IES (NASDAQ:IESC) Stock Price Up 6.2%

IES Holdings, Inc. (NASDAQ:IESCGet Free Report)’s share price rose 6.2% during trading on Wednesday . The company traded as high as $176.60 and last traded at $175.60. Approximately 67,947 shares were traded during trading, a decline of 41% from the average daily volume of 115,304 shares. The stock had previously closed at $165.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of IES from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 7th.

Read Our Latest Stock Analysis on IES

IES Price Performance

The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 26.34 and a beta of 1.31. The stock’s 50-day moving average is $127.71 and its 200-day moving average is $97.72.

Insider Buying and Selling

In related news, COO Matthew J. Simmes sold 14,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $170.52, for a total transaction of $2,387,280.00. Following the sale, the chief operating officer now directly owns 73,110 shares in the company, valued at approximately $12,466,717.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other IES news, COO Matthew J. Simmes sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $170.52, for a total transaction of $2,387,280.00. Following the completion of the sale, the chief operating officer now owns 73,110 shares in the company, valued at approximately $12,466,717.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Matthew J. Simmes sold 4,000 shares of IES stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $102.04, for a total transaction of $408,160.00. Following the completion of the sale, the chief operating officer now owns 87,110 shares of the company’s stock, valued at approximately $8,888,704.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,513 shares of company stock valued at $6,186,467. 59.19% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On IES

Several institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in IES by 12.4% during the 3rd quarter. FMR LLC now owns 1,106,623 shares of the technology company’s stock valued at $72,893,000 after purchasing an additional 121,978 shares during the period. Dimensional Fund Advisors LP grew its position in IES by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 728,832 shares of the technology company’s stock worth $57,739,000 after purchasing an additional 7,680 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of IES by 10.0% in the first quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock valued at $58,304,000 after purchasing an additional 43,634 shares during the period. Breach Inlet Capital Management LLC bought a new stake in shares of IES during the fourth quarter valued at approximately $10,239,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of IES by 12.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,243 shares of the technology company’s stock worth $6,911,000 after buying an additional 9,463 shares during the period. 86.60% of the stock is owned by institutional investors.

About IES

(Get Free Report)

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.

Further Reading

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