IES (NASDAQ:IESC) Shares Cross Above 200-Day Moving Average – Time to Sell?

IES Holdings, Inc. (NASDAQ:IESC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $378.52 and traded as high as $463.75. IES shares last traded at $460.09, with a volume of 278,395 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IESC. Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 30th. Weiss Ratings restated a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

IES Stock Performance

The stock has a 50-day moving average of $411.58 and a two-hundred day moving average of $379.55. The company has a market cap of $9.15 billion, a P/E ratio of 30.48 and a beta of 1.73.

IES (NASDAQ:IESC) last released its earnings results on Friday, November 21st. The technology company reported $3.77 EPS for the quarter. The firm had revenue of $897.80 million for the quarter. IES had a return on equity of 38.61% and a net margin of 8.99%.

Insider Transactions at IES

In other news, CEO Matthew J. Simmes sold 10,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $406.96, for a total transaction of $4,069,600.00. Following the sale, the chief executive officer owned 98,575 shares in the company, valued at $40,116,082. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of IES stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $473.25, for a total value of $36,156,300.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 217,661 shares of company stock valued at $96,387,385. 56.43% of the stock is currently owned by insiders.

Institutional Trading of IES

A number of institutional investors have recently made changes to their positions in IESC. Blue Trust Inc. raised its holdings in shares of IES by 7.5% during the fourth quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock valued at $156,000 after purchasing an additional 28 shares during the last quarter. GAMMA Investing LLC raised its stake in IES by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock valued at $95,000 after buying an additional 31 shares during the last quarter. F m Investments LLC lifted its holdings in shares of IES by 0.3% during the 2nd quarter. F m Investments LLC now owns 16,235 shares of the technology company’s stock valued at $4,809,000 after buying an additional 51 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of IES by 1.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company’s stock worth $1,468,000 after acquiring an additional 51 shares during the period. Finally, SBI Securities Co. Ltd. lifted its holdings in IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

About IES

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.