IES (NASDAQ:IESC) CFO Tracy Mclauchlin Sells 3,000 Shares

IES Holdings, Inc. (NASDAQ:IESC) CFO Tracy Mclauchlin sold 3,000 shares of the 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 of the company’s stock, valued at $41,429,690.25. This trade represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

IES Stock Performance

Shares of IESC opened at $685.48 on Wednesday. IES Holdings, Inc. has a fifty-two week low of $235.99 and a fifty-two week high of $700.20. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 36.56 and a beta of 1.81. The firm has a 50-day simple moving average of $522.24 and a 200-day simple moving average of $462.50.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Florida Financial Advisors LLC increased its holdings in IES by 18.7% in the first quarter. Florida Financial Advisors LLC now owns 4,548 shares of the technology company’s stock valued at $2,167,000 after buying an additional 715 shares in the last quarter. Parallel Advisors LLC increased its holdings in IES by 121.4% in the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after buying an additional 34 shares in the last quarter. SEB Asset Management AB purchased a new position in IES in the first quarter valued at about $238,000. Swiss National Bank increased its holdings in IES by 0.5% in the first quarter. Swiss National Bank now owns 17,740 shares of the technology company’s stock valued at $8,453,000 after buying an additional 80 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in IES in the first quarter valued at about $332,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on IESC shares. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday. Freedom Capital cut shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Loop Capital set a $458.00 price target on shares of IES in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, IES has an average rating of “Moderate Buy” and an average target price 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.