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

IES Holdings, Inc. (NASDAQ:IESC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $197.54 and traded as high as $225.71. IES shares last traded at $225.67, with a volume of 144,082 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded IES from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th.

IES Stock Up 7.6 %

The stock has a 50-day moving average price of $248.94 and a 200 day moving average price of $197.54. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 22.82 and a beta of 1.45.

Insiders Place Their Bets

In other news, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the sale, the chief financial officer now owns 71,177 shares of the company’s stock, valued at approximately $18,009,204.54. This trade represents a 6.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the sale, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,359 shares of company stock worth $7,341,029 in the last 90 days. Corporate insiders own 59.19% of the company’s stock.

Institutional Trading of IES

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IESC. JPMorgan Chase & Co. boosted its holdings in shares of IES by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,482 shares of the technology company’s stock valued at $8,281,000 after buying an additional 1,027 shares in the last quarter. Principal Financial Group Inc. boosted its stake in IES by 56.9% in the third quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock valued at $1,451,000 after acquiring an additional 2,636 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after purchasing an additional 68,750 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of IES during the third quarter worth about $332,000. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of IES in the 3rd quarter valued at about $335,000. 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.