NV5 Holdings Inc. (NVEE) Stock Rating Lowered by Zacks Investment Research
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. “
Several other brokerages also recently commented on NVEE. Seaport Global Securities restated an accumulate rating on shares of NV5 Holdings in a research report on Thursday, August 4th. Singular Research assumed coverage on shares of NV5 Holdings in a research report on Friday, July 22nd. They issued a buy rating and a $39.00 price target for the company.
NV5 Holdings (NASDAQ:NVEE) traded down 0.26% during trading on Tuesday, hitting $30.46. The company had a trading volume of 306 shares. The company has a market cap of $267.83 million, a PE ratio of 23.89 and a beta of 1.41. The company’s 50 day moving average price is $31.14 and its 200-day moving average price is $29.39. NV5 Holdings has a 12 month low of $15.00 and a 12 month high of $37.00.
NV5 Holdings (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business earned $57.10 million during the quarter, compared to the consensus estimate of $58.90 million. NV5 Holdings had a net margin of 5.52% and a return on equity of 13.13%. Equities analysts expect that NV5 Holdings will post $1.66 earnings per share for the current year.
In related news, CFO Michael P. Rama sold 1,046 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $35.22, for a total value of $36,840.12. Following the transaction, the chief financial officer now directly owns 29,486 shares in the company, valued at approximately $1,038,496.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Richard Tong sold 3,566 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $34.08, for a total transaction of $121,529.28. Following the completion of the transaction, the vice president now owns 40,219 shares in the company, valued at $1,370,663.52. The disclosure for this sale can be found here. 32.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in NV5 Holdings by 1.1% in the first quarter. Geode Capital Management LLC now owns 28,913 shares of the company’s stock worth $775,000 after buying an additional 326 shares during the last quarter. Navellier & Associates Inc raised its position in NV5 Holdings by 1.7% in the second quarter. Navellier & Associates Inc now owns 35,425 shares of the company’s stock worth $1,007,000 after buying an additional 600 shares during the last quarter. American International Group Inc. raised its position in NV5 Holdings by 41.1% in the second quarter. American International Group Inc. now owns 4,224 shares of the company’s stock worth $120,000 after buying an additional 1,231 shares during the last quarter. Oxford Asset Management raised its position in NV5 Holdings by 2.7% in the second quarter. Oxford Asset Management now owns 49,547 shares of the company’s stock worth $1,409,000 after buying an additional 1,325 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in NV5 Holdings by 46.0% in the second quarter. Nationwide Fund Advisors now owns 4,786 shares of the company’s stock worth $136,000 after buying an additional 1,507 shares during the last quarter. Institutional investors and hedge funds own 45.00% of the company’s stock.
NV5 Holdings Company Profile
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NV5 Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.