Insider Selling: IES (NASDAQ:IESC) CEO Sells $2,531,300.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Matthew Simmes sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $506.26, for a total value 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 $47,373,279.50. The trade was a 5.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

IES Price Performance

Shares of IES stock opened at $519.67 on Monday. The firm’s fifty day simple moving average is $440.23 and its 200-day simple moving average is $403.06. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $537.70. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 30.91 and a beta of 1.72.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.23). The business had revenue of $870.96 million for the quarter, compared to analysts’ expectations of $876.00 million. IES had a return on equity of 35.62% and a net margin of 9.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of IES by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock worth $810,000 after purchasing an additional 223 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in IES by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock worth $3,762,000 after buying an additional 1,435 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in IES during the second quarter worth about $243,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in IES in the second quarter valued at about $1,452,000. Finally, Peterson Wealth Services lifted its position in shares of IES by 4.0% during the 2nd quarter. Peterson Wealth Services now owns 3,698 shares of the technology company’s stock valued at $1,095,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on IESC. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Loop Capital set a $458.00 price target on IES in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $458.00.

About IES

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.