IES (NASDAQ:IESC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of IES (NASDAQ:IESC) from a buy rating to a strong-buy rating in a research report report published on Sunday morning,Wall Street Zen reports.

Other research analysts have also issued research reports about the stock. Weiss Ratings lowered shares of IES from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 1st. Freedom Broker raised shares of IES from a “hold” rating to a “buy” rating and set a $440.00 price objective for the company in a research note on Friday, September 11th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.25.

IES Price Performance

IESC opened at $321.07 on Friday. The company has a market capitalization of $12.79 billion, a PE ratio of 28.53 and a beta of 1.78. IES has a fifty-two week low of $170.07 and a fifty-two week high of $408.26. The business has a 50-day moving average of $258.97 and a 200-day moving average of $189.16.

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

Hedge Funds Weigh In On IES

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IESC. Allworth Financial LP bought a new stake in IES in the 2nd quarter valued at $25,000. Toth Financial Advisory Corp lifted its holdings in shares of IES by 73.9% during the 2nd quarter. Toth Financial Advisory Corp now owns 40 shares of the technology company’s stock worth $29,000 after acquiring an additional 17 shares during the period. Optiver Holding B.V. boosted its position in shares of IES by 62.5% during the 1st quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock valued at $25,000 after acquiring an additional 20 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of IES during the 2nd quarter valued at about $40,000. Finally, Parallel Advisors LLC increased its stake in IES by 121.4% in the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Company Profile

IES Holdings, Inc (NASDAQ: IESC) is an industrial technology and infrastructure services company that designs, manufactures and installs electrical and mechanical systems. The company serves customers across the data center, industrial, commercial, residential and communications markets.

Its businesses provide electrical contracting, power distribution and control systems, communications infrastructure, structured cabling and related installation services. IES also manufactures and integrates modular and engineered systems used in data centers and other mission-critical facilities, while its residential operations support electrical and other building-system needs for housing construction.

Founded in 1997, IES Holdings serves customers primarily in the United States through operating companies and facilities located across multiple regions.