IES (NASDAQ:IESC) Reaches New 52-Week High – Still a Buy?

IES Holdings, Inc. (NASDAQ:IESC) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $320.09 and last traded at $317.84, with a volume of 49725 shares changing hands. The stock had previously closed at $309.86.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered IES from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

IES Stock Performance

The company has a market capitalization of $6.02 billion, a P/E ratio of 32.20 and a beta of 1.37. The firm has a 50 day moving average price of $236.46 and a two-hundred day moving average price of $182.78.

Insider Activity

In other news, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the transaction, the vice president now directly owns 18,286 shares of the company’s stock, valued at $5,234,001.78. The trade was a 12.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $158.29, for a total value of $7,575,917.69. Following the completion of the transaction, the chief executive officer now directly owns 11,036,984 shares in the company, valued at $1,747,044,197.36. The trade was a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,708 shares of company stock worth $15,810,182. Company insiders own 59.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC boosted its holdings in shares of IES by 41.0% in the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock worth $41,000 after acquiring an additional 86 shares in the last quarter. Andina Capital Management LLC lifted its holdings in IES by 4.0% during the 3rd quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company’s stock worth $498,000 after buying an additional 96 shares in the last quarter. CWM LLC lifted its holdings in IES by 17.2% during the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after buying an additional 100 shares in the last quarter. Ellsworth Advisors LLC lifted its holdings in IES by 2.7% during the 2nd quarter. Ellsworth Advisors LLC now owns 5,806 shares of the technology company’s stock worth $809,000 after buying an additional 151 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of IES by 2.2% in the 2nd quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company’s stock valued at $1,211,000 after purchasing an additional 190 shares during the period. 86.60% of the stock is 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.