StockNews.com cut shares of IES (NASDAQ:IESC – Free Report) from a strong-buy rating to a buy rating in a research report report published on Sunday.
IES Stock Up 1.3 %
Shares of NASDAQ:IESC opened at $139.33 on Friday. The company has a market cap of $2.82 billion, a P/E ratio of 21.02 and a beta of 1.36. IES has a 52 week low of $53.00 and a 52 week high of $184.38. The business has a fifty day simple moving average of $145.98 and a 200-day simple moving average of $115.29.
IES (NASDAQ:IESC – Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The technology company reported $2.29 EPS for the quarter. The business had revenue of $705.80 million during the quarter. IES had a return on equity of 30.22% and a net margin of 5.27%.
Insider Activity
Institutional Investors Weigh In On IES
A number of institutional investors have recently added to or reduced their stakes in the company. Breach Inlet Capital Management LLC acquired a new position in shares of IES during the fourth quarter worth about $10,239,000. Charles Schwab Investment Management Inc. lifted its stake in shares of IES by 12.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,243 shares of the technology company’s stock worth $6,911,000 after purchasing an additional 9,463 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of IES by 163.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,745 shares of the technology company’s stock worth $1,564,000 after purchasing an additional 12,242 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of IES by 1.5% during the third quarter. Vanguard Group Inc. now owns 436,085 shares of the technology company’s stock worth $28,725,000 after purchasing an additional 6,517 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of IES during the fourth quarter worth about $208,000. Hedge funds and other 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.
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