IES (NASDAQ:IESC) Chairman Sells $2,672,916.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 5,048 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $529.50, for a total value of $2,672,916.00. Following the sale, the chairman owned 10,590,272 shares of the company’s stock, valued at $5,607,549,024. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

IES Price Performance

Shares of IESC opened at $506.94 on Friday. The business’s 50-day moving average is $439.04 and its 200-day moving average is $400.84. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 30.16 and a beta of 1.72. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $537.70.

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

Institutional Trading of IES

Large investors have recently modified their holdings of the company. Global Retirement Partners LLC raised its holdings in IES by 1,014.3% in the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after acquiring an additional 71 shares during the period. SBI Securities Co. Ltd. grew its position in shares of IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after purchasing an additional 60 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of IES in the fourth quarter worth about $38,000. Steward Partners Investment Advisory LLC boosted its position in shares of IES by 366.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after acquiring an additional 77 shares during the period. Finally, Spire Wealth Management acquired a new stake in IES in the 3rd quarter worth $40,000. 86.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IESC shares. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a research report 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 restated a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $458.00.

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.