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

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been assigned an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $47.50.

A number of equities analysts have recently weighed in on BWMN shares. Roth Mkm set a $58.00 price target on shares of Bowman Consulting Group and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Wall Street Zen downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Robert W. Baird dropped their price target on shares of 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. Finally, JPMorgan Chase & Co. upped 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.

Bowman Consulting Group Trading Down 0.3%

NASDAQ BWMN opened at $32.24 on Wednesday. Bowman Consulting Group has a 1-year low of $25.96 and a 1-year high of $45.83. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $564.52 million, a PE ratio of 53.73, a price-to-earnings-growth ratio of 4.29 and a beta of 1.33. The firm’s fifty day simple moving average is $31.65 and its 200-day simple moving average is $32.81.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%.The company had revenue of $126.48 million during the quarter, compared to analyst estimates of $114.49 million. As a group, sell-side analysts anticipate that Bowman Consulting Group will post 0.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gary Bowman sold 12,500 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were 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 of the company’s stock, valued at approximately $27,840,918.25. This represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock in a transaction on 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 directly owned 18,143 shares in the company, valued at $604,887.62. The trade was a 6.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,230 shares of company stock worth $655,208 over the last ninety days. 17.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bowman Consulting Group

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Bowman Consulting Group by 1.7% during the third quarter. Vanguard Group Inc. now owns 802,969 shares of the company’s stock worth $34,014,000 after buying an additional 13,366 shares during the last quarter. Alliancebernstein L.P. increased its position in Bowman Consulting Group by 3,560.2% during the third quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock worth $22,233,000 after buying an additional 510,527 shares during the last quarter. Summit Creek Advisors LLC increased its position in Bowman Consulting Group by 10.1% during the fourth quarter. Summit Creek Advisors LLC now owns 399,094 shares of the company’s stock worth $13,178,000 after buying an additional 36,645 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Bowman Consulting Group by 13.1% during the first quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after buying an additional 43,624 shares during the last quarter. Finally, 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. 63.20% of the stock is owned by institutional investors and hedge funds.

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.