IES (NASDAQ:IESC) Trading Down 5.2% – What’s Next?

IES Holdings, Inc. (NASDAQ:IESC) was down 5.2% during trading on Tuesday . The company traded as low as $309.27 and last traded at $307.3750. Approximately 131,064 shares changed hands during trading, a decline of 70% from the average daily volume of 443,101 shares. The stock had previously closed at $324.12.

Analyst Ratings Changes

IESC has been the topic of several recent analyst reports. Wall Street Zen raised shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a research note on Thursday, June 18th. Finally, Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.50.

IES Stock Down 4.3%

The company has a market cap of $6.18 billion, a PE ratio of 13.80 and a beta of 1.78. The stock’s 50 day simple moving average is $196.25 and its two-hundred day simple moving average is $159.99.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, July 31st. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.47. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.08 billion. IES had a net margin of 11.40% and a return on equity of 35.70%.

Insiders Place Their Bets

In other IES news, Director Todd M. Cleveland sold 20,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $190.47, for a total transaction of $3,809,450.00. Following the completion of the sale, the director directly owned 243,496 shares in the company, valued at $46,379,291.86. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Jeffrey L. Et Al Gendell sold 186,880 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $189.12, for a total value of $35,342,278.40. Following the completion of the transaction, the chairman owned 41,626,236 shares in the company, valued at approximately $7,872,249,686.73. This trade represents a 0.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 328,120 shares of company stock worth $60,548,467 in the last quarter. 56.43% of the stock is owned by insiders.

Institutional Trading of IES

Institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP purchased a new stake in IES during the second quarter worth approximately $25,000. Toth Financial Advisory Corp raised its stake in shares of IES by 73.9% in the 2nd quarter. Toth Financial Advisory Corp now owns 40 shares of the technology company’s stock valued at $29,000 after acquiring an additional 17 shares during the period. Optiver Holding B.V. lifted its holdings in shares of IES by 62.5% during the 1st quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock valued at $25,000 after acquiring an additional 20 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of IES during the 2nd quarter valued at $40,000. Finally, Parallel Advisors LLC boosted its position in IES by 121.4% during the 1st 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. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.