Weiss Ratings Reiterates Hold (C) Rating for Bowman Consulting Group (NASDAQ:BWMN)

Bowman Consulting Group (NASDAQ:BWMN)‘s stock had its “hold (c)” rating reissued by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the company. Zacks Research raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. B. Riley lifted their price target on Bowman Consulting Group from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bowman Consulting Group currently has an average rating of “Moderate Buy” and a consensus price target of $38.17.

Bowman Consulting Group Stock Performance

Shares of BWMN opened at $42.74 on Wednesday. The stock has a 50-day moving average of $40.60 and a two-hundred day moving average of $31.22. Bowman Consulting Group has a one year low of $17.90 and a one year high of $44.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $737.27 million, a P/E ratio of 71.23 and a beta of 1.31.

Insider Buying and Selling

In related news, CEO Gary Bowman sold 12,500 shares of Bowman Consulting Group stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $42.39, for a total value of $529,875.00. Following the completion of the transaction, the chief executive officer owned 919,024 shares in the company, valued at $38,957,427.36. The trade was a 1.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen A. Riddick sold 3,000 shares of Bowman Consulting Group stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $41.04, for a total value of $123,120.00. Following the completion of the transaction, the director owned 18,461 shares of the company’s stock, valued at approximately $757,639.44. This represents a 13.98% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,350 shares of company stock worth $1,459,716. Corporate insiders own 17.42% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in shares of Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after purchasing an additional 1,633 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Bowman Consulting Group by 700.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,312 shares of the company’s stock valued at $239,000 after purchasing an additional 7,274 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of Bowman Consulting Group in the 2nd quarter valued at about $217,000. Ameriprise Financial Inc. purchased a new position in shares of Bowman Consulting Group in the 2nd quarter valued at about $571,000. Finally, Marshall Wace LLP increased its stake in shares of Bowman Consulting Group by 4.7% in the 2nd quarter. Marshall Wace LLP now owns 152,646 shares of the company’s stock valued at $4,389,000 after purchasing an additional 6,814 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.