According to Zacks, “NV5 Holding Inc. offers professional, technical consulting and certification solutions for public and private sector. The company focuses on business services which include construction quality assurance, infrastructure engineering, energy services, program management, and environmental services. It operates in California, Colorado, Utah, Florida and New Jersey. NV5 Holding Inc. is headquartered in Hollywood, Florida. “
A number of other brokerages have also recently issued reports on NVEE. Singular Research started coverage on shares of NV5 Holdings in a report on Friday, July 22nd. They issued a buy rating and a $39.00 target price for the company. Seaport Global Securities raised shares of NV5 Holdings from an accumulate rating to a buy rating and set a $36.00 target price for the company in a report on Monday, September 19th.
Shares of NV5 Holdings (NASDAQ:NVEE) opened at 31.375 on Tuesday. The stock has a market cap of $275.88 million, a price-to-earnings ratio of 24.608 and a beta of 1.41. The stock’s 50 day moving average is $31.18 and its 200 day moving average is $29.36. NV5 Holdings has a 52-week low of $15.00 and a 52-week high of $37.00.
NV5 Holdings (NASDAQ:NVEE) last issued its earnings results on Thursday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. NV5 Holdings had a net margin of 5.52% and a return on equity of 13.13%. The company earned $57.10 million during the quarter, compared to analysts’ expectations of $58.90 million. On average, equities analysts expect that NV5 Holdings will post $1.66 earnings per share for the current fiscal year.
In other news, VP Richard Tong sold 3,566 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $34.08, for a total value of $121,529.28. Following the sale, the vice president now directly owns 40,219 shares in the company, valued at $1,370,663.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael P. Rama sold 1,046 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $35.22, for a total transaction of $36,840.12. Following the completion of the sale, the chief financial officer now owns 29,486 shares in the company, valued at $1,038,496.92. The disclosure for this sale can be found here. 32.90% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC acquired a new stake in NV5 Holdings during the second quarter valued at approximately $4,117,000. Emerald Acquisition Ltd. acquired a new stake in NV5 Holdings during the second quarter valued at approximately $3,586,000. Cortina Asset Management LLC acquired a new stake in NV5 Holdings during the second quarter valued at approximately $3,466,000. Vanguard Group Inc. raised its stake in NV5 Holdings by 67.2% in the second quarter. Vanguard Group Inc. now owns 268,335 shares of the company’s stock valued at $7,631,000 after buying an additional 107,823 shares in the last quarter. Finally, Northpointe Capital LLC acquired a new stake in NV5 Holdings during the second quarter valued at approximately $2,554,000. Institutional investors and hedge funds own 45.00% of the company’s stock.
About NV5 Holdings
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients. The Company’s operations are organized into three segments: infrastructure, engineering and support services (INF), construction quality assurance (CQA) and program management services (PM).
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