IES Holdings Inc (NASDAQ:IESC) CEO Purchases $25,350.00 in Stock

IES Holdings Inc (NASDAQ:IESC) CEO Gary S. Matthews acquired 1,500 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of $16.90 per share, for a total transaction of $25,350.00. Following the completion of the purchase, the chief executive officer now directly owns 261,500 shares in the company, valued at $4,419,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of IES stock traded up $0.39 on Friday, hitting $18.85. The company had a trading volume of 26,467 shares, compared to its average volume of 24,868. The firm has a market capitalization of $402.79 million, a PE ratio of 11.02 and a beta of 0.60. IES Holdings Inc has a 1 year low of $14.61 and a 1 year high of $20.25. The stock’s 50 day simple moving average is $18.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.62 and a quick ratio of 1.47.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Monday, May 6th. The technology company reported $0.38 EPS for the quarter. The firm had revenue of $256.90 million during the quarter. IES had a return on equity of 15.92% and a net margin of 2.63%.

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of IES by 48.3% in the fourth quarter. Bank of America Corp DE now owns 6,362 shares of the technology company’s stock valued at $99,000 after acquiring an additional 2,071 shares in the last quarter. Rhumbline Advisers bought a new position in shares of IES in the fourth quarter valued at approximately $209,000. O Shaughnessy Asset Management LLC grew its holdings in IES by 156.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,743 shares of the technology company’s stock valued at $280,000 after purchasing an additional 9,603 shares during the period. Deutsche Bank AG grew its holdings in IES by 7.1% during the fourth quarter. Deutsche Bank AG now owns 18,441 shares of the technology company’s stock valued at $284,000 after purchasing an additional 1,221 shares during the period. Finally, Strs Ohio grew its holdings in IES by 22.3% during the fourth quarter. Strs Ohio now owns 20,009 shares of the technology company’s stock valued at $311,000 after purchasing an additional 3,645 shares during the period. 77.54% of the stock is owned by institutional investors.

Separately, BidaskClub downgraded IES from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

IES Company Profile

IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses 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.

Recommended Story: What is a balanced fund?

Receive News & Ratings for IES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IES and related companies with MarketBeat.com's FREE daily email newsletter.