IES (NASDAQ:IESC) Posts Earnings Results

IES (NASDAQ:IESC) announced its earnings results on Friday. The technology company reported $4.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.95 by $0.21, Zacks reports. IES had a net margin of 9.70% and a return on equity of 35.62%.

IES Stock Performance

Shares of IESC traded up $11.56 on Friday, hitting $655.64. 350,536 shares of the stock traded hands, compared to its average volume of 203,035. The company has a market capitalization of $13.07 billion, a PE ratio of 39.00 and a beta of 1.81. The business has a 50 day simple moving average of $502.55 and a 200 day simple moving average of $449.51. IES has a one year low of $213.57 and a one year high of $675.00.

Analyst Ratings Changes

Several brokerages recently weighed in on IESC. Wall Street Zen downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Loop Capital set a $458.00 price target on shares of IES in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $458.00.

Insider Activity at IES

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 320 shares of IES stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $520.43, for a total value of $166,537.60. Following the completion of the sale, the chairman owned 10,587,161 shares of the company’s stock, valued at approximately $5,509,876,199.23. The trade was a 0.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew J. Simmes sold 5,000 shares of IES stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $506.26, for a total transaction of $2,531,300.00. Following the completion of the sale, the chief executive officer directly owned 93,575 shares of the company’s stock, valued at approximately $47,373,279.50. This trade represents a 5.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,659 shares of company stock valued at $10,636,940 over the last 90 days. Corporate insiders own 56.43% of the company’s stock.

Institutional Investors Weigh In On IES

A number of large investors have recently added to or reduced their stakes in IESC. Global Retirement Partners LLC lifted its stake in IES by 59.0% in the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after purchasing an additional 46 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in IES by 1.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company’s stock worth $1,468,000 after purchasing an additional 51 shares in the last quarter. Two Sigma Securities LLC lifted its stake in IES by 3.2% in the 2nd quarter. Two Sigma Securities LLC now owns 1,959 shares of the technology company’s stock worth $580,000 after purchasing an additional 61 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after purchasing an additional 77 shares in the last quarter. Finally, VestGen Advisors LLC raised its holdings in shares of IES by 4.7% during the 4th quarter. VestGen Advisors LLC now owns 1,796 shares of the technology company’s stock worth $699,000 after acquiring an additional 81 shares in the last quarter. Institutional investors 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.