IES (NASDAQ:IESC) Shares Gap Up – What’s Next?

IES Holdings, Inc. (NASDAQ:IESC) gapped up prior to trading on Wednesday. The stock had previously closed at $172.43, but opened at $186.93. IES shares last traded at $177.0250, with a volume of 31,987 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 20th. Weiss Ratings downgraded IES from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. Finally, Freedom Broker raised IES from a “hold” rating to a “buy” rating and set a $440.00 price target on the stock in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, IES presently has an average rating of “Hold” and a consensus target price of $334.50.

IES Stock Down 1.8%

The firm has a 50 day moving average price of $271.60 and a two-hundred day moving average price of $292.11. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 15.47 and a beta of 1.86.

Institutional Investors Weigh In On IES

A number of hedge funds have recently bought and sold shares of IESC. Toth Financial Advisory Corp raised its position 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 in the last quarter. Optiver Holding B.V. grew its position in shares of IES by 62.5% during the first quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock worth $25,000 after buying an additional 20 shares in the last quarter. Parallel Advisors LLC grew its position in shares of 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 buying an additional 34 shares in the last quarter. Allworth Financial LP bought a new stake in shares of IES in the second quarter worth $25,000. Finally, Petra Financial Advisors Inc. increased its stake in shares of IES by 2.3% in the first quarter. Petra Financial Advisors Inc. now owns 1,843 shares of the technology company’s stock worth $878,000 after buying an additional 41 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

About IES

IES Holdings, Inc. is a provider of electrical and technology services through its operating subsidiaries. The company serves customers across the United States in markets that include commercial construction, data centers, communications, residential building, and industrial facilities. Its businesses design, install, and maintain electrical systems and technology infrastructure. Services include structured cabling, network and wireless systems, security and audiovisual installations, and electrical work for residential, commercial, and industrial projects.