IES Holdings, Inc. (NASDAQ:IESC) President and Chief Operating Officer Matthew J. Simmes has sold a total of $408,160 worth of company stock, according to a recent SEC filing. The transactions occurred on March 14, 2024, and involved sales of shares at prices that ranged from $101.96 to $102.76.
The SEC filing revealed that Simmes sold shares in two separate transactions. In the first transaction, shares were sold at a weighted average price of $101.96, with the actual sale prices varying from $101.47 to $102.27. The second transaction had shares sold at a weighted average price of $102.76, with individual sales prices ranging between $102.495 and $102.89. The sales were made in multiple transactions within these price ranges.
Following these transactions, Simmes still holds a substantial amount of IES Holdings stock, with ownership of 87,110 shares after the sales. The recent sell-off by the President and COO is part of the routine disclosures that corporate executives are required to make when they buy or sell shares in their own companies.
Investors often monitor these filings to gain insight into the behavior of a company's insiders, as their trading patterns can sometimes provide valuable clues about the company's performance and prospects. However, it's important to note that insider transactions can be motivated by a variety of personal financial considerations and do not always indicate a change in the company's outlook.
IES Holdings, Inc., based in Houston, Texas, operates in the electrical services industry and is known for providing a range of services including design, installation, and maintenance of electrical and technology systems. The company has undergone name changes in the past and has been known as Integrated Electrical Services, Inc. before adopting its current name.
For those interested in the detailed figures of the executive's transactions, the SEC's Form 4 filing is publicly available and provides full disclosure of the trades, including the number of shares sold and the prices at which they were sold.
InvestingPro Insights
Amidst the recent insider trading activity at IES Holdings, Inc. (NASDAQ:IESC), investors seeking deeper insights can turn to metrics and tips from InvestingPro for a broader financial perspective. Despite the President and COO's stock sell-off, IES Holdings displays a robust financial health with a market capitalization of $2.07 billion USD, indicating a significant presence in the electrical services industry.
From a valuation standpoint, the company's P/E ratio stands at 19.31, with a slight adjustment to 19.06 when considering the last twelve months as of Q1 2024. This P/E ratio is particularly noteworthy when paired with the company's near-term earnings growth, as it suggests that the stock is trading at a low price relative to its earnings potential—an InvestingPro Tip that could be a signal for value investors.
Additionally, the company's recent price dynamics show a 1-week price total return of -10.37%, which aligns with the InvestingPro Tip regarding the stock taking a significant hit over the last week. Yet, the longer-term outlook remains positive, with a strong return over the past year, as evidenced by a 142.89% 1-year price total return.
Investors interested in a comprehensive analysis will find additional InvestingPro Tips on IES Holdings, Inc., including insights on cash flow, liquidity, and long-term profitability. With 13 additional tips available on InvestingPro, users can gain a more nuanced understanding of the company's financial landscape. For those looking to access these valuable insights, InvestingPro offers a special promotion: use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
As IES Holdings continues to navigate the dynamic electrical services market, these InvestingPro metrics and tips provide a multifaceted view of the company's financial health and stock performance, which could be integral for investors making informed decisions.
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