IES (NASDAQ:IESC) Shares Gap Up to $136.86

Shares of IES Holdings, Inc. (NASDAQ:IESC) gapped up before the market opened on Friday . The stock had previously closed at $136.86, but opened at $150.17. IES shares last traded at $171.15, with a volume of 100,620 shares.

IES Stock Up 17.9 %

The stock has a fifty day moving average of $119.02 and a two-hundred day moving average of $91.87. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 30.68 and a beta of 1.31.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, February 2nd. The technology company reported $1.87 earnings per share (EPS) for the quarter. IES had a net margin of 4.41% and a return on equity of 26.83%. The business had revenue of $634.40 million during the quarter.

Insider Buying and Selling at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 3,700 shares of IES stock in a transaction on Monday, February 5th. The stock was sold at an average price of $85.60, for a total transaction of $316,720.00. Following the completion of the transaction, the chief executive officer now owns 11,500,233 shares of the company’s stock, valued at approximately $984,419,944.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other IES news, CEO Jeffrey L. Et Al Gendell sold 3,700 shares of IES stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $85.60, for a total transaction of $316,720.00. Following the transaction, the chief executive officer now directly owns 11,500,233 shares of the company’s stock, valued at $984,419,944.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Matthew J. Simmes sold 4,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $102.04, for a total transaction of $408,160.00. Following the completion of the sale, the chief operating officer now directly owns 87,110 shares of the company’s stock, valued at approximately $8,888,704.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,994 shares of company stock valued at $9,862,986. Corporate insiders own 59.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IESC. Allspring Global Investments Holdings LLC grew its stake in shares of IES by 1,078.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 589 shares of the technology company’s stock valued at $39,000 after buying an additional 539 shares in the last quarter. Acadian Asset Management LLC acquired a new position in IES during the 3rd quarter worth approximately $41,000. Sunbelt Securities Inc. purchased a new position in IES in the 1st quarter worth approximately $48,000. Quest Partners LLC acquired a new stake in IES in the fourth quarter valued at approximately $134,000. Finally, SG Americas Securities LLC purchased a new stake in shares of IES during the fourth quarter valued at approximately $208,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.