IES (NASDAQ:IESC) Trading Up 7.8%

IES Holdings, Inc. (NASDAQ:IESC) was up 7.8% during mid-day trading on Thursday . The company traded as high as $178.96 and last traded at $178.43. Approximately 72,136 shares traded hands during trading, a decline of 46% from the average daily volume of 134,797 shares. The stock had previously closed at $165.55.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th.

IES Stock Up 0.1 %

The business’s 50-day simple moving average is $162.17 and its 200-day simple moving average is $144.47. The stock has a market cap of $3.72 billion, a PE ratio of 27.74 and a beta of 1.38.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, August 2nd. The technology company reported $2.67 earnings per share (EPS) for the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%. The company had revenue of $768.40 million for the quarter.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total transaction of $8,152,242.38. Following the transaction, the chief executive officer now owns 11,134,087 shares in the company, valued at $1,788,245,713.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director David B. Gendell sold 10,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $187.26, for a total transaction of $1,872,600.00. Following the sale, the director now owns 127,976 shares of the company’s stock, valued at $23,964,785.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $160.61, for a total transaction of $8,152,242.38. Following the sale, the chief executive officer now directly owns 11,134,087 shares in the company, valued at approximately $1,788,245,713.07. The disclosure for this sale can be found here. Insiders have sold 160,966 shares of company stock worth $26,003,099 over the last 90 days. 59.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On IES

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of IES by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 728,832 shares of the technology company’s stock worth $57,739,000 after buying an additional 7,680 shares in the last quarter. Vanguard Group Inc. lifted its position in IES by 10.0% during the first quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock valued at $58,304,000 after purchasing an additional 43,634 shares during the period. Renaissance Technologies LLC increased its holdings in IES by 2.8% during the second quarter. Renaissance Technologies LLC now owns 186,532 shares of the technology company’s stock valued at $25,990,000 after buying an additional 5,100 shares during the last quarter. Breach Inlet Capital Management LLC purchased a new stake in IES during the fourth quarter valued at approximately $10,239,000. Finally, Assenagon Asset Management S.A. increased its holdings in IES by 12.5% during the second quarter. Assenagon Asset Management S.A. now owns 89,330 shares of the technology company’s stock valued at $12,446,000 after buying an additional 9,942 shares during the last quarter. 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.