IES (NASDAQ:IESC) CEO Sells $4,607,680.00 in Stock

Key Points

• CEO Matthew Simmes sold 7,000 shares at an average of $658.24 on May 5, totaling $4,607,680, reducing his stake by 7.48% to 86,575 shares valued at roughly $56.99 million.
• IES reported quarterly EPS of $4.16, beating estimates of $3.95, but revenue missed expectations at $974.2 million versus a $1.01 billion estimate.
• Shares traded at $665.63 (down $8.21) on above-average volume and remain near their 12‑month high of $688.51, while analysts hold a "Moderate Buy" consensus with an average target of $458.00.

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) CEO Matthew Simmes sold 7,000 shares of the firm's stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $658.24, for a total value of $4,607,680.00. Following the sale, the chief executive officer directly owned 86,575 shares of the company's stock, valued at approximately $56,987,128. This represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

IES Price Performance

Shares of IES stock traded down $8.21 during trading hours on Thursday, hitting $665.63. 283,546 shares of the company's stock traded hands, compared to its average volume of 212,178. IES Holdings, Inc. has a 12-month low of $235.99 and a 12-month high of $688.51. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 35.50 and a beta of 1.81. The company has a fifty day simple moving average of $508.75 and a 200-day simple moving average of $454.28.

IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.95 by $0.21. IES had a return on equity of 33.97% and a net margin of 10.40%.The firm had revenue of $974.20 million during the quarter, compared to analyst estimates of $1.01 billion.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IESC. Freedom Capital lowered IES from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Wall Street Zen raised IES from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 2nd. Finally, Loop Capital set a $458.00 price objective on IES in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $458.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in shares of IES by 121.4% during the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company's stock valued at $30,000 after acquiring an additional 34 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of IES by 1,014.3% during the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company's stock valued at $31,000 after acquiring an additional 71 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of IES during the 4th quarter valued at about $38,000. Steward Partners Investment Advisory LLC boosted its position in shares of IES by 366.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company's stock valued at $38,000 after acquiring an additional 77 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company's stock valued at $39,000 after buying an additional 60 shares in the last quarter. Institutional investors own 86.60% of the company's stock.

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.

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