IES (NASDAQ:IESC) Hits New 52-Week High - Time to Buy?

Key Points

• IES Holdings, Inc. (NASDAQ:IESC) reached a new 52-week high of $404.55 during trading, closing at $400.84 with a market capitalization of $7.73 billion.
• Analysts currently maintain a consensus rating of "Buy", with some firms upgrading their ratings to "strong-buy", following the company's strong quarterly earnings report which exceeded revenue forecasts.
• Insider trading activity includes Chairman Jeffrey L. Et Al Gendell selling 55,500 shares valued at over $20 million, indicating a 0.51% decrease in his ownership position.

Shares of IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $404.55 and last traded at $400.84, with a volume of 13698 shares. The stock had previously closed at $399.38.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IESC. Weiss Ratings reissued a "buy (b)" rating on shares of IES in a research report on Saturday, September 27th. Wall Street Zen raised IES from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy".

IES Price Performance

The stock has a fifty day simple moving average of $359.11 and a 200-day simple moving average of $286.47. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 29.94 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The technology company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.55 by $0.40. IES had a net margin of 8.15% and a return on equity of 37.23%. The company had revenue of $890.20 million for the quarter, compared to analyst estimates of $833.00 million.

Insider Activity

In related news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $373.92, for a total value of $20,752,560.00. Following the completion of the sale, the chairman owned 10,801,028 shares of the company's stock, valued at approximately $4,038,720,389.76. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 145,837 shares of company stock worth $53,984,109. Company insiders own 56.76% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Rhumbline Advisers increased its position in shares of IES by 3.0% during the first quarter. Rhumbline Advisers now owns 12,663 shares of the technology company's stock worth $2,091,000 after purchasing an additional 366 shares in the last quarter. Highland Capital Management LLC raised its position in IES by 22.7% in the first quarter. Highland Capital Management LLC now owns 1,294 shares of the technology company's stock valued at $214,000 after purchasing an additional 239 shares during the period. Summit Trail Advisors LLC lifted its stake in shares of IES by 7.6% in the 1st quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company's stock valued at $221,000 after purchasing an additional 95 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of IES by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 8,447 shares of the technology company's stock worth $1,395,000 after purchasing an additional 95 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of IES during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 86.60% of the company's stock.

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.

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