IES (NASDAQ:IESC) Trading 7% Higher - Time to Buy?

Shares of IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) shot up 7% on Tuesday . The stock traded as high as $237.50 and last traded at $237.43. 29,342 shares were traded during trading, a decline of 79% from the average session volume of 140,442 shares. The stock had previously closed at $221.89.

Wall Street Analyst Weigh In

Separately, StockNews.com raised IES from a "hold" rating to a "buy" rating in a research report on Tuesday, December 10th.

IES Stock Up 9.2 %

The company's fifty day moving average is $249.40 and its 200 day moving average is $202.27. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 24.49 and a beta of 1.52.

Insider Activity

In other news, VP Mary K. Newman sold 2,500 shares of IES stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the transaction, the vice president now owns 18,286 shares of the company's stock, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the completion of the sale, the chief executive officer now directly owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. The trade was a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,359 shares of company stock worth $7,341,029 in the last quarter. Corporate insiders own 59.19% of the company's stock.

Hedge Funds Weigh In On IES

Institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. boosted its stake in shares of IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company's stock worth $37,000 after acquiring an additional 194 shares during the period. Quest Partners LLC boosted its position in IES by 41.0% during the second quarter. Quest Partners LLC now owns 296 shares of the technology company's stock worth $41,000 after purchasing an additional 86 shares during the period. Gladius Capital Management LP acquired a new position in shares of IES in the third quarter valued at $44,000. City State Bank bought a new position in shares of IES in the fourth quarter valued at about $106,000. Finally, CWM LLC lifted its stake in shares of IES by 17.2% during the 3rd quarter. CWM LLC now owns 682 shares of the technology company's stock worth $136,000 after buying an additional 100 shares during the last quarter. 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.