IES (NASDAQ:IESC – Get Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.
IES Price Performance
IESC opened at $153.97 on Tuesday. The firm has a market cap of $3.12 billion, a PE ratio of 23.22 and a beta of 1.36. The stock has a 50-day moving average price of $143.05 and a 200-day moving average price of $125.64. IES has a 1 year low of $56.08 and a 1 year high of $184.38.
IES (NASDAQ:IESC – Get Free Report) last issued its earnings results on Friday, May 3rd. The technology company reported $2.29 earnings per share (EPS) for the quarter. IES had a net margin of 5.27% and a return on equity of 30.22%. The business had revenue of $705.80 million during the quarter.
Insiders Place Their Bets
Institutional Investors Weigh In On IES
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC lifted its holdings in shares of IES by 2.7% during the 2nd quarter. Ellsworth Advisors LLC now owns 5,806 shares of the technology company’s stock valued at $809,000 after buying an additional 151 shares during the period. Contravisory Investment Management Inc. bought a new position in IES in the second quarter valued at about $48,000. Sunbelt Securities Inc. purchased a new position in IES in the first quarter worth about $48,000. CWM LLC boosted its position in IES by 252.7% in the second quarter. CWM LLC now owns 582 shares of the technology company’s stock worth $81,000 after purchasing an additional 417 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of IES by 11.7% during the 2nd quarter. Principal Financial Group Inc. now owns 4,633 shares of the technology company’s stock valued at $646,000 after purchasing an additional 485 shares during the period. Hedge funds and other institutional investors 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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