IES (NASDAQ:IESC) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of IES Holdings, Inc. (NASDAQ:IESC) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

IESC has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

IES Stock Up 6.3%

The business has a 50-day moving average price of $410.44 and a 200-day moving average price of $378.52. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 30.63 and a beta of 1.73.

IES (NASDAQ:IESC) last announced its earnings results 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 firm had revenue of $897.80 million for the quarter.

Insider Buying and Selling at IES

In related news, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $411.48, for a total value of $2,057,400.00. Following the completion of the sale, the chief financial officer directly owned 65,525 shares in the company, valued at $26,962,227. This trade represents a 7.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Michael Allen sold 700 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was 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 in the company, valued at approximately $502,829.10. This represents a 38.93% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 217,661 shares of company stock valued at $96,387,385. Insiders own 56.43% of the company’s stock.

Institutional Investors Weigh In On IES

Several institutional investors and hedge funds have recently made changes to their positions in IESC. Opal Wealth Advisors LLC acquired a new position in shares of IES in the 2nd quarter valued at $25,000. Global Retirement Partners LLC lifted its position in IES by 1,014.3% during the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after acquiring an additional 71 shares during the period. Nisa Investment Advisors LLC grew its stake in IES by 841.7% during 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 during the last quarter. SBI Securities Co. Ltd. grew its stake in IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after purchasing an additional 60 shares during the last quarter. Finally, Spire Wealth Management acquired a new position in shares of IES in the third quarter valued at about $40,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Company Profile

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.