Insider Selling: IES (NASDAQ:IESC) Insider Sells $320,565.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) insider Matthew Michael Allen sold 700 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $457.95, for a total transaction of $320,565.00. Following the sale, the insider directly owned 1,098 shares of the company’s stock, valued at approximately $502,829.10. This trade represents a 38.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

IES Stock Up 1.6%

Shares of IESC stock opened at $410.12 on Friday. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $482.35. The firm’s 50 day moving average price is $404.46 and its two-hundred day moving average price is $358.64. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 27.30 and a beta of 1.75.

IES (NASDAQ:IESC) last issued its earnings results on Friday, November 21st. The technology company reported $3.77 EPS for the quarter. IES had a net margin of 8.99% and a return on equity of 36.43%. The business had revenue of $897.80 million for the quarter.

Analysts Set New Price Targets

IESC has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of IES in a research note on Monday, December 8th. Wall Street Zen raised shares of IES from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 30th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Nuveen LLC purchased a new stake in IES during the 1st quarter worth approximately $5,193,000. HighTower Advisors LLC increased its stake in shares of IES by 31.8% in the first quarter. HighTower Advisors LLC now owns 2,085 shares of the technology company’s stock worth $344,000 after buying an additional 503 shares during the last quarter. American Century Companies Inc. raised its holdings in IES by 1.8% in the first quarter. American Century Companies Inc. now owns 53,699 shares of the technology company’s stock valued at $8,866,000 after acquiring an additional 966 shares in the last quarter. Credit Agricole S A boosted its stake in IES by 52.5% during the 1st quarter. Credit Agricole S A now owns 12,382 shares of the technology company’s stock valued at $2,044,000 after acquiring an additional 4,262 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in IES during the 1st quarter worth $2,341,000. Hedge funds and other 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.