IES (NASDAQ:IESC) Stock Price Passes Above 200-Day Moving Average – Time to Sell?
by Sarita Garza · The Markets DailyIES Holdings, Inc. (NASDAQ:IESC – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $378.52 and traded as high as $463.75. IES shares last traded at $460.09, with a volume of 278,395 shares.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on IESC. Weiss Ratings restated a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.
Check Out Our Latest Analysis on IESC
IES Trading Up 6.3%
The stock has a market capitalization of $9.17 billion, a PE ratio of 30.63 and a beta of 1.73. The business’s 50 day moving average is $410.44 and its 200 day moving average is $378.52.
IES (NASDAQ:IESC – Get Free Report) last posted its quarterly earnings data on Friday, November 21st. The technology company reported $3.77 earnings per share for the quarter. IES had a net margin of 8.99% and a return on equity of 38.61%. The company had revenue of $897.80 million for the quarter.
Insider Activity
In other news, CAO Mary K. Newman sold 2,000 shares of IES stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $477.86, for a total transaction of $955,720.00. Following the completion of the sale, the chief accounting officer directly owned 21,843 shares in the company, valued at approximately $10,437,895.98. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew Michael Allen sold 700 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $457.95, for a total transaction of $320,565.00. Following the sale, the insider directly owned 1,098 shares of the company’s stock, valued at $502,829.10. This represents a 38.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 217,661 shares of company stock worth $96,387,385 in the last three months. Corporate insiders own 56.43% of the company’s stock.
Hedge Funds Weigh In On IES
Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in IES by 7.5% in the fourth quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock worth $156,000 after acquiring an additional 28 shares during the period. Dakota Wealth Management purchased a new position in IES during the 4th quarter valued at about $1,018,000. Congress Asset Management Co. raised its holdings in shares of IES by 2.5% in the 4th quarter. Congress Asset Management Co. now owns 34,253 shares of the technology company’s stock valued at $13,325,000 after purchasing an additional 825 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of IES by 729.2% in the 4th quarter. SG Americas Securities LLC now owns 11,285 shares of the technology company’s stock valued at $4,390,000 after purchasing an additional 9,924 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of IES by 5.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,347 shares of the technology company’s stock worth $555,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.
About IES
IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.
Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.