Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives Average Rating of “Hold” from Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $47.50.

BWMN has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. 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. Wall Street Zen raised shares of Bowman Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird dropped their price objective on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Finally, Weiss Ratings raised shares of Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 4th.

Bowman Consulting Group Price Performance

Shares of BWMN opened at $31.07 on Wednesday. The firm has a market capitalization of $544.04 million, a PE ratio of 51.78, a PEG ratio of 4.12 and a beta of 1.33. The company’s 50-day moving average is $31.80 and its 200-day moving average is $32.76. Bowman Consulting Group has a fifty-two week low of $25.96 and a fifty-two week high of $45.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.93.

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

Insider Activity

In other news, CEO Gary Bowman sold 12,500 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $30.71, for a total value of $383,875.00. Following the transaction, the chief executive officer directly owned 906,575 shares of the company’s stock, valued at $27,840,918.25. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raymond Jr. Vicks sold 1,230 shares of the stock in a transaction dated Tuesday, May 12th. The shares were 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. The trade was a 6.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,230 shares of company stock worth $655,208 over the last three months. Insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

Several institutional investors have recently made changes to their positions in BWMN. Alliancebernstein L.P. boosted its stake in shares of Bowman Consulting Group by 3,560.2% in the third quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock valued at $22,233,000 after buying an additional 510,527 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Bowman Consulting Group in the 3rd quarter valued at approximately $6,590,000. Tudor Investment Corp ET AL acquired a new position in shares of Bowman Consulting Group in the 3rd quarter valued at approximately $3,958,000. JPMorgan Chase & Co. raised its position in shares of Bowman Consulting Group by 998.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock valued at $4,249,000 after buying an additional 91,181 shares in the last quarter. Finally, Polar Asset Management Partners Inc. raised its position in shares of Bowman Consulting Group by 30.2% in the 4th quarter. Polar Asset Management Partners Inc. now owns 285,024 shares of the company’s stock valued at $9,411,000 after buying an additional 66,029 shares in the last quarter. 63.20% of the stock is currently owned by institutional investors.

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.