Tracy Mclauchlin, Senior Vice President, Chief Financial Officer and Treasurer of IES Holdings Inc (NASDAQ:IESC), sold 5,000 shares of the company’s stock on August 15, 2024. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 64,377 shares of IES Holdings Inc.

IES Holdings Inc., trading under the symbol IESC, operates in the technology sector and provides communications and infrastructure solutions. The company’s services include design and installation of various network systems, including electrical and communications contracting solutions.

On the day of the sale, IES Holdings Inc.’s share price was $176.73. This price gives the company a market capitalization of approximately $3.414 billion. The company’s price-to-earnings ratio is 20.13, which is higher than the industry average of 14.82.

IES Holdings Inc.’s GF Value is calculated at $75.04, which translates to a Price to GF Value ratio of 2.36, suggesting that the stock is significantly overvalued compared to its intrinsic value estimated by GuruFocus.

Over the past year, Tracy Mclauchlin has sold a total of 10,000 shares and made no purchases. The overall trend of insider transactions at IES Holdings Inc. shows a pattern of 23 insider sales and no insider purchases during the same period.

These insider activities may be of interest to investors and analysts who monitor insider behavior and its correlation with the company’s stock performance and valuation metrics.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.