Bowman Consulting Group (NASDAQ:BWMN) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Bowman Consulting Group (NASDAQ:BWMN) in a research note released on Friday, Marketbeat reports. The brokerage issued a neutral rating and a $40.00 price target on the stock.

BWMN has been the topic of several other research reports. Roth Capital boosted their price objective on Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Zacks Research upgraded shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Wall Street Zen lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Bowman Consulting Group currently has an average rating of “Moderate Buy” and a consensus target price of $40.90.

Bowman Consulting Group Stock Performance

BWMN opened at $34.82 on Friday. The firm has a market cap of $604.82 million, a PE ratio of 37.44, a P/E/G ratio of 2.25 and a beta of 1.33. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $35.05 and a 200-day simple moving average of $37.29. Bowman Consulting Group has a fifty-two week low of $17.90 and a fifty-two week high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.23. Bowman Consulting Group had a return on equity of 6.30% and a net margin of 3.33%.The company had revenue of $112.09 million for the quarter, compared to analyst estimates of $130.45 million.

Insiders Place Their Bets

In other Bowman Consulting Group news, CEO Gary Bowman sold 12,500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $35.25, for a total value of $440,625.00. Following the transaction, the chief executive officer directly owned 892,443 shares of the company’s stock, valued at $31,458,615.75. This represents a 1.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 40,000 shares of company stock valued at $1,550,400. 17.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Bowman Consulting Group by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 802,969 shares of the company’s stock valued at $34,014,000 after acquiring an additional 13,366 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Bowman Consulting Group by 3,560.2% during the third quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock valued at $22,233,000 after purchasing an additional 510,527 shares during the period. Swedbank AB raised its stake in shares of Bowman Consulting Group by 8.0% in the third quarter. Swedbank AB now owns 450,000 shares of the company’s stock valued at $19,062,000 after purchasing an additional 33,508 shares in the last quarter. Geode Capital Management LLC lifted its position in Bowman Consulting Group by 2.7% in the second quarter. Geode Capital Management LLC now owns 343,015 shares of the company’s stock worth $9,864,000 after purchasing an additional 9,073 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Bowman Consulting Group by 8.8% during the third quarter. Dimensional Fund Advisors LP now owns 304,986 shares of the company’s stock worth $12,918,000 after buying an additional 24,760 shares in the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

About Bowman Consulting Group

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.