Todd Cleveland Sells 181 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 181 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $520.25, for a total value of $94,165.25. Following the sale, the director owned 85,636 shares in the company, valued at approximately $44,552,129. This represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

IES Stock Performance

Shares of NASDAQ IESC opened at $495.35 on Friday. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $537.70. The stock has a market cap of $9.87 billion, a PE ratio of 29.47 and a beta of 1.72. The stock has a fifty day moving average of $448.66 and a 200-day moving average of $407.98.

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 analysts’ consensus estimates of $3.94 by ($0.23). The company 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%.

Hedge Funds Weigh In On IES

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of IES in the 4th quarter worth $1,162,000. Invesco Ltd. grew its position in IES by 0.7% in the fourth quarter. Invesco Ltd. now owns 91,743 shares of the technology company’s stock worth $35,690,000 after acquiring an additional 605 shares in the last quarter. Vident Advisory LLC increased its stake in IES by 3.4% in the fourth quarter. Vident Advisory LLC now owns 12,059 shares of the technology company’s stock valued at $4,691,000 after acquiring an additional 391 shares during the last quarter. Empowered Funds LLC raised its position in IES by 27.0% during the fourth quarter. Empowered Funds LLC now owns 1,402 shares of the technology company’s stock valued at $545,000 after purchasing an additional 298 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in IES during the fourth quarter valued at about $328,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IESC shares. Loop Capital set a $458.00 price objective on shares of IES in a research note on Tuesday, February 3rd. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reaffirmed 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 company currently has a consensus rating of “Buy” and a consensus target price 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.