IES (NASDAQ:IESC) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of IES Holdings, Inc. (NASDAQ:IESC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $171.00 and traded as high as $319.37. IES shares last traded at $315.09, with a volume of 370,553 shares traded.

Analysts Set New Price Targets

Several research firms have commented on IESC. Weiss Ratings downgraded IES from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $114.50.

IES Price Performance

The company has a market cap of $12.85 billion, a price-to-earnings ratio of 28.66 and a beta of 1.78. The business’s fifty day moving average price is $220.37 and its 200 day moving average price is $172.06.

IES (NASDAQ:IESC) last announced its earnings results on Friday, July 31st. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.47. IES had a return on equity of 35.70% and a net margin of 11.40%.The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.08 billion.

Insider Transactions at IES

In other IES news, Director Todd M. Cleveland sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $190.47, for a total transaction of $3,809,450.00. Following the completion of the sale, the director owned 243,496 shares of the company’s stock, valued at approximately $46,379,291.86. This represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Jeffrey L. Et Al Gendell sold 186,880 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $189.12, for a total transaction of $35,342,278.40. Following the sale, the chairman directly owned 41,626,236 shares of the company’s stock, valued at $7,872,249,686.73. This represents a 0.45% decrease in their position. The SEC filing for this sale provides additional information. 56.43% of the stock is owned by company insiders.

Institutional Investors Weigh In On IES

Large investors have recently modified their holdings of the company. Allworth Financial LP acquired a new position in IES in the second quarter valued at $25,000. Toth Financial Advisory Corp lifted its stake in shares of IES by 73.9% in the 2nd quarter. Toth Financial Advisory Corp now owns 40 shares of the technology company’s stock valued at $29,000 after purchasing an additional 17 shares during the period. Optiver Holding B.V. lifted its stake in shares of IES by 62.5% in the 1st quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock valued at $25,000 after purchasing an additional 20 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of IES during the 2nd quarter valued at about $40,000. Finally, Parallel Advisors LLC grew its stake in IES by 121.4% during the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after purchasing an additional 34 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

About IES

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.