NV5 Global, Inc. (NASDAQ:NVEE) Stock Position Raised by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,213 shares of the business services provider’s stock after acquiring an additional 538 shares during the period. King Luther Capital Management Corp owned about 0.17% of NV5 Global worth $2,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. YHB Investment Advisors Inc. bought a new position in NV5 Global during the 1st quarter worth $26,000. Innealta Capital LLC acquired a new stake in shares of NV5 Global in the 2nd quarter worth about $44,000. Cim LLC bought a new stake in NV5 Global in the 4th quarter valued at about $206,000. SG Americas Securities LLC acquired a new position in NV5 Global during the 1st quarter valued at about $228,000. Finally, Janney Montgomery Scott LLC grew its position in NV5 Global by 11.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,724 shares of the business services provider’s stock worth $267,000 after purchasing an additional 281 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and set a $130.00 price target (up previously from $128.00) on shares of NV5 Global in a report on Thursday, August 8th.

Insiders Place Their Bets

In other news, Director Tardan Francois sold 1,661 shares of NV5 Global stock in a transaction on Monday, August 26th. The stock was sold at an average price of $96.32, for a total transaction of $159,987.52. Following the transaction, the director now directly owns 5,150 shares in the company, valued at approximately $496,048. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.40% of the stock is currently owned by insiders.

NV5 Global Price Performance

Shares of NVEE opened at $90.71 on Friday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 1.23 and a beta of 1.18. The stock’s fifty day moving average is $95.87 and its 200-day moving average is $94.81. NV5 Global, Inc. has a one year low of $87.05 and a one year high of $115.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.29.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The company had revenue of $236.33 million for the quarter, compared to the consensus estimate of $235.58 million. NV5 Global had a net margin of 3.49% and a return on equity of 9.08%. NV5 Global’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 EPS. Equities analysts anticipate that NV5 Global, Inc. will post 5.12 EPS for the current year.

NV5 Global Company Profile

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.