IES (NASDAQ:IESC) Reaches New 12-Month High at $92.19

IES Holdings, Inc. (NASDAQ:IESCGet Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $92.19 and last traded at $91.55, with a volume of 37500 shares trading hands. The stock had previously closed at $90.24.

IES Stock Performance

The firm has a market capitalization of $1.85 billion, a P/E ratio of 17.41 and a beta of 1.28. The business has a 50 day simple moving average of $81.59 and a two-hundred day simple moving average of $71.96.

IES (NASDAQ:IESCGet Free Report) last announced its quarterly earnings data on Thursday, December 7th. The technology company reported $1.74 EPS for the quarter. The firm had revenue of $649.00 million for the quarter. IES had a return on equity of 26.83% and a net margin of 4.41%.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 13,774 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $82.16, for a total transaction of $1,131,671.84. Following the transaction, the chief executive officer now directly owns 11,607,661 shares in the company, valued at approximately $953,685,427.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Todd M. Cleveland sold 10,150 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $83.12, for a total transaction of $843,668.00. Following the completion of the sale, the director now directly owns 148,472 shares in the company, valued at approximately $12,340,992.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 13,774 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $82.16, for a total value of $1,131,671.84. Following the sale, the chief executive officer now owns 11,607,661 shares of the company’s stock, valued at $953,685,427.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,504 shares of company stock worth $10,382,430. 59.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On IES

Several institutional investors have recently bought and sold shares of IESC. FMR LLC boosted its holdings in IES by 12.4% during the 3rd quarter. FMR LLC now owns 1,106,623 shares of the technology company’s stock valued at $72,893,000 after acquiring an additional 121,978 shares during the period. Legato Capital Management LLC purchased a new stake in IES in the 2nd quarter worth approximately $5,433,000. Wells Fargo & Company MN lifted its holdings in IES by 4,466.0% in the 2nd quarter. Wells Fargo & Company MN now owns 73,422 shares of the technology company’s stock worth $4,176,000 after buying an additional 71,814 shares during the period. Morgan Stanley lifted its holdings in IES by 72.3% in the 4th quarter. Morgan Stanley now owns 116,998 shares of the technology company’s stock worth $4,162,000 after buying an additional 49,113 shares during the period. Finally, Millennium Management LLC lifted its holdings in IES by 149.5% in the 4th quarter. Millennium Management LLC now owns 75,984 shares of the technology company’s stock worth $2,703,000 after buying an additional 45,534 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Company Profile

(Get Free Report)

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.

Further Reading

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