IES Holdings Inc Director Todd Cleveland Sells 28,345 Shares
Director Todd Cleveland of IES Holdings Inc (NASDAQ:IESC) sold 28,345 shares of the company on March 7, 2024, according to a recent SEC filing.IES Holdings Inc is a holding company that owns and manages diverse operating subsidiaries, comprising providers of industrial infrastructure services to a variety of end markets. The company's services include electrical and mechanical solutions, staffing, and other infrastructure-related services.Over the past year, Todd Cleveland has sold a total of 44,650 shares of IES Holdings Inc and has not made any purchases of the stock. The insider transaction history for IES Holdings Inc shows a pattern of 18 insider sells and no insider buys over the past year.
On the day of the insider's recent sale, shares of IES Holdings Inc were trading at $114.63, giving the company a market capitalization of $2.328 billion. The price-earnings ratio of the stock is 21.89, which is above the industry median of 15.3 and also higher than the company's historical median price-earnings ratio.The stock's valuation, when compared to the GuruFocus Value (GF Value) of $66.92, indicates that IES Holdings Inc has a price-to-GF-Value ratio of 1.71, suggesting that the stock is Significantly Overvalued.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
