IES Holdings, Inc. (NASDAQ:IESC – Get Free Report) VP Mary K. Newman sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total value of $715,575.00. Following the sale, the vice president now directly owns 18,286 shares of the company’s stock, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
IES Trading Up 8.0 %
NASDAQ:IESC opened at $309.86 on Friday. IES Holdings, Inc. has a 12 month low of $68.78 and a 12 month high of $318.99. The firm’s 50 day moving average is $233.94 and its 200 day moving average is $181.58. The stock has a market capitalization of $6.19 billion, a PE ratio of 31.40 and a beta of 1.37.
IES announced that its Board of Directors has initiated a stock buyback plan on Friday, August 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
Institutional Inflows and Outflows
Analyst Ratings Changes
Separately, StockNews.com lowered shares of IES from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.
View Our Latest Analysis on IESC
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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