IES Holdings, Inc. (NASDAQ:IESC - Get Free Report)'s share price traded down 8.7% during mid-day trading on Monday . The stock traded as low as $166.46 and last traded at $167.03. 41,334 shares changed hands during trading, a decline of 77% from the average session volume of 177,333 shares. The stock had previously closed at $183.00.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.
Get Our Latest Analysis on IES
IES Price Performance
The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 18.64 and a beta of 1.51. The business has a fifty day moving average of $179.56 and a 200 day moving average of $219.63.
IES (NASDAQ:IESC - Get Free Report) last posted its 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 Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of IES by 38.9% in the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock worth $151,389,000 after acquiring an additional 210,925 shares during the last quarter. Thrivent Financial for Lutherans raised its position in IES by 140.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock valued at $25,221,000 after purchasing an additional 73,271 shares during the period. Franklin Resources Inc. lifted its stake in IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock worth $31,026,000 after purchasing an additional 68,750 shares in the last quarter. Invesco Ltd. boosted its position in shares of IES by 27.6% during the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock worth $40,353,000 after buying an additional 43,449 shares during the period. Finally, Man Group plc acquired a new stake in shares of IES in the fourth quarter valued at $8,497,000. Hedge funds and other institutional investors own 86.60% of the company's stock.
About IES
(
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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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