IES (NASDAQ:IESC) Trading Down 3.8% - Should You Sell?

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report)'s share price dropped 3.8% during mid-day trading on Tuesday . The stock traded as low as $264.82 and last traded at $266.29. Approximately 24,421 shares changed hands during trading, a decline of 88% from the average daily volume of 197,729 shares. The stock had previously closed at $276.69.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

IES Price Performance

The stock has a market cap of $5.40 billion, a P/E ratio of 25.32 and a beta of 1.62. The firm's 50-day moving average price is $225.14 and its 200-day moving average price is $221.34.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 earnings per share (EPS) for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The firm had revenue of $834.00 million for the quarter.

Insider Activity at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total transaction of $7,489,572.48. Following the sale, the chief executive officer now directly owns 10,930,040 shares in the company, valued at $3,015,816,636.80. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 56.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On IES

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in IES by 1,856.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company's stock worth $818,000 after buying an additional 3,862 shares during the period. Barclays PLC boosted its stake in IES by 411.1% during the third quarter. Barclays PLC now owns 15,176 shares of the technology company's stock worth $3,029,000 after buying an additional 12,207 shares during the period. Convergence Investment Partners LLC boosted its stake in IES by 26.4% during the fourth quarter. Convergence Investment Partners LLC now owns 7,010 shares of the technology company's stock worth $1,409,000 after buying an additional 1,463 shares during the period. Millennium Management LLC boosted its stake in IES by 650.6% during the fourth quarter. Millennium Management LLC now owns 25,462 shares of the technology company's stock worth $5,117,000 after buying an additional 22,070 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in IES during the fourth quarter worth $2,361,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.