IES (NASDAQ:IESC – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.
IES Stock Up 1.1 %
IESC opened at $215.53 on Thursday. The stock has a market cap of $4.31 billion, a PE ratio of 21.79 and a beta of 1.52. IES has a twelve month low of $81.89 and a twelve month high of $320.08. The company has a fifty day moving average of $246.36 and a 200-day moving average of $211.45.
Insider Activity at IES
In related news, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the sale, the vice president now directly owns 18,286 shares of the company’s stock, valued at $5,234,001.78. The trade was a 12.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Matthew J. Simmes sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 directly owns 115,341 shares in the company, valued at approximately $33,831,822.12. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,359 shares of company stock worth $7,341,029 in the last 90 days. Corporate insiders own 56.76% of the company’s stock.
Institutional Trading of IES
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.
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