Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives Average Rating of “Hold” from Brokerages

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One research 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 1 year price objective among brokers that have updated their coverage on the stock in the last year is $47.50.

BWMN has been the subject of a number of research analyst reports. Roth Mkm set a $58.00 price objective on Bowman Consulting Group and gave the stock a “buy” rating in a report on Thursday, May 7th. Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. boosted their price objective on Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Weiss Ratings upgraded Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 4th. Finally, Robert W. Baird reduced their price objective on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a report on Friday, March 6th.

Insider Activity at Bowman Consulting Group

In related news, CEO Gary Bowman sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $30.71, for a total value of $230,325.00. Following the completion of the sale, the chief executive officer directly owned 1,353,338 shares in the company, valued at approximately $41,561,009.98. The trade was a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total transaction of $41,008.20. Following the transaction, the director owned 18,143 shares of the company’s stock, valued at approximately $604,887.62. This represents a 6.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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

Several institutional investors have recently modified their holdings of the stock. Quantinno Capital Management LP increased its holdings in shares of Bowman Consulting Group by 10.9% during the first quarter. Quantinno Capital Management LP now owns 10,584 shares of the company’s stock worth $301,000 after buying an additional 1,041 shares in the last quarter. Polar Asset Management Partners Inc. increased its holdings in shares of 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 in the last quarter. Lazard Asset Management LLC grew its stake in shares of Bowman Consulting Group by 12.8% in the first quarter. Lazard Asset Management LLC now owns 111,060 shares of the company’s stock worth $3,159,000 after purchasing an additional 12,621 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Bowman Consulting Group by 77.5% in the first quarter. Renaissance Technologies LLC now owns 99,379 shares of the company’s stock worth $2,826,000 after purchasing an additional 43,379 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake 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 worth $10,744,000 after purchasing an additional 43,624 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Bowman Consulting Group Price Performance

Shares of NASDAQ BWMN opened at $31.34 on Wednesday. The business’s 50 day moving average price is $31.87 and its two-hundred day moving average price is $32.70. The company has a market cap of $548.76 million, a PE ratio of 52.23, a price-to-earnings-growth ratio of 4.19 and a beta of 1.33. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. Bowman Consulting Group has a twelve month low of $25.96 and a twelve month high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) 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 firm had revenue of $126.48 million for the quarter, compared to the consensus estimate of $114.49 million. On average, analysts predict that Bowman Consulting Group will post 0.77 EPS for the current year.

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.