IES Holdings, Inc. (NASDAQ:IESC) VP Sells $715,575.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) VP Mary K. Newman sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total transaction of $715,575.00. Following the sale, the vice president now directly owns 18,286 shares of the company’s stock, valued at $5,234,001.78. This represents a 12.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

IES Trading Up 8.0 %

IESC opened at $309.86 on Monday. The company’s 50 day moving average is $236.46 and its 200-day moving average is $182.72. IES Holdings, Inc. has a 1-year low of $68.78 and a 1-year high of $318.99. The company has a market cap of $6.19 billion, a P/E ratio of 31.33 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of IES from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th.

Institutional Investors Weigh In On IES

A number of hedge funds have recently made changes to their positions in IESC. Federated Hermes Inc. boosted its stake in shares of IES by 258.7% in the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after purchasing an additional 194 shares in the last quarter. Quest Partners LLC boosted its stake in shares of IES by 41.0% in the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after purchasing an additional 86 shares in the last quarter. Gladius Capital Management LP bought a new position in IES in the 3rd quarter valued at approximately $44,000. Contravisory Investment Management Inc. bought a new position in IES in the 2nd quarter valued at approximately $48,000. Finally, CWM LLC raised its holdings in IES by 252.7% in the 2nd quarter. CWM LLC now owns 582 shares of the technology company’s stock valued at $81,000 after buying an additional 417 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

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.