IES (NASDAQ:IESC) Trading 7.2% Higher

IES Holdings, Inc. (NASDAQ:IESC) shot up 7.2% during mid-day trading on Friday . The company traded as high as $144.89 and last traded at $144.02. 77,198 shares were traded during mid-day trading, a decline of 41% from the average session volume of 130,720 shares. The stock had previously closed at $134.29.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 18th.

IES Price Performance

The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 21.65 and a beta of 1.36. The stock’s 50 day simple moving average is $144.25 and its 200-day simple moving average is $123.47.

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

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $130.03, for a total transaction of $5,779,703.47. Following the transaction, the chief executive officer now owns 11,233,970 shares of the company’s stock, valued at $1,460,753,119.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other IES news, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of IES stock in a transaction on Monday, June 10th. The shares were sold at an average price of $130.03, for a total transaction of $5,779,703.47. Following the sale, the chief executive officer now owns 11,233,970 shares in the company, valued at $1,460,753,119.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey L. Et Al Gendell sold 25,000 shares of IES stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $133.18, for a total transaction of $3,329,500.00. Following the sale, the chief executive officer now owns 11,184,845 shares in the company, valued at approximately $1,489,597,657.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,757 shares of company stock valued at $18,360,416. 59.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On IES

Institutional investors and hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in shares of IES in the 1st quarter valued at $48,000. Contravisory Investment Management Inc. acquired a new stake in shares of IES in the 2nd quarter valued at $48,000. CWM LLC boosted its stake in shares of IES by 252.7% in the 2nd quarter. CWM LLC now owns 582 shares of the technology company’s stock valued at $81,000 after purchasing an additional 417 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of IES by 217.0% in the 1st quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock valued at $130,000 after purchasing an additional 729 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of IES in the 4th quarter valued at $134,000. Institutional investors and hedge funds 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.