IES (NASDAQ:IESC) Stock Price Up 7.6%

IES Holdings, Inc. (NASDAQ:IESC)’s stock price shot up 7.6% during mid-day trading on Tuesday . The stock traded as high as $126.64 and last traded at $126.58. 78,332 shares were traded during trading, a decline of 21% from the average session volume of 99,556 shares. The stock had previously closed at $117.68.

IES Stock Performance

The company has a 50-day moving average price of $114.62 and a 200-day moving average price of $88.82. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 24.25 and a beta of 1.34.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, February 2nd. The technology company reported $1.87 earnings per share (EPS) for the quarter. The business had revenue of $634.40 million during the quarter. IES had a return on equity of 26.83% and a net margin of 4.41%.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 16,300 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $87.13, for a total value of $1,420,219.00. Following the completion of the sale, the chief executive officer now directly owns 11,503,933 shares of the company’s stock, valued at approximately $1,002,337,682.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other IES news, CEO Jeffrey L. Et Al Gendell sold 16,300 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $87.13, for a total transaction of $1,420,219.00. Following the completion of the sale, the chief executive officer now directly owns 11,503,933 shares of the company’s stock, valued at approximately $1,002,337,682.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $115.14, for a total value of $575,700.00. Following the sale, the chief financial officer now directly owns 69,377 shares of the company’s stock, valued at $7,988,067.78. The disclosure for this sale can be found here. Insiders sold a total of 116,294 shares of company stock valued at $11,283,205 in the last three months. 59.19% of the stock is currently owned by company insiders.

Institutional Trading of IES

Several institutional investors and hedge funds have recently added to or reduced their stakes in IESC. Breach Inlet Capital Management LLC purchased a new stake in IES during the 4th quarter valued at approximately $10,239,000. FMR LLC raised its stake in shares of IES by 12.4% during the 3rd quarter. FMR LLC now owns 1,106,623 shares of the technology company’s stock worth $72,893,000 after buying an additional 121,978 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of IES by 302.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 79,388 shares of the technology company’s stock worth $9,657,000 after buying an additional 59,643 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of IES during the 3rd quarter worth approximately $1,599,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of IES during the 1st quarter worth approximately $1,692,000. 86.60% of the stock is 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.