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 200 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $513.54, for a total transaction of $102,708.00. Following the completion of the transaction, the director directly owned 80,617 shares in the company, valued at $41,400,054.18. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
IES Stock Down 14.3%
NASDAQ IESC traded down $69.70 during trading hours on Thursday, reaching $418.07. 180,267 shares of the company were exchanged, compared to its average volume of 206,583. The stock has a market capitalization of $8.33 billion, a P/E ratio of 24.87 and a beta of 1.68. IES Holdings, Inc. has a 1 year low of $146.51 and a 1 year high of $537.70. The business's 50 day simple moving average is $453.84 and its 200-day simple moving average is $411.60.
IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.23). IES had a return on equity of 35.62% and a net margin of 9.70%.The company had revenue of $870.96 million for the quarter, compared to analysts' expectations of $876.00 million.
Analyst Ratings Changes
IESC has been the topic of a number of analyst reports. Loop Capital set a $458.00 price objective on IES in a research note on Tuesday, February 3rd. Wall Street Zen cut IES from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of IES in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, IES presently has a consensus rating of "Buy" and a consensus target price of $458.00.
Check Out Our Latest Stock Report on IESC
Institutional Investors Weigh In On IES
Several hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in shares of IES by 982.7% in the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company's stock valued at $128,796,000 after purchasing an additional 293,977 shares in the last quarter. Pertento Partners LLP bought a new position in IES during the 2nd quarter valued at approximately $46,916,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of IES by 324,337.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 120,042 shares of the technology company's stock valued at $46,699,000 after buying an additional 120,005 shares during the period. Norges Bank bought a new position in IES in the 4th quarter worth $40,578,000. Finally, SG Capital Management LLC bought a new position in IES in the third quarter worth about $38,609,000. Institutional investors own 86.60% of the company's stock.
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.
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