Todd Cleveland Sells 1,700 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 1,700 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $511.29, for a total transaction of $869,193.00. Following the completion of the transaction, the director directly owned 80,817 shares in the company, valued at $41,320,923.93. This trade represents a 2.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

IES Price Performance

IESC opened at $495.35 on Friday. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 29.47 and a beta of 1.72. The firm has a 50 day simple moving average of $448.66 and a 200 day simple moving average of $407.98. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $537.70.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.23). The business had revenue of $870.96 million during the quarter, compared to the consensus estimate of $876.00 million. IES had a net margin of 9.70% and a return on equity of 35.62%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Loop Capital set a $458.00 price objective on shares of IES in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, IES presently has a consensus rating of “Buy” and an average price target of $458.00.

Hedge Funds Weigh In On IES

Institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC raised its holdings in IES by 1,014.3% during 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 during the period. SBI Securities Co. Ltd. increased its position in shares of IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after acquiring an additional 60 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of IES during the fourth quarter worth $38,000. Steward Partners Investment Advisory LLC raised its holdings in shares of IES by 366.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after acquiring an additional 77 shares during the period. Finally, Spire Wealth Management bought a new stake in IES in the 3rd quarter valued at $40,000. Institutional investors own 86.60% of the company’s stock.

About IES

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.