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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has received an average rating of “Reduce” from the eight research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $43.00.

Several brokerages have recently issued reports on BWMN. Capital One Financial set a $43.00 target price on Bowman Consulting Group in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lowered Bowman Consulting Group from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $40.00 to $43.00 in a research report on Friday, August 21st. Roth Capital downgraded Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a report on Wednesday, August 12th. Wall Street Zen upgraded shares of Bowman Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Craig Hallum cut shares of Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a report on Tuesday, August 11th.

Bowman Consulting Group Trading Up 0.1%

NASDAQ:BWMN traded up $0.03 during midday trading on Friday, reaching $42.48. 27,026 shares of the stock traded hands, compared to its average volume of 196,999. The stock has a market capitalization of $736.52 million, a P/E ratio of 106.22 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. The company has a fifty day moving average of $35.82 and a 200 day moving average of $32.47. Bowman Consulting Group has a 12 month low of $25.07 and a 12 month high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings results on Monday, August 10th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.15. The business had revenue of $146.12 million during the quarter, compared to analyst estimates of $129.35 million. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. On average, research analysts predict that Bowman Consulting Group will post 0.75 EPS for the current year.

Insider Transactions at Bowman Consulting Group

In related news, Director Patricia Mulroy sold 883 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $42.37, for a total transaction of $37,412.71. Following the transaction, the director owned 26,330 shares in the company, valued at $1,115,602.10. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed 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. Corporate insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC lifted its stake in shares of Bowman Consulting Group by 110.6% in the 2nd quarter. Squarepoint Ops LLC now owns 78,687 shares of the company’s stock worth $2,298,000 after purchasing an additional 41,315 shares during the period. Wellington Management Group LLP grew its position in Bowman Consulting Group by 215.2% during the second quarter. Wellington Management Group LLP now owns 184,736 shares of the company’s stock valued at $5,394,000 after buying an additional 126,136 shares during the period. Grandeur Peak Global Advisors LLC bought a new stake in Bowman Consulting Group during the second quarter valued at approximately $799,000. Bank of America Corp DE purchased a new stake in Bowman Consulting Group during the second quarter valued at approximately $760,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Bowman Consulting Group during the second quarter valued at approximately $7,210,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. is an engineering services firm that provides infrastructure-related consulting and technical services to public- and private-sector clients. The company supports projects across transportation, water, power and utilities, renewable energy, commercial and residential real estate, and other infrastructure markets.

Its services include civil engineering, surveying and geomatics, environmental consulting, land planning, landscape architecture, right-of-way services, construction management and inspection, and program and project management.