Bowman Consulting Group (NASDAQ:BWMN) Issues Quarterly Earnings Results

Bowman Consulting Group (NASDAQ:BWMN) issued its quarterly earnings results on Monday. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.47 by $0.15, FiscalAI reports. Bowman Consulting Group had a net margin of 2.02% and a return on equity of 3.98%. The firm had revenue of $146.13 million for the quarter, compared to analysts’ expectations of $129.35 million.

Bowman Consulting Group Stock Up 55.8%

Shares of BWMN opened at $42.42 on Monday. The firm has a market cap of $742.79 million, a P/E ratio of 70.63, a price-to-earnings-growth ratio of 3.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93. Bowman Consulting Group has a 52 week low of $25.07 and a 52 week high of $45.83. The firm’s 50-day simple moving average is $28.77 and its 200 day simple moving average is $30.78.

Wall Street Analyst Weigh In

BWMN has been the topic of several analyst reports. 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. raised their price target on Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen lowered Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Roth Capital set a $58.00 price objective on Bowman Consulting Group and gave the stock a “buy” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $47.50.

Insider Buying and Selling at Bowman Consulting Group

In other news, Director Raymond Jr. Vicks sold 1,230 shares of Bowman Consulting Group stock in a transaction 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 completion of the sale, the director owned 18,143 shares of the company’s stock, valued at approximately $604,887.62. This trade represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.50% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in 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 in the last quarter. NewEdge Advisors LLC increased its stake in shares of Bowman Consulting Group by 478,000.0% in the third quarter. NewEdge Advisors LLC now owns 4,781 shares of the company’s stock valued at $203,000 after buying an additional 4,780 shares during the period. Zacks Investment Management acquired a new stake in Bowman Consulting Group during the 3rd quarter valued at approximately $207,000. State of Wyoming bought a new position in Bowman Consulting Group during the fourth quarter worth $205,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Bowman Consulting Group in the 3rd quarter worth about $266,000. Institutional investors own 63.20% of the company’s stock.

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.