NV5 (NASDAQ:NVEE) VP Maryjo O’brien sold 2,500 shares of NV5 stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $55.07, for a total value of $137,675.00. Following the sale, the vice president now directly owns 69,147 shares in the company, valued at approximately $3,807,925.29. The sale was disclosed in a document filed with the SEC, which is available at this link.
NVEE stock traded down $1.30 during trading on Friday, hitting $56.25. The company had a trading volume of 61,458 shares, compared to its average volume of 83,477. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 2.33. The firm has a market cap of $609.81, a price-to-earnings ratio of 23.34, a P/E/G ratio of 0.92 and a beta of 1.05. NV5 has a fifty-two week low of $35.35 and a fifty-two week high of $58.95.
NV5 (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, March 8th. The business services provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The business had revenue of $93.98 million for the quarter, compared to analyst estimates of $96.35 million. NV5 had a return on equity of 15.89% and a net margin of 7.21%. research analysts anticipate that NV5 will post 3.07 earnings per share for the current year.
Several brokerages have recently weighed in on NVEE. BidaskClub raised NV5 from a “hold” rating to a “buy” rating in a report on Saturday, March 17th. Zacks Investment Research raised NV5 from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a report on Wednesday, March 14th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $58.80.
A number of hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in NV5 by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after buying an additional 126 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in NV5 by 13.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,371 shares of the business services provider’s stock valued at $272,000 after buying an additional 752 shares in the last quarter. Ashford Capital Management Inc. boosted its stake in NV5 by 0.7% in the 4th quarter. Ashford Capital Management Inc. now owns 181,050 shares of the business services provider’s stock valued at $9,804,000 after buying an additional 1,300 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in NV5 by 2.0% in the 4th quarter. Driehaus Capital Management LLC now owns 73,413 shares of the business services provider’s stock valued at $3,975,000 after buying an additional 1,413 shares in the last quarter. Finally, Axiom International Investors LLC DE boosted its stake in NV5 by 2.0% in the 3rd quarter. Axiom International Investors LLC DE now owns 82,957 shares of the business services provider’s stock valued at $4,534,000 after buying an additional 1,590 shares in the last quarter. 56.21% of the stock is currently owned by institutional investors and hedge funds.
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NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.
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