IES (NASDAQ:IESC) Sets New 12-Month High – Here’s What Happened

IES Holdings, Inc. (NASDAQ:IESC)’s stock price hit a new 52-week high on Monday . The stock traded as high as $320.09 and last traded at $317.84, with a volume of 49725 shares changing hands. The stock had previously closed at $309.86.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of IES from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

IES Price Performance

The business has a fifty day moving average price of $238.65 and a 200 day moving average price of $183.73. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 29.91 and a beta of 1.45.

Insiders Place Their Bets

In other IES news, Director Todd M. Cleveland sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $153.57, for a total value of $1,535,700.00. Following the sale, the director now directly owns 104,654 shares in the company, valued at approximately $16,071,714.78. The trade was a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total transaction of $715,575.00. Following the completion of the sale, the vice president now owns 18,286 shares in the company, valued at $5,234,001.78. The trade was a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,708 shares of company stock worth $15,810,182. 59.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Federated Hermes Inc. boosted its stake in shares of IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after buying an additional 194 shares during the period. Quest Partners LLC increased its position in 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 during the last quarter. Gladius Capital Management LP bought a new position in shares of IES in the 3rd quarter valued at approximately $44,000. Contravisory Investment Management Inc. acquired a new stake in shares of IES in the second quarter worth $48,000. Finally, CWM LLC lifted its position in IES by 252.7% during the 2nd quarter. CWM LLC now owns 582 shares of the technology company’s stock worth $81,000 after acquiring an additional 417 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

About IES

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.