IES Holdings, Inc. (NASDAQ:IESC) CFO Tracy Mclauchlin Sells 5,000 Shares

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total value of $1,265,100.00. Following the sale, the chief financial officer now directly owns 71,177 shares in the company, valued at $18,009,204.54. This represents a 6.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

IES Price Performance

NASDAQ:IESC traded down $3.95 during mid-day trading on Friday, reaching $245.15. The stock had a trading volume of 97,846 shares, compared to its average volume of 138,757. IES Holdings, Inc. has a 12 month low of $76.26 and a 12 month high of $320.08. The stock has a market capitalization of $4.90 billion, a PE ratio of 25.19 and a beta of 1.45. The stock has a 50-day simple moving average of $250.08 and a two-hundred day simple moving average of $189.44.

Analysts Set New Price Targets

Separately, StockNews.com upgraded IES from a "hold" rating to a "buy" rating in a research report on Tuesday.

Institutional Investors Weigh In On IES

Hedge funds and other institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company's stock worth $37,000 after buying an additional 194 shares during the period. Quest Partners LLC lifted its holdings in shares of IES by 41.0% during the second quarter. Quest Partners LLC now owns 296 shares of the technology company's stock worth $41,000 after purchasing an additional 86 shares during the period. Gladius Capital Management LP acquired a new position in shares of IES during the third quarter worth $44,000. CWM LLC increased its holdings in IES by 252.7% in the second quarter. CWM LLC now owns 582 shares of the technology company's stock valued at $81,000 after purchasing an additional 417 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in IES in the second quarter valued at $170,000. Institutional investors own 86.60% of the company's stock.

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.

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