Thrivent Financial for Lutherans Raises Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Thrivent Financial for Lutherans boosted its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 293.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 40,236 shares of the business services provider’s stock after purchasing an additional 30,008 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NV5 Global were worth $758,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Haven Capital Group Inc. bought a new stake in shares of NV5 Global in the fourth quarter worth $1,943,000. Royce & Associates LP grew its holdings in NV5 Global by 218.5% during the 4th quarter. Royce & Associates LP now owns 178,280 shares of the business services provider’s stock worth $3,359,000 after acquiring an additional 122,310 shares in the last quarter. Natixis Advisors LLC acquired a new position in NV5 Global during the 4th quarter worth $377,000. First Eagle Investment Management LLC acquired a new stake in shares of NV5 Global in the 4th quarter valued at about $5,213,000. Finally, Swiss National Bank lifted its position in shares of NV5 Global by 306.0% during the fourth quarter. Swiss National Bank now owns 115,300 shares of the business services provider’s stock worth $2,172,000 after purchasing an additional 86,900 shares during the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NVEE shares. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Roth Mkm boosted their price target on NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Maxim Group dropped their price target on NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

NV5 Global Price Performance

NVEE opened at $19.95 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $18.26 and its 200 day moving average price is $20.34. NV5 Global, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.14. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 40.51, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, sell-side analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global declared that its Board of Directors has initiated a stock repurchase plan on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

About NV5 Global

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.