IES Holdings, Inc. (NASDAQ:IESC) VP Mary K. Newman Sells 2,500 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) 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

A number of institutional investors have recently made changes to their positions in IESC. Federated Hermes Inc. raised its stake in 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 acquiring an additional 194 shares during the period. Quest Partners LLC raised its position in shares of IES by 41.0% in the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after purchasing an additional 86 shares during the period. Gladius Capital Management LP purchased a new stake in shares of IES during the 3rd quarter valued at approximately $44,000. Contravisory Investment Management Inc. bought a new position in IES in the 2nd quarter worth approximately $48,000. Finally, CWM LLC grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

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.

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.