NV5 Global Stock Scheduled to Split on Friday, October 11th (NASDAQ:NVEE)

Shares of NV5 Global, Inc. (NASDAQ:NVEEFree Report) are going to split on the morning of Friday, October 11th. The 4-1 split was announced on Wednesday, September 25th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, October 10th.

NV5 Global Trading Up 1.5 %

NV5 Global stock opened at $92.07 on Wednesday. The stock has a 50-day moving average price of $93.89 and a 200 day moving average price of $94.24. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.25 and a beta of 1.17. NV5 Global has a 52 week low of $87.05 and a 52 week high of $115.01.

NV5 Global (NASDAQ:NVEEGet Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.03. The company had revenue of $236.33 million during the quarter, compared to analysts’ expectations of $235.58 million. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. NV5 Global’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $1.29 earnings per share. Sell-side analysts anticipate that NV5 Global will post 5.12 EPS for the current year.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on NV5 Global

Insiders Place Their Bets

In other NV5 Global news, Director Tardan Francois sold 1,661 shares of the business’s 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 owns 5,150 shares of the company’s stock, valued at approximately $496,048. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 12.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NV5 Global

Several institutional investors and hedge funds have recently modified their holdings of the company. YHB Investment Advisors Inc. purchased a new stake in NV5 Global during the 1st quarter worth about $26,000. Innealta Capital LLC purchased a new position in shares of NV5 Global in the 2nd quarter valued at approximately $44,000. Cim LLC purchased a new position in shares of NV5 Global in the 4th quarter valued at approximately $206,000. SG Americas Securities LLC purchased a new position in shares of NV5 Global in the 1st quarter valued at approximately $228,000. Finally, Handelsbanken Fonder AB grew its stake in shares of NV5 Global by 21.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

NV5 Global Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for NV5 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global and related companies with MarketBeat.com's FREE daily email newsletter.