IES (NASDAQ:IESC) Trading Down 7.2% – Should You Sell?

IES Holdings, Inc. (NASDAQ:IESC)’s stock price was down 7.2% on Monday . The stock traded as low as $682.00 and last traded at $691.0260. Approximately 32,076 shares were traded during trading, a decline of 86% from the average daily volume of 228,446 shares. The stock had previously closed at $744.54.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Freedom Capital downgraded shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings restated a “buy (b)” rating on shares of IES in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $458.00.

IES Stock Performance

The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 31.90 and a beta of 1.78. The business’s 50 day moving average is $674.87 and its 200 day moving average is $571.73.

Shares of IES are scheduled to split on Monday, August 24th. The 2-1 split was announced on Friday, July 31st. The newly minted shares will be issued to shareholders after the market closes on Friday, August 21st.

IES (NASDAQ:IESC) last released its earnings results on Friday, July 31st. The technology company reported $6.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.83 by $1.87. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.08 billion. IES had a return on equity of 38.05% and a net margin of 11.40%.

Insiders Place Their Bets

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of IES stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $756.47, for a total transaction of $35,342,278.40. Following the transaction, the chairman owned 10,406,559 shares of the company’s stock, valued at $7,872,249,686.73. The trade was a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Tracy Mclauchlin sold 3,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $662.61, for a total value of $1,987,830.00. Following the completion of the transaction, the chief financial officer owned 62,525 shares in the company, valued at $41,429,690.25. This represents a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 208,102 shares of company stock valued at $146,518,202 over the last ninety days. Corporate insiders own 56.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB increased its stake in IES by 2.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 6,340 shares of the technology company’s stock valued at $4,658,000 after buying an additional 160 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of IES by 27.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,614 shares of the technology company’s stock valued at $2,655,000 after buying an additional 780 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of IES during the 2nd quarter valued at $55,000. Empowered Funds LLC grew its holdings in shares of IES by 8.1% during the 1st quarter. Empowered Funds LLC now owns 1,515 shares of the technology company’s stock valued at $722,000 after acquiring an additional 113 shares in the last quarter. Finally, Militia Capital Management LLC purchased a new position in shares of IES during the 1st quarter valued at $218,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

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.