Key Points
- IES Holdings chairman Jeffrey Et Al Gendell sold 15,000 shares on May 13 at an average price of $692.71, generating about $10.39 million. After the sale, he still held more than 10.5 million shares, and the transaction reduced his stake by just 0.14%.
- IES recently reported stronger-than-expected earnings, posting $4.16 per share versus the $3.95 consensus estimate. Revenue came in at $974.2 million, below expectations, but the company still delivered a 10.40% net margin and 33.97% return on equity.
- Analysts remain cautious despite the stock’s strong run-up, with recent downgrades leaving IESC at a consensus “Moderate Buy” and a $458 average price target. Shares opened at $682.20, near the stock’s 52-week high of $700.20.
IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) Chairman Jeffrey Et Al Gendell sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $692.71, for a total transaction of $10,390,650.00. Following the completion of the transaction, the chairman directly owned 10,525,005 shares of the company's stock, valued at approximately $7,290,776,213.55. The trade was a 0.14% 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 Price Performance
Shares of NASDAQ:IESC opened at $682.20 on Friday. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 36.38 and a beta of 1.81. The firm has a 50 day simple moving average of $533.83 and a 200 day simple moving average of $467.93. IES Holdings, Inc. has a one year low of $235.99 and a one year high of $700.20.
IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, beating the consensus estimate of $3.95 by $0.21. The business had revenue of $974.20 million during the quarter, compared to the consensus estimate of $1.01 billion. IES had a net margin of 10.40% and a return on equity of 33.97%.
Analysts Set New Price Targets
IESC has been the subject of several research reports. Freedom Capital downgraded shares of IES from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 5th. Wall Street Zen downgraded shares of IES from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. Finally, Loop Capital set a $458.00 price objective on shares of IES in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $458.00.
Check Out Our Latest Stock Analysis on IES
Hedge Funds Weigh In On IES
A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in IES by 7.5% during the fourth quarter. Blue Trust Inc. now owns 400 shares of the technology company's stock worth $156,000 after buying an additional 28 shares during the last quarter. GAMMA Investing LLC raised its stake in IES by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 244 shares of the technology company's stock worth $95,000 after buying an additional 31 shares during the last quarter. Parallel Advisors LLC grew its holdings in IES by 121.4% in the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company's stock worth $30,000 after purchasing an additional 34 shares during the period. KPP Advisory Services LLC grew its holdings in IES by 5.3% in the first quarter. KPP Advisory Services LLC now owns 699 shares of the technology company's stock worth $333,000 after purchasing an additional 35 shares during the period. Finally, Petra Financial Advisors Inc. grew its holdings in IES by 2.3% in the first quarter. Petra Financial Advisors Inc. now owns 1,843 shares of the technology company's stock worth $878,000 after purchasing an additional 41 shares during the period. Institutional investors own 86.60% of the company's stock.
IES Company Profile
(
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.
See Also
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].
