Bowman Consulting Group (NASDAQ:BWMN) Upgraded to “Buy” at Wall Street Zen

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

BWMN has been the subject of several other reports. Roth Mkm set a $58.00 target price on Bowman Consulting Group and gave the company a “buy” rating in a report on Thursday, May 7th. Robert W. Baird decreased their price target on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, March 6th. Weiss Ratings raised Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Finally, JPMorgan Chase & Co. upped 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. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $47.50.

Bowman Consulting Group Stock Down 1.4%

Shares of NASDAQ:BWMN opened at $31.07 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $31.80 and a two-hundred day moving average of $32.77. The stock has a market cap of $544.04 million, a P/E ratio of 51.78, a PEG ratio of 4.18 and a beta of 1.33. Bowman Consulting Group has a 52-week low of $25.96 and a 52-week high of $45.83.

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

Insider Activity

In related news, Director Raymond Jr. Vicks sold 1,230 shares of the stock in a transaction dated 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 approximately $604,887.62. This represents a 6.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Bowman sold 12,500 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $30.71, for a total value of $383,875.00. Following the transaction, the chief executive officer directly owned 906,575 shares in the company, valued at approximately $27,840,918.25. The trade was a 1.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 21,230 shares of company stock worth $655,208. 17.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bowman Consulting Group

Several hedge funds have recently bought and sold shares of BWMN. Alliancebernstein L.P. increased its holdings in Bowman Consulting Group by 3,560.2% during the 3rd quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock worth $22,233,000 after purchasing an additional 510,527 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Bowman Consulting Group during the 3rd quarter worth about $6,590,000. Tudor Investment Corp ET AL purchased a new stake in Bowman Consulting Group during the 3rd quarter worth about $3,958,000. JPMorgan Chase & Co. increased its holdings in Bowman Consulting Group by 998.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock worth $4,249,000 after purchasing an additional 91,181 shares during the period. Finally, Polar Asset Management Partners Inc. increased its holdings in Bowman Consulting Group by 30.2% during the 4th quarter. Polar Asset Management Partners Inc. now owns 285,024 shares of the company’s stock worth $9,411,000 after purchasing an additional 66,029 shares during the period. Institutional investors and hedge funds 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.