Thrivent Financial for Lutherans Purchases 73,271 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Thrivent Financial for Lutherans raised its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 140.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 125,500 shares of the technology company’s stock after purchasing an additional 73,271 shares during the quarter. Thrivent Financial for Lutherans owned 0.63% of IES worth $25,221,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IESC. J.Safra Asset Management Corp boosted its holdings in shares of IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after buying an additional 50 shares during the last quarter. Smithfield Trust Co purchased a new position in shares of IES during the 4th quarter worth $34,000. Harbour Investments Inc. bought a new stake in shares of IES during the 4th quarter valued at $71,000. Jones Financial Companies Lllp bought a new position in IES in the 4th quarter worth $74,000. Finally, KBC Group NV raised its holdings in IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded IES from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

IES Trading Down 1.3 %

NASDAQ:IESC opened at $187.03 on Friday. The stock has a 50-day moving average price of $212.70 and a 200 day moving average price of $219.87. The stock has a market capitalization of $3.74 billion, a P/E ratio of 17.41 and a beta of 1.57. IES Holdings, Inc. has a 12-month low of $110.17 and a 12-month high of $320.09.

IES (NASDAQ:IESC) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

IES 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.