IES (NASDAQ:IESC) Shares Gap Down to $71.74

IES Holdings, Inc. (NASDAQ:IESC)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $71.74, but opened at $69.53. IES shares last traded at $69.32, with a volume of 853 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on IES in a research note on Thursday, August 17th. They issued a “strong-buy” rating for the company.

IES Price Performance

The firm has a market cap of $1.42 billion, a PE ratio of 19.23 and a beta of 1.23. The business’s fifty day moving average is $65.26 and its 200-day moving average is $53.20.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Friday, August 4th. The technology company reported $1.08 earnings per share (EPS) for the quarter. The company had revenue of $584.40 million during the quarter. IES had a net margin of 3.19% and a return on equity of 20.69%.

Insider Activity at IES

In other IES news, COO Matthew J. Simmes sold 2,000 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $53.76, for a total transaction of $107,520.00. Following the completion of the transaction, the chief operating officer now owns 66,919 shares in the company, valued at $3,597,565.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 59.82% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can lifted its holdings in shares of IES by 209.0% in the first quarter. Great West Life Assurance Co. Can now owns 655 shares of the technology company’s stock worth $28,000 after buying an additional 443 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in IES by 49.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 547 shares of the technology company’s stock worth $31,000 after purchasing an additional 180 shares in the last quarter. New York State Teachers Retirement System bought a new position in IES in the 2nd quarter valued at $35,000. Royal Bank of Canada grew its position in shares of IES by 20.8% during the 2nd quarter. Royal Bank of Canada now owns 946 shares of the technology company’s stock valued at $54,000 after purchasing an additional 163 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of IES by 172.9% in the third quarter. UBS Group AG now owns 2,000 shares of the technology company’s stock worth $55,000 after purchasing an additional 1,267 shares during the period. Institutional investors own 86.60% of the company’s stock.

About IES

IES Holdings, Inc designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.