Key Points
- CEO Matthew Simmes sold 7,000 shares on May 5 at an average price of $658.24 for proceeds of $4.61 million, trimming his holding by 7.48% to 86,575 shares (about $57.0 million).
- Recent quarter: EPS beat but revenue missed — IES reported $4.16 EPS versus $3.95 expected, while revenue was $974.2 million versus a $1.01 billion consensus.
- Analysts are mixed: the stock carries an average "Moderate Buy" rating with an average target of $458, amid both downgrades (Freedom Capital to Hold) and upgrades (Wall Street Zen to Strong-Buy), while shares trade well above that target (around $665).
IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) CEO Matthew Simmes sold 7,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $658.24, for a total value of $4,607,680.00. Following the sale, the chief executive officer directly owned 86,575 shares in the company, valued at $56,987,128. This represents a 7.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
IES Price Performance
IES stock opened at $665.63 on Friday. The firm has a market cap of $13.26 billion, a PE ratio of 35.50 and a beta of 1.81. The stock's fifty day moving average price is $511.80 and its two-hundred day moving average price is $456.24. IES Holdings, Inc. has a one year low of $235.99 and a one year high of $688.51.
IES (NASDAQ:IESC - Get Free Report) last released its earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share for the quarter, beating analysts' consensus estimates of $3.95 by $0.21. IES had a return on equity of 33.97% and a net margin of 10.40%.The firm had revenue of $974.20 million during the quarter, compared to the consensus estimate of $1.01 billion.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Freedom Capital downgraded shares of IES from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Loop Capital set a $458.00 target price on shares of IES in a research report on Tuesday, February 3rd. Finally, Wall Street Zen raised shares of IES from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $458.00.
Read Our Latest Stock Analysis on IES
Institutional Trading of IES
A number of hedge funds have recently added to or reduced their stakes in IESC. First Trust Advisors LP grew its stake in shares of IES by 982.7% during the third quarter. First Trust Advisors LP now owns 323,893 shares of the technology company's stock worth $128,796,000 after buying an additional 293,977 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of IES by 324,337.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 120,042 shares of the technology company's stock valued at $46,699,000 after acquiring an additional 120,005 shares during the last quarter. Norges Bank acquired a new stake in shares of IES during the 4th quarter valued at $40,578,000. SG Capital Management LLC acquired a new stake in shares of IES during the 3rd quarter valued at $38,609,000. Finally, Parsifal Capital Management LP bought a new stake in IES during the 3rd quarter worth $25,768,000. Institutional investors and hedge funds 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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