GeoInvesting will look to add to its NV5 Holdings, Inc. (NVEE) position as shares pullback.   The company provides professional and technical engineering, as well as consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets.  Yesterday, NVEE announced record fourth quarter 2014 results:

• Gross revenues for the fourth quarter of 2014 were $28.7 million, a 70% increase from the fourth quarter of 2013.
• Net income for the fourth quarter of 2014 was $1.4 million or $0.25 per diluted share, up from a net income of $0.5 million, or $0.10 per diluted share in the fourth quarter of 2013.
• Non-GAAP EPS of $0.35 vs $0.14 in the prior year period.
• Issued full-Year 2015 Revenue Guidance of $124 Million to $132 Million and Diluted EPS Guidance of $1.01 to $1.09.  Analyst estimates are $127 million and $1.04 respectively.

Some highlights from the Q4 conference call:

…Our acquisition opportunity pipeline remains full and we expect to complete additional acquisitions throughout the year….

…So the backlog we know is very conservative that was reported…

…A key aspect of our business model is that we empower our professionals to be a continual resource to our clients while expanding our business opportunities. This has resulted in larger proposals and subsequent contract awards…

…And I would like to say to all of those that have supported the stock that we will continue moving forward with our strategy and we’re looking forward to have very positive results in 2015 and we’re excited about the opportunities ahead for us.

Roth Capital Reiterates Buy Rating for NVEE Shares

In related news, Roth Capital upgraded NV5 Holdings (NVEE), reiterating a BUY rating and raising their price target to $20, surpassing their previous price target of $17.  Recall, on 2/18/2015, the GeoTeam released its bullish article, “NV5 Holdings’ Management: Been There, Done That, And Doing It Again”. The stock was trading at $12.95 at the time of publishing.

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