IES (NASDAQ:IESC) Sets New 52-Week High - Here's What Happened

Key Points

• IES reached a new 52-week high, trading as high as $676.70 (last $660.96) on Tuesday — about a 5.6% intraday rise and well above the analysts' average target price of $458.
• In its latest quarter IES beat EPS estimates with $4.16 vs. $3.95 consensus but missed on revenue ($974.2M vs. $1.01B); the firm reported a 35.88% return on equity and a 10.40% net margin.
• Insiders have been selling recently (CEO Matthew J. Simmes sold 5,000 shares; a director sold 1,425), with 20,659 insider shares (~$10.64M) sold in the past 90 days despite insiders owning 56.43% of the company.

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $676.70 and last traded at $660.9610, with a volume of 185459 shares trading hands. The stock had previously closed at $626.42.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IESC shares. Wall Street Zen raised IES from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Loop Capital set a $458.00 price objective on IES in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $458.00.

IES Trading Up 5.6%

The firm has a 50-day moving average of $502.55 and a 200 day moving average of $450.33. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 35.27 and a beta of 1.81.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, topping the consensus estimate of $3.95 by $0.21. IES had a return on equity of 35.88% and a net margin of 10.40%.The firm had revenue of $974.20 million for the quarter, compared to analyst estimates of $1.01 billion.

Insider Activity

In related news, CEO Matthew J. Simmes sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $506.26, for a total transaction of $2,531,300.00. Following the completion of the transaction, the chief executive officer owned 93,575 shares in the company, valued at $47,373,279.50. The trade was a 5.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Todd M. Cleveland sold 1,425 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $500.84, for a total value of $713,697.00. Following the transaction, the director owned 78,089 shares of the company's stock, valued at $39,110,094.76. This represents a 1.79% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 20,659 shares of company stock worth $10,636,940. 56.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its holdings in shares of 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 during the period. SBI Securities Co. Ltd. lifted its holdings in shares of IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company's stock valued at $39,000 after buying an additional 60 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of IES in the fourth quarter valued at $38,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of IES by 366.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company's stock valued at $38,000 after buying an additional 77 shares during the period. Finally, Spire Wealth Management acquired a new stake in shares of IES in the third quarter valued at $40,000. Institutional investors and hedge funds 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.

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