NV5 Global Inc (NVEE) CEO Sells $15,049,500.00 in Stock

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NV5 Global Inc (NASDAQ:NVEE) CEO Dickerson Wright sold 190,500 shares of the firm’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $79.00, for a total transaction of $15,049,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Dickerson Wright also recently made the following trade(s):

  • On Monday, July 2nd, Dickerson Wright sold 10,000 shares of NV5 Global stock. The shares were sold at an average price of $69.08, for a total transaction of $690,800.00.

NVEE stock opened at $83.75 on Friday. NV5 Global Inc has a 12-month low of $40.01 and a 12-month high of $91.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.48 and a quick ratio of 2.48. The company has a market cap of $942.08 million, a PE ratio of 35.19, a P/E/G ratio of 1.35 and a beta of 1.17.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.10. NV5 Global had a net margin of 7.64% and a return on equity of 17.69%. The company had revenue of $104.02 million during the quarter, compared to the consensus estimate of $101.45 million. analysts forecast that NV5 Global Inc will post 3.14 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of NVEE. Wells Fargo & Company MN lifted its position in shares of NV5 Global by 38.8% during the 4th quarter. Wells Fargo & Company MN now owns 11,754 shares of the business services provider’s stock valued at $636,000 after acquiring an additional 3,287 shares during the period. Deutsche Bank AG increased its stake in shares of NV5 Global by 160.0% during the 4th quarter. Deutsche Bank AG now owns 18,566 shares of the business services provider’s stock worth $1,003,000 after purchasing an additional 11,425 shares in the last quarter. Millennium Management LLC purchased a new position in shares of NV5 Global during the 4th quarter worth approximately $852,000. MetLife Investment Advisors LLC purchased a new position in shares of NV5 Global during the 4th quarter worth approximately $215,000. Finally, Alps Advisors Inc. purchased a new position in shares of NV5 Global during the 1st quarter worth approximately $490,000. Institutional investors own 59.72% of the company’s stock.

A number of equities research analysts recently commented on NVEE shares. Sidoti upgraded shares of NV5 Global from a “neutral” rating to a “buy” rating and raised their price objective for the company from $70.00 to $83.00 in a research report on Friday, June 15th. Seaport Global Securities reiterated a “buy” rating and set a $95.00 price target on shares of NV5 Global in a research report on Monday, August 6th. Lake Street Capital lifted their price target on shares of NV5 Global to $98.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, ValuEngine upgraded shares of NV5 Global from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 8th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $93.60.

NV5 Global 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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