IES (NASDAQ:IESC) Sets New 12-Month High - Should You Buy?

Key Points

• IES Holdings, Inc. shares reached a new 52-week high of $370.88 before closing at $348.78, reflecting a 6.1% increase in trading.
• The company reported a quarterly EPS of $3.30 and revenue of $834 million, achieving a net margin of 7.76% and a return on equity of 36.49%.
• Insider transactions saw CEO Jeffrey L. Et Al Gendell sell about 5,764 shares, reducing his stake slightly, while insider ownership remains at 56.76%.
• Vanguard Group significantly increased its holdings by 38.9%, acquiring additional shares valued at approximately $151.4 million.

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) hit a new 52-week high on Friday . The company traded as high as $370.88 and last traded at $348.78, with a volume of 32333 shares. The stock had previously closed at $328.31.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of IES from a "buy" rating to a "strong-buy" rating in a research note on Saturday.

IES Stock Performance

The firm's 50-day moving average price is $284.90 and its 200 day moving average price is $234.10. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 29.45 and a beta of 1.63.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a net margin of 7.76% and a return on equity of 36.49%. The company had revenue of $834.00 million during the quarter.

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $275.92, for a total transaction of $7,489,572.48. Following the completion of the transaction, the chief executive officer owned 10,930,040 shares in the company, valued at approximately $3,015,816,636.80. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 39,630 shares of company stock worth $10,915,095 in the last ninety days. 56.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of IES in the fourth quarter worth $2,361,000. HighTower Advisors LLC acquired a new position in shares of IES in the fourth quarter valued at $318,000. Commonwealth Equity Services LLC acquired a new position in shares of IES in the fourth quarter valued at about $244,000. Sei Investments Co. grew its stake in shares of IES by 39.5% in the fourth quarter. Sei Investments Co. now owns 4,042 shares of the technology company's stock valued at $812,000 after acquiring an additional 1,145 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of IES in the fourth quarter valued at about $382,000. Institutional investors own 86.60% of the company's stock.

About IES

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.