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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has earned an average rating of “Reduce” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $43.00.

BWMN has been the subject of several research reports. JPMorgan Chase & Co. lowered Bowman Consulting Group from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $40.00 to $43.00 in a report on Friday, August 21st. Craig Hallum cut Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a research report on Tuesday, August 11th. Texas Capital lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings raised shares of Bowman Consulting Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Finally, Wolfe Research set a $43.00 target price on shares of Bowman Consulting Group in a research report on Tuesday, August 11th.

Bowman Consulting Group Stock Up 0.1%

Shares of NASDAQ:BWMN traded up $0.03 during midday trading on Friday, hitting $42.48. 27,026 shares of the company’s stock were exchanged, compared to its average volume of 196,999. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. Bowman Consulting Group has a 12 month low of $25.07 and a 12 month high of $45.83. The company has a market cap of $736.52 million, a PE ratio of 106.22 and a beta of 1.44. The stock has a 50 day moving average price of $35.82 and a 200-day moving average price of $32.47.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.15. Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. The firm had revenue of $146.12 million for the quarter, compared to the consensus estimate of $129.35 million. On average, sell-side analysts anticipate that Bowman Consulting Group will post 0.75 EPS for the current fiscal year.

Insider Activity

In related news, Director Patricia Mulroy sold 883 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $42.37, for a total transaction of $37,412.71. Following the sale, the director owned 26,330 shares of the company’s stock, valued at approximately $1,115,602.10. This represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds have recently bought and sold shares of BWMN. Legal & General Group Plc purchased a new stake in shares of Bowman Consulting Group in the 2nd quarter valued at $42,000. Globeflex Capital L P bought a new stake in Bowman Consulting Group in the second quarter worth $121,000. Fiduciary Financial Advisors bought a new stake in Bowman Consulting Group in the second quarter worth $153,000. Fifth Third Bancorp purchased a new stake in Bowman Consulting Group during the first quarter valued at about $196,000. Finally, Quantinno Capital Management LP boosted its position in Bowman Consulting Group by 10.9% during the first quarter. Quantinno Capital Management LP now owns 10,584 shares of the company’s stock valued at $301,000 after buying an additional 1,041 shares during the period. 63.20% of the stock is currently owned by institutional investors.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. is an engineering services firm that provides infrastructure-related consulting and technical services to public- and private-sector clients. The company supports projects across transportation, water, power and utilities, renewable energy, commercial and residential real estate, and other infrastructure markets.

Its services include civil engineering, surveying and geomatics, environmental consulting, land planning, landscape architecture, right-of-way services, construction management and inspection, and program and project management.