Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Consensus Recommendation of “Hold” by Brokerages

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been given a consensus recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $47.50.

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the stock 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. Robert W. Baird reduced their target price on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Weiss Ratings cut Bowman Consulting Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Finally, Zacks Research lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th.

Bowman Consulting Group Trading Down 5.2%

NASDAQ:BWMN opened at $31.16 on Friday. Bowman Consulting Group has a fifty-two week low of $24.70 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. The stock has a market capitalization of $545.55 million, a PE ratio of 51.93, a price-to-earnings-growth ratio of 4.37 and a beta of 1.36. The business’s 50-day simple moving average is $30.47 and its 200-day simple moving average is $33.58.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). The business had revenue of $126.48 million for the quarter, compared to the consensus estimate of $114.49 million. Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%. Sell-side analysts expect that Bowman Consulting Group will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bowman Consulting Group news, Director Raymond Jr. Vicks sold 1,230 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $33.34, for a total value of $41,008.20. Following the sale, the director owned 18,143 shares in the company, valued at approximately $604,887.62. The trade was a 6.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the chief executive officer directly owned 1,353,338 shares of the company’s stock, valued at approximately $41,561,009.98. This trade represents a 0.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,230 shares of company stock worth $655,208. 17.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new position in Bowman Consulting Group in the third quarter valued at $40,000. New York State Teachers Retirement System bought a new stake in Bowman Consulting Group in the fourth quarter valued at approximately $42,000. Tower Research Capital LLC TRC lifted its position in shares of Bowman Consulting Group by 244.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after buying an additional 1,633 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Bowman Consulting Group in the third quarter valued at approximately $175,000. Finally, Strs Ohio bought a new position in shares of Bowman Consulting Group during the 3rd quarter worth approximately $182,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

About Bowman Consulting Group

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.