IES (NASDAQ:IESC) Sets New 52-Week High - Time to Buy?

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $235.71 and last traded at $235.71, with a volume of 10096 shares changing hands. The stock had previously closed at $232.63.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded IES from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd.

IES Price Performance

The stock's 50 day moving average price is $193.49 and its two-hundred day moving average price is $164.82. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 28.07 and a beta of 1.37.

IES (NASDAQ:IESC - Get Free Report) last issued its earnings results on Friday, August 2nd. The technology company reported $2.67 EPS for the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%. The company had revenue of $768.40 million for the quarter.

IES declared that its Board of Directors has authorized a stock repurchase program on Friday, August 2nd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the business's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total value of $8,152,242.38. Following the completion of the sale, the chief executive officer now owns 11,134,087 shares of the company's stock, valued at approximately $1,788,245,713.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the company's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $160.61, for a total value of $8,152,242.38. Following the completion of the transaction, the chief executive officer now owns 11,134,087 shares of the company's stock, valued at $1,788,245,713.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $176.73, for a total value of $883,650.00. Following the completion of the sale, the chief financial officer now owns 64,377 shares in the company, valued at $11,377,347.21. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 160,966 shares of company stock valued at $26,003,099. 59.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Quest Partners LLC increased its stake in IES by 41.0% in the 2nd 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. Andina Capital Management LLC increased its position in IES by 4.0% during the third quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company's stock valued at $498,000 after acquiring an additional 96 shares during the last quarter. CWM LLC increased its position in IES by 17.2% during the third quarter. CWM LLC now owns 682 shares of the technology company's stock valued at $136,000 after acquiring an additional 100 shares during the last quarter. Ellsworth Advisors LLC increased its position in IES by 2.7% in the second quarter. Ellsworth Advisors LLC now owns 5,806 shares of the technology company's stock worth $809,000 after buying an additional 151 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in IES by 2.2% in the second quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company's stock worth $1,211,000 after buying an additional 190 shares in the last quarter. 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.