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

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

Analysts Set New Price Targets

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

IES Trading Up 5.2%

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

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

Insider Activity at IES

In other news, Director Todd M. Cleveland sold 5,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $761.89, for a total value of $3,809,450.00. Following the completion of the sale, the director owned 60,874 shares of the company’s stock, valued at approximately $46,379,291.86. The trade was a 7.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tracy Mclauchlin sold 3,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $662.61, for a total transaction of $1,987,830.00. Following the completion of the sale, the chief financial officer directly owned 62,525 shares of the company’s stock, valued at $41,429,690.25. The trade was a 4.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 208,102 shares of company stock valued at $146,518,202 over the last ninety days. Corporate insiders own 56.43% of the company’s stock.

Hedge Funds Weigh In On IES

A number of hedge funds have recently bought and sold shares of the company. Optiver Holding B.V. raised its stake in IES by 62.5% during the first quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock valued at $25,000 after buying an additional 20 shares in the last quarter. Parallel Advisors LLC grew its position in shares of IES by 121.4% in the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after acquiring an additional 34 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of IES in the 4th quarter worth approximately $38,000. Steward Partners Investment Advisory LLC increased its holdings in shares of IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after acquiring an additional 77 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of 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 acquiring an additional 46 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

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.