IES (NASDAQ:IESC) Cut to Hold at StockNews.com

StockNews.com cut shares of IES (NASDAQ:IESC) from a buy rating to a hold rating in a report issued on Friday.

IES Stock Performance

Shares of NASDAQ IESC opened at $181.89 on Friday. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 16.94 and a beta of 1.57. The business has a 50 day simple moving average of $216.05 and a 200 day simple moving average of $220.32. IES has a 52 week low of $101.31 and a 52 week high of $320.09.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Institutional Investors Weigh In On IES

A number of large investors have recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp boosted its position in IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after purchasing an additional 50 shares during the period. Summit Investment Advisors Inc. boosted its position in IES by 6.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company’s stock worth $173,000 after purchasing an additional 53 shares during the period. Moran Wealth Management LLC boosted its position in IES by 1.8% during the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company’s stock worth $683,000 after purchasing an additional 61 shares during the period. EverSource Wealth Advisors LLC boosted its position in IES by 21.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 551 shares of the technology company’s stock worth $111,000 after purchasing an additional 99 shares during the period. Finally, Peterson Wealth Services boosted its position in IES by 1.2% during the fourth quarter. Peterson Wealth Services now owns 8,110 shares of the technology company’s stock worth $1,630,000 after purchasing an additional 100 shares during the period. 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.