StockNews.com lowered shares of IES (NASDAQ:IESC – Free Report) from a strong-buy rating to a buy rating in a report published on Wednesday.
IES Price Performance
Shares of IESC stock opened at $164.01 on Wednesday. IES has a one year low of $59.75 and a one year high of $184.38. The company has a market capitalization of $3.32 billion, a P/E ratio of 24.74 and a beta of 1.36. The company’s 50-day simple moving average is $143.01 and its two-hundred day simple moving average is $129.25.
IES (NASDAQ:IESC – Get Free Report) last posted its earnings results on Friday, August 2nd. The technology company reported $2.67 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 $768.40 million during the quarter.
Insiders Place Their Bets
Hedge Funds Weigh In On IES
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quest Partners LLC increased its holdings in IES by 41.0% in the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after buying an additional 86 shares during the last quarter. Ellsworth Advisors LLC increased its holdings in shares of IES by 2.7% in the 2nd quarter. Ellsworth Advisors LLC now owns 5,806 shares of the technology company’s stock valued at $809,000 after acquiring an additional 151 shares during the last quarter. Federated Hermes Inc. raised its position in shares of IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after acquiring an additional 194 shares in the last quarter. Rhumbline Advisers lifted its stake in IES by 1.6% during the second quarter. Rhumbline Advisers now owns 12,400 shares of the technology company’s stock worth $1,728,000 after purchasing an additional 197 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in IES by 11.5% in the second quarter. Ritholtz Wealth Management now owns 3,140 shares of the technology company’s stock valued at $437,000 after purchasing an additional 324 shares in 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.
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