Bowman Consulting Group (NASDAQ:BWMN) Issues Earnings Results

Bowman Consulting Group (NASDAQ:BWMN) posted its quarterly earnings results on Wednesday. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07, FiscalAI reports. The business had revenue of $128.96 million for the quarter. Bowman Consulting Group had a return on equity of 6.30% and a net margin of 3.33%.

Bowman Consulting Group Stock Performance

BWMN stock traded up $0.37 during midday trading on Wednesday, hitting $32.94. 102,116 shares of the stock traded hands, compared to its average volume of 117,062. Bowman Consulting Group has a 1-year low of $17.90 and a 1-year high of $45.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.30 and a quick ratio of 1.30. The stock’s fifty day simple moving average is $34.44 and its 200-day simple moving average is $37.65. The firm has a market cap of $572.27 million, a P/E ratio of 35.42, a PEG ratio of 1.99 and a beta of 1.34.

Insider Activity

In other news, CEO Gary Bowman sold 7,500 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total transaction of $265,275.00. Following the sale, the chief executive officer directly owned 1,368,338 shares of the company’s stock, valued at $48,398,115.06. This represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 40,000 shares of company stock worth $1,412,400. Corporate insiders own 17.42% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

A number of hedge funds have recently bought and sold shares of BWMN. VARCOV Co. purchased a new stake in shares of Bowman Consulting Group in the fourth quarter valued at approximately $296,000. Caxton Associates LLP acquired a new stake in Bowman Consulting Group in the 3rd quarter valued at $288,000. Jane Street Group LLC purchased a new stake in Bowman Consulting Group in the 1st quarter worth $287,000. Intech Investment Management LLC increased its holdings in Bowman Consulting Group by 15.0% in the 4th quarter. Intech Investment Management LLC now owns 8,552 shares of the company’s stock worth $282,000 after acquiring an additional 1,114 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in Bowman Consulting Group during the third quarter worth $266,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a report on Monday, December 29th. JPMorgan Chase & Co. started coverage on shares of Bowman Consulting Group in a report on Friday, January 9th. They issued a “neutral” rating and a $40.00 price objective on the stock. Roth Mkm increased their price objective on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Wall Street Zen upgraded shares of Bowman Consulting Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Finally, Zacks Research lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Bowman Consulting Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.90.

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.