Todd Cleveland Sells 922 Shares of IES (NASDAQ:IESC) Stock

May 9, 2026 by InsiderTrades.com

Key Points

Chairman Jeffrey Et Al Gendell sold 7,052 shares of IES Holdings on May 8 at an average price of $674.25, totaling about $4.75 million. After the transaction, he still held more than 10.54 million shares.
IES reported strong quarterly earnings, posting $4.16 per share and beating analyst estimates of $3.95, though revenue of $974.2 million fell short of expectations. The company continues to show solid profitability, with a 33.97% return on equity.
Analyst sentiment is mixed: Wall Street Zen upgraded the stock to strong-buy, while Freedom Capital lowered it to hold. The consensus rating remains Moderate Buy, with a target price of $458.00.

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) Director Todd Cleveland sold 922 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $681.55, for a total value of $628,389.10. Following the sale, the director owned 77,395 shares of the company's stock, valued at approximately $52,748,562.25. The trade was a 1.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

IES Stock Up 0.2%

Shares of NASDAQ:IESC opened at $666.70 on Friday. The business has a 50 day moving average price of $511.80 and a 200 day moving average price of $456.24. IES Holdings, Inc. has a twelve month low of $235.99 and a twelve month high of $688.51. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 35.56 and a beta of 1.81.

IES (NASDAQ:IESC - Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, topping 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 company had revenue of $974.20 million during the quarter, compared to the consensus estimate of $1.01 billion.

Hedge Funds Weigh In On IES

A number of hedge funds have recently modified their holdings of IESC. Parallel Advisors LLC raised its holdings in shares of IES by 121.4% in the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company's stock worth $30,000 after buying an additional 34 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of IES by 1,014.3% in the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company's stock worth $31,000 after buying an additional 71 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of IES in the 4th quarter worth approximately $38,000. Steward Partners Investment Advisory LLC raised its holdings 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 worth $38,000 after buying an additional 77 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of IES by 157.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company's stock worth $39,000 after buying an additional 60 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Key IES News

Here are the key news stories impacting IES this week:

Positive Sentiment: IES reported quarterly earnings of $4.16 per share, topping analyst estimates of $3.95 and reinforcing the company’s strong profitability profile. Revenue came in below expectations, but the earnings beat may still support the stock’s higher valuation. IES earnings and stock page
Neutral Sentiment: Wall Street Zen recently upgraded IESC from “buy” to “strong-buy,” while Freedom Capital downgraded the stock from “strong-buy” to “hold.” The mixed analyst signals suggest some disagreement about how much upside remains after the stock’s sharp run. Article on Freedom Capital downgrade
Negative Sentiment: CEO Matthew Simmes sold 7,000 shares, and Director Todd M. Cleveland sold 11,578 shares plus an additional 922 shares in separate transactions. Large insider sales can raise concern that executives and directors see less near-term upside at current levels. Insider selling alert
Negative Sentiment: Chairman Jeffrey L. Et Al Gendell also sold 40,103 shares and then another 7,052 shares, adding to the negative sentiment around insider activity. Although the sales were small relative to his overall stake, the pace of selling may weigh on investor confidence. SEC filing

Analyst Upgrades and Downgrades

A number of analysts have commented on IESC shares. Wall Street Zen upgraded IES from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 2nd. Freedom Capital downgraded IES from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, Loop Capital set a $458.00 price objective on IES in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $458.00.

Read Our Latest Stock 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.