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

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

BWMN has been the topic of a number of recent research reports. Weiss Ratings lowered Bowman Consulting Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Zacks Research lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price objective 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 downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Robert W. Baird decreased their target price on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th.

Bowman Consulting Group Price Performance

Shares of BWMN opened at $31.16 on Friday. The firm has a market capitalization of $545.55 million, a PE ratio of 51.93, a PEG ratio of 4.37 and a beta of 1.36. The company’s 50-day moving average is $30.47 and its 200-day moving average is $33.58. Bowman Consulting Group has a fifty-two week low of $24.70 and a fifty-two week 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.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $114.49 million. Equities analysts forecast that Bowman Consulting Group will post 0.77 EPS for the current year.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, Director Raymond Jr. Vicks sold 1,230 shares of Bowman Consulting Group 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 completion of the transaction, the director directly owned 18,143 shares of the company’s stock, valued at $604,887.62. The trade was a 6.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Bowman sold 7,500 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 $230,325.00. Following the sale, the chief executive officer owned 1,353,338 shares of the company’s stock, valued at approximately $41,561,009.98. The trade was a 0.55% 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. Over the last quarter, insiders sold 21,230 shares of company stock valued at $655,208. 17.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted 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 purchasing an additional 13,366 shares during the period. Alliancebernstein L.P. increased its holdings in Bowman Consulting Group by 3,560.2% in the 3rd quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock valued at $22,233,000 after buying an additional 510,527 shares during the period. Summit Creek Advisors LLC raised its position in shares of Bowman Consulting Group by 10.1% in the 4th quarter. Summit Creek Advisors LLC now owns 399,094 shares of the company’s stock valued at $13,178,000 after buying an additional 36,645 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Bowman Consulting Group by 13.1% in the 1st 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 in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its holdings in shares of Bowman Consulting Group by 12.3% during the 1st quarter. Polar Asset Management Partners Inc. now owns 320,000 shares of the company’s stock worth $9,101,000 after acquiring an additional 34,976 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.