IES (NASDAQ:IESC) Reaches New 1-Year High – Here’s Why

Shares of IES Holdings, Inc. (NASDAQ:IESC) reached a new 52-week high on Friday . The stock traded as high as $413.68 and last traded at $415.59, with a volume of 36268 shares. The stock had previously closed at $380.38.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of IES in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

IES Stock Performance

The business’s fifty day moving average is $372.71 and its two-hundred day moving average is $307.00. The stock has a market capitalization of $8.67 billion, a PE ratio of 33.38 and a beta of 1.70. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 0.03.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.55 by $0.40. IES had a net margin of 8.15% and a return on equity of 37.23%. The company had revenue of $890.20 million for the quarter, compared to the consensus estimate of $833.00 million.

Insider Activity at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of IES stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $373.92, for a total value of $20,752,560.00. Following the completion of the transaction, the chairman owned 10,801,028 shares in the company, valued at approximately $4,038,720,389.76. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 145,837 shares of company stock valued at $53,984,109. 56.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On IES

Institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC increased its position in shares of IES by 1,014.3% during the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in IES during the second quarter worth $25,000. Spire Wealth Management bought a new position in IES during the third quarter valued at $40,000. Nisa Investment Advisors LLC raised its stake in shares of IES by 841.7% in the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after acquiring an additional 101 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of IES in the 2nd quarter worth about $47,000. 86.60% of the stock is owned by institutional investors.

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.