Bowman Consulting Group (NASDAQ:BWMN) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Bowman Consulting Group (NASDAQ:BWMN) from a buy rating to a hold rating in a report released on Saturday.

BWMN has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price target on Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Weiss Ratings upgraded Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Finally, Roth Capital set a $58.00 target price on Bowman Consulting Group and gave the company a “buy” rating in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $47.50.

Bowman Consulting Group Stock Performance

NASDAQ:BWMN opened at $25.95 on Friday. 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 fifty-two week low of $25.07 and a fifty-two week high of $45.83. The stock has a market cap of $454.38 million, a PE ratio of 43.25, a price-to-earnings-growth ratio of 3.45 and a beta of 1.34. The firm’s fifty day simple moving average is $29.77 and its 200-day simple moving average is $31.44.

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 analysts’ consensus estimates of $0.21 by ($0.07). Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%.The company had revenue of $126.48 million for the quarter, compared to analysts’ expectations of $114.49 million. Analysts expect that Bowman Consulting Group will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Raymond Jr. Vicks sold 1,230 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total value of $41,008.20. Following the completion of the transaction, the director owned 18,143 shares of the company’s stock, valued at approximately $604,887.62. The trade was a 6.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.50% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

Several large investors have recently added to or reduced their stakes in BWMN. New York State Teachers Retirement System purchased a new stake in shares of Bowman Consulting Group during the 4th quarter valued at $42,000. Tower Research Capital LLC TRC lifted its stake in shares of Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after purchasing an additional 1,633 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Bowman Consulting Group by 169.6% during the fourth quarter. State of Alaska Department of Revenue now owns 2,599 shares of the company’s stock valued at $84,000 after buying an additional 1,635 shares in the last quarter. NewEdge Advisors LLC grew its stake in Bowman Consulting Group by 478,000.0% during the third quarter. NewEdge Advisors LLC now owns 4,781 shares of the company’s stock worth $203,000 after buying an additional 4,780 shares during the period. Finally, Zacks Investment Management purchased a new position in shares of Bowman Consulting Group in the 3rd quarter valued at $207,000. 63.20% of the stock is currently owned by hedge funds and other 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.