Overview
Director Todd M. Cleveland of IES Holdings, Inc. (NASDAQ: IESC) completed sales of 4,896 shares of the company’s common stock between February 24 and February 26, 2026, generating approximately $2.5 million in proceeds. Transaction prices ranged from $510.26 to $521.00. These insider sales occurred while IESC shares were trading at $515.05, a level that represents a 177% gain over the last 12 months.
Transaction details
The disposition was executed across three days and multiple price points. On February 24, Cleveland sold 181 shares at $520.25 apiece. On February 25, the filings report sales of 2,144 shares in the $510.00 to $510.99 range, 600 shares between $511.00 and $511.80, and 375 shares at $521.00. On February 26, Cleveland sold 714 shares in a $510.00 to $510.97 band, 586 shares within $511.00 to $511.25, 100 shares at $512.00, and 300 shares in the $513.64 to $513.84 range. After these transactions, Cleveland directly holds 80,817 shares of IES Holdings.
Valuation and analyst context
At current prices, InvestingPro analysis identifies IESC as carrying a price-to-earnings ratio of 29.94 and notes the stock appears overvalued at these levels. The platform additionally assigns IES Holdings a "GREAT" financial health score and lists 13 supplementary InvestingPro Tips for users seeking a deeper look at the company’s metrics.
Recent corporate results and analyst action
In its latest reporting, IES Holdings disclosed fiscal first-quarter 2026 results that fell short of analyst expectations on the earnings line, even as revenue outperformed forecasts. In response to company performance and outlook, Freedom Capital Markets raised its price target on IES Holdings from $440 to $458 and maintained a Buy rating, citing an improving position in non-residential segments.
Governance and shareholder votes
IES Holdings also completed its 2026 Annual Stockholders Meeting. Shareholders elected all company nominees to the board of directors and ratified the engagement of Ernst & Young LLP as the company’s independent public accountants for the fiscal year ending September 30, 2026. In addition, shareholders approved, on an advisory basis, the compensation of the company’s named executive officers.
What this reflects
The disclosed insider sale, contemporaneous valuation commentary and mixed quarterly results paint a multifaceted picture of IES Holdings’ current profile: a stock that has posted outsized calendar returns over 12 months, a valuation flagged as rich by InvestingPro metrics, recent revenue strength alongside an earnings shortfall, and continued institutional endorsement via an upgraded price target from Freedom Capital Markets.