IES (NASDAQ:IESC) Sets New 52-Week High – What’s Next?

IES Holdings, Inc. (NASDAQ:IESC) shares hit a new 52-week high on Monday . The stock traded as high as $488.98 and last traded at $489.9550, with a volume of 52100 shares trading hands. The stock had previously closed at $455.88.

Analyst Upgrades and Downgrades

IESC has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. Loop Capital set a $458.00 price target on IES in a research note on Tuesday, February 3rd. Finally, Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IES has an average rating of “Buy” and a consensus target price of $458.00.

IES Trading Up 2.9%

The firm has a market capitalization of $10.25 billion, a P/E ratio of 30.60 and a beta of 1.72. The stock has a 50-day simple moving average of $432.33 and a two-hundred day simple moving average of $394.63.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 EPS for the quarter, missing the consensus estimate of $3.94 by ($0.23). The firm had revenue of $870.96 million for the quarter, compared to analysts’ expectations of $876.00 million. IES had a net margin of 9.70% and a return on equity of 35.62%.

Insider Buying and Selling at IES

In other news, CAO Mary K. Newman sold 2,000 shares of IES stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $477.86, for a total value of $955,720.00. Following the transaction, the chief accounting officer directly owned 21,843 shares in the company, valued at approximately $10,437,895.98. This trade represents a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $473.25, for a total transaction of $36,156,300.00. Following the sale, the chairman directly owned 10,595,320 shares of the company’s stock, valued at approximately $5,014,235,190. The trade was a 0.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 217,661 shares of company stock worth $96,387,385. 56.43% of the stock is currently owned by company insiders.

Institutional Trading of IES

Institutional investors have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC increased its holdings in IES by 85.0% in the second quarter. Orion Porfolio Solutions LLC now owns 5,649 shares of the technology company’s stock valued at $1,673,000 after buying an additional 2,596 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of IES during the 2nd quarter valued at about $291,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of IES during the 2nd quarter valued at about $243,000. Arrowstreet Capital Limited Partnership increased its stake in shares of IES by 50.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 110,313 shares of the technology company’s stock valued at $32,678,000 after purchasing an additional 36,845 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in IES by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 263,993 shares of the technology company’s stock worth $78,210,000 after purchasing an additional 12,026 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Company Profile

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.