IES (NASDAQ:IESC) Rating Lowered to “Buy” at Wall Street Zen

IES (NASDAQ:IESC) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

A number of other equities analysts also recently weighed in on the company. Loop Capital set a $458.00 target price on IES in a report on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IES presently has an average rating of “Buy” and a consensus price target of $458.00.

IES Stock Performance

NASDAQ IESC opened at $455.88 on Friday. The firm’s 50 day moving average price is $427.07 and its two-hundred day moving average price is $390.61. IES has a twelve month low of $146.51 and a twelve month high of $488.62. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 27.12 and a beta of 1.72.

IES (NASDAQ:IESC) last issued its 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 business had revenue of $870.96 million during the quarter, compared to analyst estimates of $876.00 million. IES had a return on equity of 35.62% and a net margin of 9.70%.

Insider Buying and Selling at IES

In other news, CAO Mary K. Newman sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 21,843 shares of the company’s stock, valued at approximately $10,437,895.98. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David B. Gendell sold 17,867 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $452.20, for a total transaction of $8,079,457.40. Following the completion of the sale, the director directly owned 70,669 shares of the company’s stock, valued at approximately $31,956,521.80. This trade represents a 20.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 217,661 shares of company stock worth $96,387,385 in the last quarter. 56.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On IES

Several hedge funds have recently made changes to their positions in IESC. Blue Trust Inc. grew its holdings in shares of IES by 7.5% during the 4th quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock worth $156,000 after purchasing an additional 28 shares in the last quarter. GAMMA Investing LLC lifted its position in IES by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock worth $95,000 after purchasing an additional 31 shares during the period. Comerica Bank boosted its stake in IES by 11.8% during the fourth quarter. Comerica Bank now owns 418 shares of the technology company’s stock worth $162,000 after buying an additional 44 shares in the last quarter. Global Retirement Partners LLC increased its holdings in IES by 59.0% in the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after buying an additional 46 shares during the period. Finally, F m Investments LLC raised its stake in shares of IES by 0.3% in 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 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.