IES (NASDAQ:IESC) Reaches New 12-Month High – Still a Buy?

IES Holdings, Inc. (NASDAQ:IESC)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $485.70 and last traded at $487.9670, with a volume of 24312 shares traded. The stock had previously closed at $468.21.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IESC. Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 30th. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

IES Price Performance

The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 31.60 and a beta of 1.73. The business’s 50 day moving average price is $424.13 and its 200-day moving average price is $386.02.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, November 21st. The technology company reported $3.77 earnings per share for the quarter. IES had a return on equity of 38.61% and a net margin of 8.99%.The company had revenue of $897.80 million for the quarter.

Insider Transactions at IES

In related news, CAO Mary K. Newman sold 2,000 shares of the company’s 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 transaction, the chief accounting officer owned 21,843 shares of the company’s stock, valued at $10,437,895.98. This represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David B. Gendell sold 17,867 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $452.20, for a total value of $8,079,457.40. Following the completion of the sale, the director directly owned 70,669 shares of the company’s stock, valued at approximately $31,956,521.80. This trade represents a 20.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 217,661 shares of company stock valued at $96,387,385. 56.43% of the stock is owned by company insiders.

Institutional Trading of IES

Institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its holdings in IES by 1,014.3% in the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in IES by 841.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after purchasing an additional 101 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after purchasing an additional 60 shares during the last quarter. Spire Wealth Management purchased a new stake in IES during the third quarter worth $40,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in IES during the second quarter worth $47,000. 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.