NV5 (NASDAQ:NVEE) Chairman Dickerson Wright sold 10,000 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $54.51, for a total value of $545,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NVEE traded down $1.30 during trading hours on Friday, hitting $56.25. 61,458 shares of the stock traded hands, compared to its average volume of 83,477. The firm has a market capitalization of $609.81, a PE ratio of 23.34, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. NV5 has a 1-year low of $35.35 and a 1-year high of $58.95.
NV5 (NASDAQ:NVEE) last released its quarterly earnings data on Thursday, March 8th. The business services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $93.98 million during the quarter, compared to the consensus estimate of $96.35 million. NV5 had a return on equity of 15.89% and a net margin of 7.21%. analysts anticipate that NV5 will post 3.07 EPS for the current year.
Several brokerages have recently issued reports on NVEE. Zacks Investment Research raised NV5 from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Saturday, January 6th. BidaskClub raised NV5 from a “hold” rating to a “buy” rating in a research note on Saturday, March 17th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.80.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in NV5 by 18.3% in the third quarter. Dimensional Fund Advisors LP now owns 412,106 shares of the business services provider’s stock valued at $22,522,000 after purchasing an additional 63,889 shares during the last quarter. Yorktown Management & Research Co Inc bought a new stake in NV5 in the third quarter valued at about $547,000. Mitchell Capital Management Co. increased its holdings in NV5 by 37.2% in the fourth quarter. Mitchell Capital Management Co. now owns 73,555 shares of the business services provider’s stock valued at $3,983,000 after purchasing an additional 19,949 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in NV5 in the third quarter valued at about $1,453,000. Finally, Bank of New York Mellon Corp increased its holdings in NV5 by 65.6% in the third quarter. Bank of New York Mellon Corp now owns 50,283 shares of the business services provider’s stock valued at $2,748,000 after purchasing an additional 19,927 shares during the last quarter. Institutional investors and hedge funds own 56.21% of the company’s stock.
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NV5 Company Profile
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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