IES (NASDAQ:IESC) Stock Price Down 5.4%

Shares of IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) dropped 5.4% during mid-day trading on Thursday . The company traded as low as $164.78 and last traded at $165.20. Approximately 88,697 shares were traded during trading, a decline of 24% from the average daily volume of 116,171 shares. The stock had previously closed at $174.64.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded IES from a "strong-buy" rating to a "buy" rating in a report on Tuesday, May 7th.

IES Trading Down 7.1 %

The firm has a market cap of $3.28 billion, a PE ratio of 24.46 and a beta of 1.31. The stock's 50 day moving average price is $128.94 and its 200 day moving average price is $98.25.

Insiders Place Their Bets

In related news, CFO Tracy Mclauchlin sold 5,000 shares of the firm's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $115.14, for a total transaction of $575,700.00. Following the completion of the sale, the chief financial officer now directly owns 69,377 shares of the company's stock, valued at approximately $7,988,067.78. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO Matthew J. Simmes sold 14,000 shares of the company's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $170.52, for a total value of $2,387,280.00. Following the sale, the chief operating officer now directly owns 73,110 shares of the company's stock, valued at $12,466,717.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $115.14, for a total transaction of $575,700.00. Following the transaction, the chief financial officer now owns 69,377 shares in the company, valued at $7,988,067.78. The disclosure for this sale can be found here. Insiders have sold a total of 47,513 shares of company stock worth $6,186,467 over the last quarter. 59.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in shares of IES by 27.4% during the 1st quarter. Janus Henderson Group PLC now owns 26,609 shares of the technology company's stock valued at $3,237,000 after acquiring an additional 5,720 shares in the last quarter. Kennedy Capital Management LLC increased its stake in IES by 11.4% during the first quarter. Kennedy Capital Management LLC now owns 75,963 shares of the technology company's stock valued at $9,240,000 after purchasing an additional 7,800 shares during the last quarter. First Sabrepoint Capital Management LP acquired a new stake in shares of IES during the first quarter worth $1,825,000. Price T Rowe Associates Inc. MD bought a new position in shares of IES in the 1st quarter worth about $286,000. Finally, Truvestments Capital LLC acquired a new position in shares of IES in the 1st quarter valued at about $499,000. Institutional investors and hedge funds own 86.60% of the company's stock.

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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