Florida Financial Advisors LLC Buys 742 Shares of IES Holdings, Inc. $IESC

Florida Financial Advisors LLC lifted its stake in IES Holdings, Inc. (NASDAQ:IESC) by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,833 shares of the technology company’s stock after acquiring an additional 742 shares during the period. Florida Financial Advisors LLC’s holdings in IES were worth $1,489,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IESC. First Trust Advisors LP raised its position in shares of IES by 982.7% in the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after acquiring an additional 293,977 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of IES by 324,337.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 120,042 shares of the technology company’s stock worth $46,699,000 after acquiring an additional 120,005 shares in the last quarter. Norges Bank bought a new position in shares of IES in the 4th quarter worth $40,578,000. SG Capital Management LLC bought a new position in shares of IES in the 3rd quarter worth $38,609,000. Finally, Parsifal Capital Management LP bought a new position in shares of IES in the 3rd quarter worth $25,768,000. 86.60% of the stock is owned by institutional investors.

IES Price Performance

Shares of NASDAQ:IESC opened at $678.35 on Monday. The business’s 50-day moving average is $579.13 and its 200 day moving average is $487.23. IES Holdings, Inc. has a 1 year low of $246.43 and a 1 year high of $713.82. The firm has a market capitalization of $13.51 billion, a P/E ratio of 36.18 and a beta of 1.78.

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

Wall Street Analyst Weigh In

IESC has been the topic of several recent analyst reports. Loop Capital set a $458.00 target price on IES in a research report on Tuesday, February 3rd. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Freedom Capital lowered IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $458.00.

Insider Transactions at IES

In other IES news, CFO Tracy Mclauchlin sold 3,000 shares of the business’s 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd M. Cleveland sold 11,578 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $663.52, for a total value of $7,682,234.56. Following the sale, the director owned 65,817 shares in the company, valued at approximately $43,670,895.84. The trade was a 14.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 158,682 shares of company stock worth $108,518,660 in the last 90 days. 56.43% of the stock is owned by company insiders.

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.