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

Bowman Consulting Group (NASDAQ:BWMN) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. initiated coverage on Bowman Consulting Group in a report on Friday, January 9th. They issued a “neutral” rating and a $40.00 target price for the company. Zacks Research downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Robert W. Baird reduced their price target on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Monday, December 29th. Finally, Roth Mkm raised their price objective on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Bowman Consulting Group Stock Up 0.9%

Shares of NASDAQ:BWMN opened at $29.27 on Friday. The company has a market capitalization of $508.42 million, a price-to-earnings ratio of 41.23, a PEG ratio of 1.74 and a beta of 1.34. Bowman Consulting Group has a 12-month low of $17.90 and a 12-month high of $45.83. The business has a 50-day moving average price of $34.20 and a 200 day moving average price of $37.48. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Wednesday, March 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $128.96 million for the quarter, compared to analyst estimates of $129.12 million. Bowman Consulting Group had a return on equity of 4.82% and a net margin of 2.48%.

Insider Buying and Selling at Bowman Consulting Group

In related news, CEO Gary Bowman sold 12,500 shares of Bowman Consulting Group stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $35.37, for a total value of $442,125.00. Following the transaction, the chief executive officer owned 879,943 shares in the company, valued at approximately $31,123,583.91. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 40,000 shares of company stock valued at $1,412,400. 17.42% of the stock is owned by company insiders.

Institutional Trading of Bowman Consulting Group

Several large investors have recently added to or reduced their stakes in BWMN. Royal Bank of Canada lifted its stake in shares of 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 purchasing an additional 16,421 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Bowman Consulting Group by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock worth $1,095,000 after buying an additional 2,203 shares during the period. Jane Street Group LLC acquired a new position in Bowman Consulting Group in the 1st quarter worth $287,000. Los Angeles Capital Management LLC acquired a new position in Bowman Consulting Group in the 2nd quarter worth $2,022,000. Finally, Boston Partners boosted its stake in shares of Bowman Consulting Group by 3.5% during the 2nd quarter. Boston Partners now owns 23,738 shares of the company’s stock valued at $682,000 after buying an additional 813 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Bowman Consulting Group

Here are the key news stories impacting Bowman Consulting Group this week:

• Positive Sentiment: Q4 EPS beat — Bowman reported $0.45 EPS vs. consensus $0.38, beating estimates; revenue was essentially in line. The beat supports near-term momentum for the stock. Zacks: Q4 Beats
• Positive Sentiment: Earnings call highlights/record growth — Management framed the quarter as record growth with commentary and detail that investors typically view as supportive of multiple expansion if guidance remains constructive. Yahoo: Q4 Highlights
• Positive Sentiment: Full call materials and transcript available — Detailed transcripts and the earnings presentation let investors dig into segment performance, backlog and margin drivers (useful for modelling forward quarters). Seeking Alpha: Transcript
• Neutral Sentiment: Short-interest report appears to show 0 shares and NaN changes — the published March short-interest entries look erroneous or incomplete, so they’re not a meaningful signal right now.
• Neutral Sentiment: Volume and technicals — Today’s trading volume is materially above average, indicating increased attention; however the stock trades below its 50- and 200-day moving averages, so technical resistance remains.
• Negative Sentiment: Analyst price-target cut — Robert W. Baird lowered its target from $43 to $37 but maintained an “outperform” rating, signaling some analyst caution despite continued bullish stance. Benzinga: Baird PT Cut

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.