IES (NASDAQ:IESC) Shares Set to Split on Friday, August 14th

IES Holdings, Inc. (NASDAQ:IESC) shares are scheduled to split on the morning of Friday, August 14th. The 2-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Thursday, August 13th.

IES Price Performance

IESC opened at $762.71 on Monday. The company has a market capitalization of $15.19 billion, a price-to-earnings ratio of 33.88 and a beta of 1.78. The business’s 50-day moving average price is $682.32 and its two-hundred day moving average price is $582.96. IES has a 1 year low of $309.51 and a 1 year high of $811.85.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Friday, July 31st. The technology company reported $6.70 EPS for the quarter, beating analysts’ consensus estimates of $4.83 by $1.87. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.08 billion. IES had a return on equity of 35.70% and a net margin of 11.40%.

Analyst Ratings Changes

A number of research analysts recently weighed in on IESC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a research report on Thursday, June 18th. Wall Street Zen raised shares of IES from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Freedom Capital downgraded 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 assigned a Hold rating to the stock. According to MarketBeat.com, IES currently has an average rating of “Moderate Buy” and an average price target of $458.00.

Insider Activity at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $756.47, for a total transaction of $35,342,278.40. Following the transaction, the chairman directly owned 10,406,559 shares in the company, valued at approximately $7,872,249,686.73. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Todd M. Cleveland sold 5,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $761.89, for a total value of $3,809,450.00. Following the sale, the director directly owned 60,874 shares of the company’s stock, valued at $46,379,291.86. This represents a 7.59% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 138,446 shares of company stock valued at $99,699,230. 56.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IESC. Optiver Holding B.V. raised its holdings in IES by 62.5% in the 1st quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock valued at $25,000 after acquiring an additional 20 shares in the last quarter. Parallel Advisors LLC increased its position in shares of IES by 121.4% in the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after purchasing an additional 34 shares during the period. Global Retirement Partners LLC bought a new position in shares of IES in the second quarter worth $48,000. Harbor Investment Advisory LLC acquired a new position in IES in the second quarter valued at about $55,000. Finally, International Assets Investment Management LLC acquired a new position in IES in the fourth quarter valued at about $38,000. 86.60% of the stock is owned by institutional investors.

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.