Key Points
- Todd Cleveland, a director of IES, sold 1,425 shares on March 4 at an average price of $500.84 for proceeds of $713,697, trimming his stake by 1.79% to 78,089 shares (≈$39.11M).
- The company missed quarterly estimates, reporting EPS of $3.71 versus $3.94 expected and revenue of $870.96M versus $876M, while IES has a market cap of $9.72B and a P/E of 29.02.
- Analysts carry an average "Buy" rating with a $458 target; the stock opened at $487.77, sits above its 50‑day ($453.84) and 200‑day ($411.60) SMAs with a one‑year range of $146.51–$537.70, and institutional investors own about 86.6% of shares.
IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) Director Todd Cleveland sold 875 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $501.13, for a total transaction of $438,488.75. Following the completion of the transaction, the director directly owned 79,514 shares of the company's stock, valued at approximately $39,846,850.82. The trade was a 1.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
IES Stock Down 7.1%
Shares of NASDAQ IESC traded down $34.75 during midday trading on Thursday, reaching $453.02. 66,791 shares of the company were exchanged, compared to its average volume of 203,428. The stock's 50-day moving average price is $453.84 and its 200-day moving average price is $411.60. The stock has a market cap of $9.03 billion, a P/E ratio of 26.95 and a beta of 1.68. IES Holdings, Inc. has a one year low of $146.51 and a one year high of $537.70.
IES (NASDAQ:IESC - Get Free Report) last announced its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 EPS for the quarter, missing analysts' consensus estimates of $3.94 by ($0.23). The firm had revenue of $870.96 million during the quarter, compared to the consensus estimate of $876.00 million. IES had a net margin of 9.70% and a return on equity of 35.62%.
Institutional Investors Weigh In On IES
Large investors have recently modified their holdings of the company. Global Retirement Partners LLC lifted its holdings in IES by 1,014.3% in the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company's stock valued at $31,000 after buying an additional 71 shares during the period. Nisa Investment Advisors LLC raised its position in shares of IES by 841.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company's stock worth $33,000 after acquiring an additional 101 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of IES in the 4th quarter valued at about $38,000. Steward Partners Investment Advisory LLC lifted its stake in shares of IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company's stock valued at $38,000 after purchasing an additional 77 shares during the period. Finally, SBI Securities Co. Ltd. boosted its position in shares of IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company's stock valued at $39,000 after purchasing an additional 60 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of IES from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 7th. Loop Capital set a $458.00 price objective on IES in a report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of IES in a report on Monday, December 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, IES currently has a consensus rating of "Buy" and an average target price of $458.00.
View Our Latest Analysis on IESC
About IES
(
Get Free Report)
IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.
Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
