IES (NASDAQ:IESC) Stock Price Down 6.2% – What’s Next?

IES Holdings, Inc. (NASDAQ:IESC) shares dropped 6.2% on Wednesday . The company traded as low as $213.57 and last traded at $211.75. Approximately 39,317 shares were traded during trading, a decline of 82% from the average daily volume of 223,223 shares. The stock had previously closed at $225.66.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th.

IES Stock Performance

The business’s fifty day moving average is $227.25 and its two-hundred day moving average is $219.48. The company has a market cap of $3.87 billion, a P/E ratio of 18.00 and a beta of 1.52.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $2.64 earnings per share for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Insider Buying and Selling at IES

In other news, COO Matthew J. Simmes sold 7,000 shares of IES stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total value of $2,053,240.00. Following the transaction, the chief operating officer now owns 115,341 shares of the company’s stock, valued at $33,831,822.12. The trade was a 5.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mary K. Newman sold 2,500 shares of IES stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total transaction of $715,575.00. Following the completion of the transaction, the vice president now directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. The trade was a 12.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,359 shares of company stock valued at $7,341,029. Company insiders own 56.76% of the company’s stock.

Institutional Trading of IES

Several large investors have recently bought and sold shares of the stock. J.Safra Asset Management Corp grew its position in IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after purchasing an additional 50 shares during the last quarter. Summit Investment Advisors Inc. grew its position in IES by 6.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company’s stock worth $173,000 after purchasing an additional 53 shares during the last quarter. Moran Wealth Management LLC grew its position in IES by 1.8% during the 4th quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company’s stock worth $683,000 after purchasing an additional 61 shares during the last quarter. Andina Capital Management LLC grew its position in IES by 4.0% during the 3rd quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company’s stock worth $498,000 after purchasing an additional 96 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in IES by 21.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 551 shares of the technology company’s stock worth $111,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

About IES

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.