IES (NASDAQ:IESC) Reaches New 52-Week High at $174.81

Shares of IES Holdings, Inc. (NASDAQ:IESC) reached a new 52-week high on Monday . The company traded as high as $174.81 and last traded at $170.59, with a volume of 118852 shares trading hands. The stock had previously closed at $161.39.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

IES Price Performance

The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 25.79 and a beta of 1.31. The firm has a 50-day moving average price of $121.55 and a two-hundred day moving average price of $93.80.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 11,500 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $91.23, for a total value of $1,049,145.00. Following the completion of the transaction, the chief executive officer now directly owns 11,456,715 shares of the company’s stock, valued at $1,045,196,109.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jeffrey L. Et Al Gendell sold 28,171 shares of IES stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $93.27, for a total transaction of $2,627,509.17. Following the completion of the sale, the chief executive officer now directly owns 11,428,544 shares of the company’s stock, valued at approximately $1,065,940,298.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 11,500 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $91.23, for a total value of $1,049,145.00. Following the completion of the transaction, the chief executive officer now directly owns 11,456,715 shares in the company, valued at $1,045,196,109.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,184 shares of company stock valued at $7,475,841. Insiders own 59.19% of the company’s stock.

Institutional Investors Weigh In On IES

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its holdings in IES by 1,078.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 589 shares of the technology company’s stock valued at $39,000 after purchasing an additional 539 shares during the period. Acadian Asset Management LLC bought a new stake in shares of IES in the third quarter valued at approximately $41,000. Sunbelt Securities Inc. acquired a new stake in IES during the first quarter worth approximately $48,000. Quest Partners LLC bought a new position in IES during the 4th quarter worth $134,000. Finally, Susquehanna Portfolio Strategies LLC acquired a new position in IES in the 1st quarter valued at $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.