Bowman Consulting Group (NASDAQ:BWMN) Stock Rating Upgraded by Wall Street Zen

Bowman Consulting Group (NASDAQ:BWMN) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Several other research analysts have also recently weighed in on BWMN. Roth Mkm upped their price target on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, December 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a report on Monday, December 29th. Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. initiated coverage on Bowman Consulting Group in a research note on Friday, January 9th. They set a “neutral” rating and a $40.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Bowman Consulting Group currently has an average rating of “Moderate Buy” and an average target price of $40.90.

Bowman Consulting Group Stock Up 1.7%

NASDAQ:BWMN opened at $33.76 on Friday. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $45.83. The stock has a 50-day moving average price of $34.89 and a two-hundred day moving average price of $37.94. The stock has a market cap of $586.41 million, a price-to-earnings ratio of 36.30, a PEG ratio of 2.04 and a beta of 1.33. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14.

Insiders Place Their Bets

In other news, CEO Gary Bowman sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total transaction of $265,275.00. Following the transaction, the chief executive officer directly owned 1,368,338 shares of the company’s stock, valued at approximately $48,398,115.06. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 40,000 shares of company stock valued at $1,412,400. 17.42% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Bowman Consulting Group by 1.7% in the third quarter. Vanguard Group Inc. now owns 802,969 shares of the company’s stock valued at $34,014,000 after acquiring an additional 13,366 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Bowman Consulting Group by 3,560.2% in the third quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock worth $22,233,000 after acquiring an additional 510,527 shares during the last quarter. Swedbank AB boosted its stake in shares of Bowman Consulting Group by 8.0% in the 3rd quarter. Swedbank AB now owns 450,000 shares of the company’s stock valued at $19,062,000 after purchasing an additional 33,508 shares in the last quarter. Summit Creek Advisors LLC grew its holdings in shares of Bowman Consulting Group by 10.1% during the 4th quarter. Summit Creek Advisors LLC now owns 399,094 shares of the company’s stock valued at $13,178,000 after purchasing an additional 36,645 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Bowman Consulting Group by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 343,015 shares of the company’s stock valued at $9,864,000 after purchasing an additional 9,073 shares during the last quarter. 63.20% of the stock is owned by institutional investors.

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.