IES (NASDAQ:IESC) Stock Price Up 3.4%

IES Holdings, Inc. (NASDAQ:IESC)’s share price rose 3.4% during trading on Friday . The company traded as high as $142.74 and last traded at $142.23. Approximately 8,597 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 125,481 shares. The stock had previously closed at $137.49.

Analysts Set New Price Targets

Separately, StockNews.com raised IES from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 22nd.

IES Stock Performance

The firm has a market cap of $2.79 billion, a P/E ratio of 20.74 and a beta of 1.36. The stock has a fifty day simple moving average of $145.51 and a 200 day simple moving average of $114.46.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, May 3rd. The technology company reported $2.29 EPS for the quarter. IES had a return on equity of 30.22% and a net margin of 5.27%. The company had revenue of $705.80 million during the quarter.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $160.50, for a total value of $521,785.50. Following the transaction, the chief executive officer now directly owns 11,406,594 shares in the company, valued at $1,830,758,337. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $160.50, for a total value of $521,785.50. Following the sale, the chief executive officer now directly owns 11,406,594 shares in the company, valued at $1,830,758,337. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Matthew J. Simmes sold 14,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $170.52, for a total value of $2,387,280.00. Following the completion of the sale, the chief operating officer now owns 73,110 shares in the company, valued at $12,466,717.20. The disclosure for this sale can be found here. Insiders have sold 133,757 shares of company stock worth $18,360,416 over the last ninety days. Corporate insiders own 59.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in IES in the third quarter valued at approximately $41,000. Sunbelt Securities Inc. acquired a new position in IES in the first quarter valued at approximately $48,000. EntryPoint Capital LLC lifted its holdings in IES by 217.0% in the first quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock valued at $130,000 after acquiring an additional 729 shares during the last quarter. Quest Partners LLC acquired a new position in IES in the fourth quarter valued at approximately $134,000. Finally, Susquehanna Portfolio Strategies LLC acquired a new position in IES in the first quarter valued at approximately $207,000. Institutional investors own 86.60% of the company’s stock.

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.