IES (NASDAQ:IESC) CFO Sells $1,987,830.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) CFO Tracy Mclauchlin sold 3,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $662.61, for a total transaction of $1,987,830.00. Following the transaction, the chief financial officer owned 62,525 shares in the company, valued at approximately $41,429,690.25. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

IES Price Performance

NASDAQ:IESC traded up $0.37 during trading hours on Tuesday, reaching $685.48. 143,430 shares of the company were exchanged, compared to its average volume of 210,818. IES Holdings, Inc. has a 52-week low of $235.99 and a 52-week high of $700.20. The stock has a 50 day simple moving average of $518.44 and a 200 day simple moving average of $460.20. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 36.56 and a beta of 1.81.

IES (NASDAQ:IESC) last issued its earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share for the quarter, topping the consensus estimate of $3.95 by $0.21. IES had a return on equity of 33.97% and a net margin of 10.40%.The business had revenue of $974.20 million for the quarter, compared to analyst estimates of $1.01 billion.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on IESC shares. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday. 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 research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $458.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Florida Financial Advisors LLC increased its position in shares of IES by 18.7% during the first quarter. Florida Financial Advisors LLC now owns 4,548 shares of the technology company’s stock worth $2,167,000 after acquiring an additional 715 shares during the last quarter. Parallel Advisors LLC grew its position in shares of IES by 121.4% during the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after buying an additional 34 shares in the last quarter. SEB Asset Management AB bought a new stake in shares of IES in the first quarter worth $238,000. Swiss National Bank raised its holdings in IES by 0.5% in the first quarter. Swiss National Bank now owns 17,740 shares of the technology company’s stock valued at $8,453,000 after acquiring an additional 80 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in IES during the 1st quarter worth $332,000. 86.60% of the stock is currently 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.