Woodstock Corp bought a new position in shares of NV5 Global, Inc. (NASDAQ:NVEE) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 61,188 shares of the business services provider’s stock, valued at approximately $2,600,000. Woodstock Corp owned about 0.58% of NV5 Global at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American International Group Inc. raised its stake in shares of NV5 Global by 7.1% in the first quarter. American International Group Inc. now owns 4,519 shares of the business services provider’s stock worth $170,000 after buying an additional 301 shares during the last quarter. Bank of America Corp DE raised its stake in shares of NV5 Global by 129.0% in the first quarter. Bank of America Corp DE now owns 4,590 shares of the business services provider’s stock worth $173,000 after buying an additional 2,586 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of NV5 Global by 4.7% in the first quarter. Nationwide Fund Advisors now owns 5,199 shares of the business services provider’s stock worth $195,000 after buying an additional 232 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of NV5 Global during the first quarter worth approximately $203,000. Finally, Concorde Asset Management LLC purchased a new stake in shares of NV5 Global during the first quarter worth approximately $225,000. Hedge funds and other institutional investors own 54.72% of the company’s stock.
Shares of NV5 Global, Inc. (NVEE) traded down 0.84% during mid-day trading on Thursday, hitting $41.30. The stock had a trading volume of 22,171 shares. The firm has a 50 day moving average price of $39.00 and a 200-day moving average price of $37.77. NV5 Global, Inc. has a 12 month low of $24.57 and a 12 month high of $44.10. The stock has a market cap of $416.39 million, a P/E ratio of 35.48 and a beta of 1.47.
NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $64.06 million for the quarter, compared to analyst estimates of $69.75 million. NV5 Global had a return on equity of 11.52% and a net margin of 4.86%. On average, equities research analysts forecast that NV5 Global, Inc. will post $2.22 EPS for the current year.
A number of brokerages have recently commented on NVEE. Zacks Investment Research raised NV5 Global from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, May 10th. Sidoti began coverage on NV5 Global in a research note on Wednesday, July 5th. They set a “neutral” rating and a $45.00 price target on the stock. Finally, Lake Street Capital began coverage on NV5 Global in a research note on Tuesday, March 21st. They set a “buy” rating and a $47.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $42.00.
In other news, VP Maryjo O’brien sold 2,000 shares of the stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $36.52, for a total transaction of $73,040.00. Following the transaction, the vice president now directly owns 68,468 shares in the company, valued at approximately $2,500,451.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 26.00% of the stock is currently owned by corporate insiders.
NV5 Global 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 in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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