Moran Wealth Management LLC Has $4.15 Million Position in IES Holdings, Inc. $IESC

Moran Wealth Management LLC grew its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 151.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,719 shares of the technology company’s stock after acquiring an additional 5,251 shares during the period. Moran Wealth Management LLC’s holdings in IES were worth $4,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in IES during the fourth quarter valued at $38,000. Steward Partners Investment Advisory LLC increased its position in IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after purchasing an additional 77 shares during the last quarter. Global Retirement Partners LLC increased its position in IES by 59.0% in the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after purchasing an additional 46 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of IES by 2,100.0% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock worth $51,000 after purchasing an additional 126 shares in the last quarter. Finally, Greenline Wealth Management LLC purchased a new stake in shares of IES during the 4th quarter worth about $56,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IESC shares. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research note on Thursday, June 18th. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Freedom Capital cut shares of IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating and one has given 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 price target of $458.00.

IES Stock Performance

NASDAQ IESC opened at $654.00 on Friday. The company has a fifty day simple moving average of $685.57 and a 200 day simple moving average of $540.48. The company has a market cap of $13.03 billion, a P/E ratio of 34.88 and a beta of 1.78. IES Holdings, Inc. has a 1 year low of $291.00 and a 1 year high of $804.00.

IES (NASDAQ:IESC) last announced its earnings results on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, topping the consensus estimate of $3.95 by $0.21. The firm had revenue of $974.20 million for 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%.

Insiders Place Their Bets

In related news, Director Todd M. Cleveland sold 11,578 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $663.52, for a total transaction of $7,682,234.56. Following the completion of the transaction, the director owned 65,817 shares of the company’s stock, valued at approximately $43,670,895.84. The trade was a 14.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew J. Simmes sold 7,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $658.24, for a total value of $4,607,680.00. Following the sale, the chief executive officer owned 86,575 shares of the company’s stock, valued at approximately $56,987,128. The trade was a 7.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 208,102 shares of company stock valued at $146,518,202. Company insiders own 56.43% of the company’s stock.

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.