IES (NASDAQ:IESC) Stock Price Down 5.6% – Time to Sell?

IES Holdings, Inc. (NASDAQ:IESC) traded down 5.6% during trading on Wednesday . The stock traded as low as $425.01 and last traded at $422.1820. 48,193 shares traded hands during trading, a decline of 72% from the average session volume of 175,053 shares. The stock had previously closed at $447.35.

Wall Street Analyst Weigh In

Several analysts recently commented on IESC shares. Wall Street Zen raised shares of IES from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of IES in a report on Monday, December 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, IES presently has a consensus rating of “Buy”.

IES Stock Down 8.3%

The business has a 50 day moving average of $403.37 and a 200 day moving average of $356.41. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 27.30 and a beta of 1.75.

IES (NASDAQ:IESC) last released its earnings results on Friday, November 21st. The technology company reported $3.77 earnings per share (EPS) for the quarter. The company had revenue of $897.80 million for the quarter. IES had a net margin of 8.99% and a return on equity of 36.43%.

Insider Activity

In other IES news, CAO Mary K. Newman sold 2,000 shares of IES stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $477.86, for a total value of $955,720.00. Following the completion of the sale, the chief accounting officer directly owned 21,843 shares of the company’s stock, valued at approximately $10,437,895.98. The trade was a 8.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew J. Simmes sold 10,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $406.96, for a total value of $4,069,600.00. Following the completion of the transaction, the chief executive officer owned 98,575 shares of the company’s stock, valued at $40,116,082. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 216,961 shares of company stock valued at $96,066,820 in the last 90 days. Insiders own 56.76% of the company’s stock.

Institutional Trading of IES

Hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its holdings in shares of IES by 77.1% during the 3rd quarter. IFP Advisors Inc now owns 147 shares of the technology company’s stock worth $58,000 after acquiring an additional 64 shares during the period. Cambria Investment Management L.P. raised its stake in IES by 25.0% during the third quarter. Cambria Investment Management L.P. now owns 3,015 shares of the technology company’s stock worth $1,199,000 after purchasing an additional 603 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of IES in the 3rd quarter valued at $383,000. Centaurus Financial Inc. purchased a new stake in shares of IES during the 3rd quarter valued at $1,117,000. Finally, Advisory Services Network LLC acquired a new stake in shares of IES during the 3rd quarter worth $91,000. 86.60% of the stock is owned by institutional investors and hedge funds.

About IES

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.