Todd M. Cleveland Sells 10,000 Shares of IES Holdings, Inc. (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd M. Cleveland sold 10,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $153.57, for a total transaction of $1,535,700.00. Following the sale, the director now owns 104,654 shares of the company’s stock, valued at approximately $16,071,714.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

IES Trading Up 2.5 %

Shares of IES stock opened at $161.11 on Friday. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 24.30 and a beta of 1.38. IES Holdings, Inc. has a 1-year low of $59.75 and a 1-year high of $196.05. The firm’s 50-day moving average price is $159.76 and its two-hundred day moving average price is $142.59.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, August 2nd. The technology company reported $2.67 earnings per share for the quarter. The firm had revenue of $768.40 million for the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%.

Institutional Trading of IES

Several hedge funds have recently modified their holdings of IESC. Federated Hermes Inc. grew its stake in shares of IES by 258.7% during the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after purchasing an additional 194 shares during the last quarter. Quest Partners LLC grew its stake in shares of IES by 41.0% during the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after purchasing an additional 86 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of IES during the first quarter valued at approximately $48,000. Contravisory Investment Management Inc. bought a new stake in shares of IES during the second quarter valued at approximately $48,000. Finally, CWM LLC grew its stake in shares of IES by 252.7% during the second quarter. CWM LLC now owns 582 shares of the technology company’s stock valued at $81,000 after purchasing an additional 417 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th.

IES Company Profile

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.