StockNews.com lowered shares of IES (NASDAQ:IESC – Free Report) from a strong-buy rating to a buy rating in a report published on Tuesday.
IES Stock Performance
IESC opened at $170.96 on Tuesday. The company has a fifty day moving average price of $121.55 and a two-hundred day moving average price of $93.80. The firm has a market capitalization of $3.46 billion, a PE ratio of 25.79 and a beta of 1.31. IES has a 52 week low of $43.20 and a 52 week high of $174.81.
Insider Buying and Selling
In other IES news, COO Matthew J. Simmes sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $102.04, for a total transaction of $408,160.00. Following the transaction, the chief operating officer now owns 87,110 shares in the company, valued at $8,888,704.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In other IES news, COO Matthew J. Simmes sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $102.04, for a total value 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 $8,888,704.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $115.14, for a total transaction of $575,700.00. Following the transaction, the chief financial officer now directly owns 69,377 shares in the company, valued at $7,988,067.78. The disclosure for this sale can be found here. Insiders sold a total of 73,184 shares of company stock valued at $7,475,841 over the last three months. Company insiders own 59.19% of the company’s stock.
Institutional Investors Weigh In On IES
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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