StockNews.com downgraded shares of IES (NASDAQ:IESC – Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday morning.
IES Stock Down 1.4 %
IESC opened at $164.01 on Wednesday. IES has a 52 week low of $59.75 and a 52 week high of $184.38. The business’s 50 day moving average is $143.01 and its two-hundred day moving average is $129.25. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 24.74 and a beta of 1.36.
IES (NASDAQ:IESC – Get Free Report) last announced its earnings results on Friday, August 2nd. The technology company reported $2.67 EPS for the quarter. The business had revenue of $768.40 million for the quarter. IES had a net margin of 5.27% and a return on equity of 30.22%.
Insider Activity at IES
Institutional Trading of IES
Large investors have recently made changes to their positions in the stock. Breach Inlet Capital Management LLC purchased a new position in IES in the 4th quarter valued at about $10,239,000. Hennessy Advisors Inc. acquired a new position in IES in the 2nd quarter valued at $9,558,000. Assenagon Asset Management S.A. lifted its stake in shares of IES by 302.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 79,388 shares of the technology company’s stock worth $9,657,000 after purchasing an additional 59,643 shares during the period. Vanguard Group Inc. boosted its holdings in shares of IES by 10.0% during the first quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock worth $58,304,000 after purchasing an additional 43,634 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of IES in the second quarter valued at $3,328,000. 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.
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