Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives Consensus Recommendation of “Hold” from Brokerages

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $47.50.

Several research firms have commented on BWMN. Roth Mkm set a $58.00 price objective on shares of Bowman Consulting Group and gave the company a “buy” rating in a research report on Thursday, May 7th. Zacks Research downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Bowman Consulting Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Robert W. Baird reduced their target price on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, March 6th.

Bowman Consulting Group Price Performance

BWMN stock opened at $31.73 on Friday. Bowman Consulting Group has a 52 week low of $24.70 and a 52 week high of $45.83. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $30.67 and a two-hundred day simple moving average of $33.16. The firm has a market capitalization of $555.59 million, a P/E ratio of 52.88, a price-to-earnings-growth ratio of 4.13 and a beta of 1.36.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.07). Bowman Consulting Group had a net margin of 2.02% and a return on equity of 3.98%. The business had revenue of $126.48 million for the quarter, compared to the consensus estimate of $114.49 million. Analysts anticipate that Bowman Consulting Group will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Bowman Consulting Group

In related news, CEO Gary Bowman sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $30.71, for a total value of $230,325.00. Following the transaction, the chief executive officer owned 1,353,338 shares of the company’s stock, valued at $41,561,009.98. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raymond Jr. Vicks sold 1,230 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $33.34, for a total transaction of $41,008.20. Following the completion of the transaction, the director directly owned 18,143 shares in the company, valued at $604,887.62. This represents a 6.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,230 shares of company stock worth $655,208. Insiders own 17.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in Bowman Consulting Group by 3.8% in the 3rd quarter. Franklin Resources Inc. now owns 10,289 shares of the company’s stock worth $436,000 after buying an additional 377 shares during the period. Deutsche Bank AG increased its stake in Bowman Consulting Group by 4.9% in the 4th quarter. Deutsche Bank AG now owns 9,473 shares of the company’s stock worth $313,000 after buying an additional 444 shares during the period. Creative Planning increased its stake in Bowman Consulting Group by 5.0% in the 3rd quarter. Creative Planning now owns 13,818 shares of the company’s stock worth $585,000 after buying an additional 661 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Bowman Consulting Group by 5.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,880 shares of the company’s stock worth $558,000 after buying an additional 865 shares during the period. Finally, ARS Investment Partners LLC increased its stake in Bowman Consulting Group by 16.9% in the 4th quarter. ARS Investment Partners LLC now owns 6,179 shares of the company’s stock worth $204,000 after buying an additional 892 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Company Profile

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.