IES (NASDAQ:IESC) Hits New 12-Month High at $139.46

IES Holdings, Inc. (NASDAQ:IESC)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $139.46 and last traded at $137.30, with a volume of 60020 shares. The stock had previously closed at $134.98.

IES Stock Up 3.3 %

The company has a 50-day moving average of $117.30 and a 200 day moving average of $90.87. The firm has a market capitalization of $2.77 billion, a PE ratio of 25.50 and a beta of 1.31.

IES (NASDAQ:IESC) last posted its earnings results on Friday, February 2nd. The technology company reported $1.87 EPS for the quarter. IES had a return on equity of 26.83% and a net margin of 4.41%. The business had revenue of $634.40 million during the quarter.

Insider Activity

In other news, COO Matthew J. Simmes sold 4,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $102.04, for a total value of $408,160.00. Following the completion of the sale, the chief operating officer now owns 87,110 shares of the company’s stock, valued at approximately $8,888,704.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other IES news, COO Matthew J. Simmes sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $102.04, for a total transaction of $408,160.00. Following the completion of the transaction, the chief operating officer now owns 87,110 shares of the company’s stock, valued at approximately $8,888,704.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 28,171 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $93.27, for a total value of $2,627,509.17. Following the transaction, the chief executive officer now directly owns 11,428,544 shares of the company’s stock, valued at approximately $1,065,940,298.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,294 shares of company stock valued at $11,283,205. Insiders own 59.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in shares of IES by 1,078.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 589 shares of the technology company’s stock worth $39,000 after acquiring an additional 539 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of IES in the 3rd quarter worth approximately $41,000. Sunbelt Securities Inc. bought a new position in shares of IES in the 1st quarter worth approximately $48,000. Quest Partners LLC bought a new position in shares of IES in the 4th quarter worth approximately $134,000. Finally, SG Americas Securities LLC bought a new position in shares of IES in the 4th quarter worth approximately $208,000. Institutional investors own 86.60% of the company’s stock.

IES Company Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.