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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has received an average rating of “Reduce” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $43.00.

BWMN has been the topic of a number of research analyst reports. Texas Capital lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Wolfe Research set a $43.00 target price on shares of Bowman Consulting Group in a research report on Tuesday, August 11th. B. Riley Financial cut shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Roth Capital downgraded Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research report on Wednesday, August 12th. Finally, Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $42.55, for a total value of $957,375.00. Following the sale, the chief executive officer owned 1,272,838 shares of the company’s stock, valued at $54,159,256.90. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia Mulroy sold 883 shares of the firm’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 value of $37,412.71. Following the completion of the sale, the director directly owned 26,330 shares in the company, valued at $1,115,602.10. This trade represents a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 61,797 shares of company stock valued at $2,615,310. 17.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Bowman Consulting Group during the 2nd quarter valued at $31,113,000. Summit Creek Advisors LLC grew its position in Bowman Consulting Group by 10.1% in the 4th quarter. Summit Creek Advisors LLC now owns 399,094 shares of the company’s stock worth $13,178,000 after purchasing an additional 36,645 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bowman Consulting Group by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after purchasing an additional 43,624 shares during the period. Polar Asset Management Partners Inc. increased its holdings in shares of Bowman Consulting Group by 12.3% during the 1st quarter. Polar Asset Management Partners Inc. now owns 320,000 shares of the company’s stock worth $9,101,000 after purchasing an additional 34,976 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Bowman Consulting Group by 215.2% during the second quarter. Wellington Management Group LLP now owns 184,736 shares of the company’s stock valued at $5,394,000 after buying an additional 126,136 shares during the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

Bowman Consulting Group Price Performance

Shares of Bowman Consulting Group stock opened at $42.56 on Friday. The stock has a market capitalization of $737.99 million, a P/E ratio of 106.40 and a beta of 1.44. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average price of $37.38 and a two-hundred day moving average price of $32.86. Bowman Consulting Group has a 12-month low of $25.07 and a 12-month high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings results on Monday, August 10th. The company reported $0.62 EPS for the quarter, beating 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 company had revenue of $146.12 million for the quarter, compared to analyst estimates of $129.35 million. Equities analysts expect that Bowman Consulting Group will post 0.75 earnings per share for the current year.

About Bowman Consulting Group

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.