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

Wall Street Zen lowered shares of Bowman Consulting Group (NASDAQ:BWMN) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other research analysts also recently issued research reports about the company. Robert W. Baird reduced their target price on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Roth Mkm set a $58.00 target price on Bowman Consulting Group and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Friday, March 27th. Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, 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 research note on Friday. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Bowman Consulting Group presently has an average rating of “Hold” and an average price target of $47.50.

Bowman Consulting Group Stock Up 0.1%

BWMN stock opened at $34.77 on Friday. Bowman Consulting Group has a fifty-two week low of $24.26 and a fifty-two week high of $45.83. The business’s 50 day moving average price is $30.48 and its two-hundred day moving average price is $33.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.93. The company has a market capitalization of $608.75 million, a price-to-earnings ratio of 57.95, a price-to-earnings-growth ratio of 2.05 and a beta of 1.36.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share 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 firm had revenue of $126.48 million for the quarter, compared to analysts’ expectations of $114.49 million. As a group, analysts forecast that Bowman Consulting Group will post 0.95 earnings per share for the current fiscal year.

Insider Buying and Selling at Bowman Consulting Group

In related 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 value of $230,325.00. Following the sale, the chief executive officer owned 1,353,338 shares in the company, valued at $41,561,009.98. This represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.42% of the stock is owned by insiders.

Institutional Trading of Bowman Consulting Group

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Bowman Consulting Group by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock valued at $10,744,000 after purchasing an additional 43,624 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Bowman Consulting Group by 87.3% during the 1st quarter. Principal Financial Group Inc. now owns 29,005 shares of the company’s stock valued at $825,000 after purchasing an additional 13,523 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Bowman Consulting Group during the 1st quarter valued at $196,000. Strs Ohio boosted its stake in Bowman Consulting Group by 7.1% during the 1st quarter. Strs Ohio now owns 18,100 shares of the company’s stock valued at $515,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in Bowman Consulting Group by 16.1% during the 1st quarter. Conestoga Capital Advisors LLC now owns 66,530 shares of the company’s stock valued at $1,892,000 after purchasing an additional 9,235 shares during the last quarter. 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.