Thrivent Financial for Lutherans Boosts Stock Holdings in IES Holdings, Inc. $IESC

Thrivent Financial for Lutherans grew its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 2.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 152,656 shares of the technology company’s stock after buying an additional 3,719 shares during the period. Thrivent Financial for Lutherans’ holdings in IES were worth $59,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Alps Advisors Inc. increased its holdings in shares of IES by 60.5% during the 3rd quarter. Alps Advisors Inc. now owns 5,726 shares of the technology company’s stock valued at $2,277,000 after purchasing an additional 2,159 shares in the last quarter. AltraVue Capital LLC increased its holdings in shares of IES by 2.1% during the 3rd quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock valued at $66,116,000 after purchasing an additional 3,370 shares in the last quarter. RFG Advisory LLC purchased a new position in shares of IES during the 3rd quarter valued at approximately $944,000. Dakota Wealth Management purchased a new position in shares of IES during the 4th quarter valued at approximately $1,018,000. Finally, First Trust Advisors LP increased its holdings in shares of IES by 982.7% during the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock valued at $128,796,000 after purchasing an additional 293,977 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at IES

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 39,361 shares of IES stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $694.01, for a total transaction of $27,316,927.61. Following the sale, the chairman owned 10,485,644 shares of the company’s stock, valued at $7,277,141,792.44. The trade was a 0.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Todd M. Cleveland sold 11,578 shares of IES stock in a transaction on Friday, May 8th. The stock was sold at an average price of $663.52, for a total transaction of $7,682,234.56. Following the sale, the director directly owned 65,817 shares in the company, valued at approximately $43,670,895.84. This trade represents a 14.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 136,837 shares of company stock worth $91,038,975. Company insiders own 56.43% of the company’s stock.

IES Stock Performance

Shares of NASDAQ IESC opened at $682.20 on Friday. The firm has a market cap of $13.60 billion, a PE ratio of 36.38 and a beta of 1.81. The firm has a fifty day moving average of $533.83 and a 200 day 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) last issued its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, topping the consensus estimate of $3.95 by $0.21. The company had revenue of $974.20 million during the quarter, compared to analyst estimates of $1.01 billion. IES had a net margin of 10.40% and a return on equity of 33.97%.

Analyst Upgrades and Downgrades

IESC has been the subject of several recent research reports. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital lowered shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Loop Capital set a $458.00 price target on shares of IES in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $458.00.

IES 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.