IES (NASDAQ:IESC) Sets New 12-Month High – Time to Buy?

IES Holdings, Inc. (NASDAQ:IESC)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $780.00 and last traded at $747.49, with a volume of 448093 shares traded. The stock had previously closed at $710.54.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Freedom Capital lowered shares of IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $458.00.

IES Trading Up 5.2%

The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 39.87 and a beta of 1.78. The business has a 50-day moving average price of $662.51 and a two-hundred day moving average price of $528.70.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.95 by $0.21. The business had revenue of $974.20 million during the quarter, compared to analyst estimates of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Insider Buying and Selling at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of IES stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $756.47, for a total value of $35,342,278.40. Following the sale, the chairman directly owned 10,406,559 shares in the company, valued at $7,872,249,686.73. This trade represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Todd M. Cleveland sold 5,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $761.89, for a total transaction of $3,809,450.00. Following the completion of the transaction, the director owned 60,874 shares of the company’s stock, valued at approximately $46,379,291.86. This trade represents a 7.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 208,102 shares of company stock worth $146,518,202. 56.43% of the stock is owned by insiders.

Institutional Investors Weigh In On IES

A number of hedge funds have recently made changes to their positions in IESC. AltraVue Capital LLC increased its position in IES by 2.1% in the 3rd quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock valued at $66,116,000 after acquiring an additional 3,370 shares during the period. Dakota Wealth Management bought a new stake in IES during the 4th quarter valued at $1,018,000. First Trust Advisors LP boosted its position in IES by 982.7% during the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after acquiring an additional 293,977 shares during the period. Pertento Partners LLP boosted its position in IES by 12.9% during the 3rd quarter. Pertento Partners LLP now owns 178,768 shares of the technology company’s stock worth $71,087,000 after acquiring an additional 20,390 shares during the period. Finally, Arete Wealth Advisors LLC grew its stake in shares of IES by 260.1% in the third quarter. Arete Wealth Advisors LLC now owns 5,254 shares of the technology company’s stock worth $2,089,000 after purchasing an additional 3,795 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

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.