IES Holdings Inc President and COO Matthew Simmes Sells 4,000 Shares
Matthew Simmes, President and Chief Operating Officer of IES Holdings Inc (NASDAQ:IESC), sold 4,000 shares of the company on March 14, 2024, according to a recent SEC filing. The transaction was executed at a price of $102.04 per share, resulting in a total sale amount of $408,160.
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 design, construction, and maintenance.
Over the past year, the insider has sold a total of 6,000 shares of IES Holdings Inc and has not made any purchases of the stock. The recent sale by Matthew Simmes follows a pattern observed over the last year, where there have been no insider buys and 20 insider sells within the company.
On the day of the sale, IES Holdings Inc had a market capitalization of $2.067 billion, with the stock trading at $102.04. The company's price-earnings ratio stood at 19.43, which is above the industry median of 15.34 and also higher than the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.52, with a GF Value of $67.20, indicating that IES Holdings Inc was significantly overvalued according to GuruFocus's valuation metrics.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on 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.
