Northwestern Mutual Wealth Management Co. Boosts Stock Position in IES Holdings, Inc. $IESC

Northwestern Mutual Wealth Management Co. boosted its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 324,337.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,042 shares of the technology company’s stock after purchasing an additional 120,005 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.60% of IES worth $46,699,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. boosted its position in IES by 60.5% in the third quarter. Alps Advisors Inc. now owns 5,726 shares of the technology company’s stock worth $2,277,000 after purchasing an additional 2,159 shares during the last quarter. AltraVue Capital LLC lifted its position in shares of IES by 2.1% during the 3rd quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock valued at $66,116,000 after buying an additional 3,370 shares during the last quarter. RFG Advisory LLC purchased a new position in shares of IES during the 3rd quarter valued at $944,000. Dakota Wealth Management purchased a new position in shares of IES during the 4th quarter valued at $1,018,000. Finally, First Trust Advisors LP lifted its position in shares of IES by 982.7% during the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock valued at $128,796,000 after buying an additional 293,977 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

IESC has been the topic of a number of recent research reports. Loop Capital set a $458.00 price target on IES in a research report on Tuesday, February 3rd. Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $458.00.

Insider Buying and Selling

In related news, Director Todd M. Cleveland sold 11,578 shares of the business’s stock in a transaction on 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 sale, the director directly owned 65,817 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, CEO Matthew J. Simmes sold 7,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $658.24, for a total value of $4,607,680.00. Following the completion of the transaction, the chief executive officer owned 86,575 shares in the company, valued at $56,987,128. This represents a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 136,517 shares of company stock valued at $90,872,438. 56.43% of the stock is owned by company insiders.

IES Price Performance

Shares of NASDAQ IESC opened at $654.28 on Tuesday. IES Holdings, Inc. has a one year low of $235.99 and a one year high of $700.20. The stock has a market capitalization of $13.04 billion, a PE ratio of 34.89 and a beta of 1.81. The business’s fifty day moving average price is $538.39 and its 200-day moving average price is $470.04.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.95 by $0.21. IES had a return on equity of 33.97% and a net margin of 10.40%.The company had revenue of $974.20 million for the quarter, compared to analyst estimates of $1.01 billion.

IES 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.