Bowman Consulting Group (NASDAQ:BWMN) Cut to “Hold” at Wall Street Zen

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

Several other research firms have also recently commented on BWMN. Roth Capital set a $58.00 target price on Bowman Consulting Group and gave the company a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Three research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $47.50.

Bowman Consulting Group Price Performance

BWMN stock opened at $25.95 on Friday. The stock has a 50-day moving average price of $29.77 and a two-hundred day moving average price of $31.44. The stock has a market cap of $454.38 million, a PE ratio of 43.25, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22. Bowman Consulting Group has a 1 year low of $25.07 and a 1 year high of $45.83.

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

Insider Buying and Selling at Bowman Consulting Group

In related news, Director Raymond Jr. Vicks sold 1,230 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total value of $41,008.20. Following the completion of the transaction, the director directly 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BWMN. Quantinno Capital Management LP raised its holdings in shares of Bowman Consulting Group by 10.9% in the 1st quarter. Quantinno Capital Management LP now owns 10,584 shares of the company’s stock valued at $301,000 after purchasing an additional 1,041 shares during the period. Polar Asset Management Partners Inc. increased its position in Bowman Consulting Group by 12.3% during the first quarter. Polar Asset Management Partners Inc. now owns 320,000 shares of the company’s stock worth $9,101,000 after buying an additional 34,976 shares during the last quarter. Lazard Asset Management LLC raised its stake in Bowman Consulting Group by 12.8% in the first quarter. Lazard Asset Management LLC now owns 111,060 shares of the company’s stock valued at $3,159,000 after buying an additional 12,621 shares during the period. Renaissance Technologies LLC raised its stake in Bowman Consulting Group by 77.5% in the first quarter. Renaissance Technologies LLC now owns 99,379 shares of the company’s stock valued at $2,826,000 after buying an additional 43,379 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Bowman Consulting Group by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock valued at $10,744,000 after buying an additional 43,624 shares during the last quarter. Institutional investors own 63.20% of the company’s stock.

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.