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

IES Holdings, Inc. (NASDAQ:IESC) CFO Tracy Mclauchlin sold 3,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $662.61, for a total transaction of $1,987,830.00. Following the completion of the sale, the chief financial officer directly owned 62,525 shares in the company, valued at $41,429,690.25. This trade represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

IES Price Performance

IESC stock opened at $677.78 on Thursday. The firm’s fifty day simple moving average is $525.75 and its 200-day simple moving average is $464.59. The company has a market capitalization of $13.51 billion, a P/E ratio of 36.15 and a beta of 1.81. IES Holdings, Inc. has a 12 month low of $235.99 and a 12 month high of $700.20.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, beating the consensus estimate of $3.95 by $0.21. The business 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%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On IES

A number of large investors have recently added to or reduced their stakes in IESC. Parallel Advisors LLC raised its position in IES by 121.4% during the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after acquiring an additional 34 shares during the period. Global Retirement Partners LLC raised its position in IES by 1,014.3% during the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after acquiring an additional 71 shares during the period. International Assets Investment Management LLC acquired a new position in IES during the fourth quarter worth $38,000. Steward Partners Investment Advisory LLC raised its position in IES by 366.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after acquiring an additional 77 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after acquiring an additional 60 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

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.