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

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $47.50.

Several brokerages have commented on BWMN. Roth Capital set a $58.00 price target on shares of Bowman Consulting Group and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their target price on Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Wall Street Zen lowered Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th.

Bowman Consulting Group Stock Up 1.7%

Shares of NASDAQ BWMN traded up $0.43 during midday trading on Thursday, reaching $26.36. The company’s stock had a trading volume of 3,767 shares, compared to its average volume of 140,448. The stock has a 50 day simple moving average of $29.47 and a 200-day simple moving average of $31.23. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $461.63 million, a price-to-earnings ratio of 44.10, a PEG ratio of 3.33 and a beta of 1.34. Bowman Consulting Group has a fifty-two week low of $25.07 and a fifty-two week high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.07). The business had revenue of $126.48 million for the quarter, compared to analyst estimates of $114.49 million. Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%. Equities research analysts predict that Bowman Consulting Group will post 0.82 earnings per share for the current year.

Insider Buying and Selling at Bowman Consulting Group

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 transaction of $41,008.20. Following the transaction, the director owned 18,143 shares of the company’s stock, valued at $604,887.62. The trade was a 6.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bowman Consulting Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in Bowman Consulting Group by 51.0% during the first quarter. Royal Bank of Canada now owns 48,613 shares of the company’s stock worth $1,061,000 after acquiring an additional 16,421 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Bowman Consulting Group by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock valued at $1,095,000 after acquiring an additional 2,203 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Bowman Consulting Group in the 1st quarter valued at about $287,000. JPMorgan Chase & Co. grew its position in shares of Bowman Consulting Group by 40.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,128 shares of the company’s stock valued at $262,000 after acquiring an additional 2,608 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Bowman Consulting Group by 8.2% during the 2nd quarter. Rhumbline Advisers now owns 20,369 shares of the company’s stock worth $586,000 after purchasing an additional 1,540 shares during the last quarter. 63.20% of the stock is 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.