Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Consensus Rating of “Hold” by Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have received an average rating 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 given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $47.50.

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Roth Capital 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. Weiss Ratings raised shares of Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of Bowman Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th.

Bowman Consulting Group Trading Up 0.0%

Shares of Bowman Consulting Group stock traded up $0.01 on Friday, hitting $27.92. The stock had a trading volume of 101,916 shares, compared to its average volume of 139,002. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. Bowman Consulting Group has a one year low of $25.96 and a one year high of $45.83. The stock’s 50-day simple moving average is $31.19 and its two-hundred day simple moving average is $31.97. The stock has a market cap of $488.88 million, a price-to-earnings ratio of 46.53, a PEG ratio of 3.71 and a beta of 1.34.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). The firm had revenue of $126.48 million during the quarter, compared to the consensus estimate of $114.49 million. Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%. As a group, sell-side analysts predict that Bowman Consulting Group will post 0.77 EPS for the current year.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $30.71, for a total transaction of $230,325.00. Following the transaction, the chief executive officer owned 1,353,338 shares in the company, valued at approximately $41,561,009.98. This represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Bowman Consulting Group stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total value of $41,008.20. Following the sale, the director owned 18,143 shares in the company, valued at $604,887.62. This represents a 6.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 21,230 shares of company stock worth $655,208. Insiders own 17.50% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Several hedge funds and other institutional investors have recently made changes to their positions in BWMN. New York State Teachers Retirement System bought a new position in shares of Bowman Consulting Group during the fourth quarter valued at $42,000. Tower Research Capital LLC TRC increased its position in shares of Bowman Consulting Group by 244.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after acquiring an additional 1,633 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Bowman Consulting Group by 169.6% in the 4th quarter. State of Alaska Department of Revenue now owns 2,599 shares of the company’s stock worth $84,000 after acquiring an additional 1,635 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Bowman Consulting Group during the 3rd quarter valued at $175,000. Finally, Fifth Third Bancorp bought a new stake in shares of Bowman Consulting Group in the 1st quarter worth $196,000. 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.