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

IES Holdings, Inc. (NASDAQ:IESC) VP Mary K. Newman sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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 company’s 50-day moving average price is $236.46 and its 200-day moving average price is $182.60. The stock has a market cap of $6.19 billion, a PE ratio of 31.33 and a beta of 1.37.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded IES from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Hedge Funds Weigh In On IES

Hedge funds have recently added to or reduced their stakes in the stock. Summit Partners Public Asset Management LLC raised its stake in shares of IES by 165.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock valued at $23,842,000 after acquiring an additional 74,438 shares in the last quarter. Franklin Resources Inc. increased its holdings in IES by 79.3% during the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after purchasing an additional 68,750 shares during the period. Hennessy Advisors Inc. bought a new stake in IES during the 2nd quarter valued at $9,558,000. FMR LLC lifted its holdings in shares of IES by 4.6% in the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after buying an additional 65,145 shares during the period. Finally, F M Investments LLC bought a new position in shares of IES during the 3rd quarter worth $10,887,000. 86.60% of the stock is currently owned by institutional investors.

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.