Bowman Consulting Group (NASDAQ:BWMN) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Bowman Consulting Group (NASDAQ:BWMN) released its earnings results on Wednesday. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07, FiscalAI reports. The business had revenue of $128.96 million during the quarter. Bowman Consulting Group had a return on equity of 6.30% and a net margin of 3.33%.

Bowman Consulting Group Stock Up 1.1%

Shares of NASDAQ BWMN traded up $0.37 during mid-day trading on Wednesday, reaching $32.94. 102,116 shares of the company were exchanged, compared to its average volume of 117,062. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $45.83. The firm has a 50-day moving average of $34.44 and a 200 day moving average of $37.65. The stock has a market cap of $572.27 million, a price-to-earnings ratio of 35.42, a P/E/G ratio of 1.99 and a beta of 1.34. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.14.

Insider Buying and Selling

In other news, CEO Gary Bowman sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total value of $442,125.00. Following the sale, the chief executive officer directly owned 879,943 shares in the company, valued at approximately $31,123,583.91. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 40,000 shares of company stock valued at $1,412,400 in the last ninety days. Insiders own 17.42% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

Several institutional investors and hedge funds have recently bought and sold shares of BWMN. VARCOV Co. acquired a new position in shares of Bowman Consulting Group during the fourth quarter valued at about $296,000. Caxton Associates LLP purchased a new stake in Bowman Consulting Group during the 3rd quarter worth approximately $288,000. Jane Street Group LLC acquired a new position in Bowman Consulting Group during the 1st quarter valued at approximately $287,000. Intech Investment Management LLC increased its stake in Bowman Consulting Group by 15.0% during the 4th quarter. Intech Investment Management LLC now owns 8,552 shares of the company’s stock valued at $282,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Bowman Consulting Group during the third quarter worth $266,000. 63.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BWMN has been the subject of several research analyst reports. JPMorgan Chase & Co. began coverage on shares of Bowman Consulting Group in a research note on Friday, January 9th. They set a “neutral” rating and a $40.00 price target for the company. Roth Mkm raised 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Monday, December 29th. Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen upgraded Bowman Consulting Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bowman Consulting Group currently has an average rating of “Moderate Buy” and a consensus price target of $40.90.

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.