IES (NASDAQ:IESC) Sets New 52-Week High at $45.57

IES Holdings, Inc. (NASDAQ:IESC – Get Rating)’s share price reached a new 52-week high on Wednesday . The company traded as high as $45.57 and last traded at $45.00, with a volume of 6500 shares changing hands. The stock had previously closed at $44.89.

Wall Street Analyst Weigh In

IESC has been the subject of a number of recent research reports. TheStreet upgraded shares of IES from a “c+” rating to a “b-” rating in a research note on Wednesday, February 8th. StockNews.com upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 6th.

IES Price Performance

The business’s 50-day moving average price is $40.39 and its 200 day moving average price is $34.57. The stock has a market capitalization of $892.32 million, a PE ratio of 23.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.30 and a current ratio of 1.56.

IES (NASDAQ:IESC – Get Rating) last released its quarterly earnings results on Friday, February 3rd. The technology company reported $0.82 EPS for the quarter. The firm had revenue of $574.90 million during the quarter. IES had a net margin of 1.81% and a return on equity of 10.72%.

Insider Activity

In other news, CAO Alison M. Petersen sold 1,000 shares of the business’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $41.00, for a total transaction of $41,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,627 shares in the company, valued at approximately $517,707. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Alison M. Petersen sold 1,000 shares of the company’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $41.00, for a total value of $41,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,627 shares in the company, valued at $517,707. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David B. Gendell bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The stock was bought at an average price of $29.76 per share, with a total value of $44,640.00. Following the completion of the transaction, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $74,400. The disclosure for this purchase can be found here. Company insiders own 59.82% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming grew its position in IES by 3.2% in the fourth quarter. State of Wyoming now owns 69,395 shares of the technology company’s stock worth $2,468,000 after acquiring an additional 2,121 shares in the last quarter. CI Private Wealth LLC purchased a new position in IES in the fourth quarter worth $509,000. Jane Street Group LLC bought a new stake in IES in the fourth quarter worth $776,000. Millennium Management LLC lifted its stake in IES by 149.5% in the fourth quarter. Millennium Management LLC now owns 75,984 shares of the technology company’s stock worth $2,703,000 after purchasing an additional 45,534 shares during the last quarter. Finally, Morgan Stanley lifted its stake in IES by 72.3% in the fourth quarter. Morgan Stanley now owns 116,998 shares of the technology company’s stock worth $4,162,000 after purchasing an additional 49,113 shares during the last quarter. 85.86% of the stock is currently owned by hedge funds and other institutional investors.

IES Company Profile

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IES Holdings, Inc engages in the design and installation of electrical and technology systems and the provision of infrastructure products and services to end markets including data centers, residential housing, and commercial and industrial facilities. It operates through the following segments: Communications, Residential, Commercial and Industrial, and Infrastructure Solutions.