IES (NASDAQ:IESC) Trading Up 7% – Still a Buy?

IES Holdings, Inc. (NASDAQ:IESC)’s stock price shot up 7% during trading on Tuesday . The stock traded as high as $237.50 and last traded at $237.43. 29,342 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 140,442 shares. The stock had previously closed at $221.89.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded IES from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th.

IES Trading Up 3.8 %

The stock has a market cap of $4.61 billion, a P/E ratio of 23.28 and a beta of 1.52. The stock’s 50-day moving average is $249.40 and its 200-day moving average is $202.27.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the sale, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mary K. Newman sold 2,500 shares of the 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 of the company’s stock, valued at approximately $5,234,001.78. The trade was a 12.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,359 shares of company stock worth $7,341,029 over the last quarter. 59.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Gladius Capital Management LP acquired a new stake in shares of IES in the third quarter worth $44,000. Federated Hermes Inc. grew its position in IES by 258.7% during the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after buying an additional 194 shares in the last quarter. Quest Partners LLC increased its stake in IES by 41.0% during the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after acquiring an additional 86 shares during the period. City State Bank acquired a new position in IES in the 4th quarter valued at approximately $106,000. Finally, CWM LLC lifted its position in shares of IES by 17.2% in the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after acquiring an additional 100 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

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.