IES (NASDAQ:IESC) Trading 7% Higher – Should You Buy?

Shares of IES Holdings, Inc. (NASDAQ:IESC) traded up 7% during mid-day trading on Tuesday . The company traded as high as $237.50 and last traded at $237.43. 29,342 shares changed hands during trading, a decline of 79% from the average session volume of 140,442 shares. The stock had previously closed at $221.89.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th.

IES Price Performance

The firm has a market cap of $5.11 billion, a P/E ratio of 25.83 and a beta of 1.52. The company’s 50 day moving average is $249.17 and its two-hundred day moving average is $203.36.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the transaction, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $253.02, for a total value of $1,265,100.00. Following the sale, the chief financial officer now directly owns 71,177 shares in the company, valued at $18,009,204.54. The trade was a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock valued at $7,341,029 over the last ninety days. 56.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers grew its holdings in shares of IES by 1.6% in the 2nd quarter. Rhumbline Advisers now owns 12,400 shares of the technology company’s stock worth $1,728,000 after purchasing an additional 197 shares during the last quarter. Victory Capital Management Inc. grew its stake in IES by 106.9% during the second quarter. Victory Capital Management Inc. now owns 10,014 shares of the technology company’s stock worth $1,395,000 after buying an additional 5,173 shares during the last quarter. Arizona State Retirement System grew its stake in IES by 14.6% during the second quarter. Arizona State Retirement System now owns 2,546 shares of the technology company’s stock worth $355,000 after buying an additional 324 shares during the last quarter. Quest Partners LLC increased its holdings in shares of IES by 41.0% during the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock worth $41,000 after buying an additional 86 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of IES by 57.9% in the second quarter. American Century Companies Inc. now owns 55,167 shares of the technology company’s stock valued at $7,686,000 after acquiring an additional 20,240 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 engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.