IES (NASDAQ:IESC) Director Sells $102,708.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) 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 value of $102,708.00. Following the transaction, the director directly owned 80,617 shares of the company’s stock, valued at approximately $41,400,054.18. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

IES Price Performance

Shares of IES stock traded up $0.20 during trading on Wednesday, hitting $487.77. 159,446 shares of the stock were exchanged, compared to its average volume of 207,434. The firm’s 50-day moving average price is $452.22 and its 200 day moving average price is $411.06. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of 29.02 and a beta of 1.68. IES Holdings, Inc. has a 12-month low of $146.51 and a 12-month high of $537.70.

IES (NASDAQ:IESC) last posted its earnings results on Friday, January 30th. The technology company reported $3.71 EPS for the quarter, missing the consensus estimate of $3.94 by ($0.23). The business had revenue of $870.96 million during the quarter, compared to analysts’ expectations 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

Institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP grew its holdings 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. Pertento Partners LLP purchased a new position in shares of IES in the 2nd quarter valued at approximately $46,916,000. Northwestern Mutual Wealth Management Co. grew 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 purchasing an additional 120,005 shares during the last quarter. Norges Bank acquired a new position in shares of IES in the fourth quarter valued at approximately $40,578,000. Finally, SG Capital Management LLC purchased a new stake in shares of IES during the third quarter worth approximately $38,609,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on IESC. Loop Capital set a $458.00 price target on shares of IES in a research note on Tuesday, February 3rd. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $458.00.

IES Company Profile

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.