Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Consensus Recommendation of “Hold” by Brokerages

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

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Bowman Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Roth Capital set a $58.00 price objective on Bowman Consulting Group and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday.

Insider Activity at Bowman Consulting Group

In related news, CEO Gary Bowman sold 7,500 shares of Bowman Consulting Group stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $30.71, for a total value of $230,325.00. Following the sale, the chief executive officer directly owned 1,353,338 shares in the company, valued at $41,561,009.98. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raymond Jr. Vicks sold 1,230 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $33.34, for a total value of $41,008.20. Following the transaction, the director directly owned 18,143 shares in the company, valued at $604,887.62. This represents a 6.35% 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. Insiders sold a total of 21,230 shares of company stock valued at $655,208 over the last three months. Insiders own 17.50% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its holdings in Bowman Consulting Group by 3.8% in the third quarter. Franklin Resources Inc. now owns 10,289 shares of the company’s stock valued at $436,000 after buying an additional 377 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Bowman Consulting Group by 4.9% during the 4th quarter. Deutsche Bank AG now owns 9,473 shares of the company’s stock worth $313,000 after acquiring an additional 444 shares in the last quarter. Creative Planning boosted its stake in shares of Bowman Consulting Group by 5.0% during the 3rd quarter. Creative Planning now owns 13,818 shares of the company’s stock worth $585,000 after acquiring an additional 661 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Bowman Consulting Group by 5.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,880 shares of the company’s stock worth $558,000 after acquiring an additional 865 shares during the period. Finally, ARS Investment Partners LLC grew its holdings in shares of Bowman Consulting Group by 16.9% in the 4th quarter. ARS Investment Partners LLC now owns 6,179 shares of the company’s stock worth $204,000 after acquiring an additional 892 shares during the period. Institutional investors and hedge funds own 63.20% of the company’s stock.

Bowman Consulting Group Price Performance

Shares of NASDAQ BWMN opened at $27.91 on Friday. The stock has a fifty day moving average price of $31.24 and a 200 day moving average price of $32.00. Bowman Consulting Group has a 1-year low of $25.96 and a 1-year high of $45.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $488.65 million, a PE ratio of 46.52, a P/E/G ratio of 3.73 and a beta of 1.34.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data 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). Bowman Consulting Group had a net margin of 2.02% and a return on equity of 3.98%. The firm had revenue of $126.48 million during the quarter, compared to analyst estimates of $114.49 million. Sell-side analysts forecast that Bowman Consulting Group will post 0.77 EPS for the current year.

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.