Bowman Consulting Group (NASDAQ:BWMN) Issues Earnings Results, Misses Estimates By $0.07 EPS

Bowman Consulting Group (NASDAQ:BWMN) announced its quarterly earnings data on Tuesday. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.07), FiscalAI reports. Bowman Consulting Group had a net margin of 2.48% and a return on equity of 4.78%. The firm had revenue of $126.48 million for the quarter, compared to the consensus estimate of $114.49 million.

Bowman Consulting Group Stock Up 4.7%

Shares of NASDAQ BWMN traded up $1.53 during mid-day trading on Tuesday, hitting $34.00. 140,680 shares of the stock traded hands, compared to its average volume of 89,551. Bowman Consulting Group has a 52 week low of $22.30 and a 52 week high of $45.83. The company has a market cap of $582.08 million, a price-to-earnings ratio of 47.89, a PEG ratio of 1.91 and a beta of 1.36. The stock has a fifty day moving average price of $30.36 and a 200-day moving average price of $34.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99.

Insider Buying and Selling at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $30.71, for a total transaction of $383,875.00. Following the completion of the transaction, the chief executive officer owned 906,575 shares of the company’s stock, valued at approximately $27,840,918.25. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.42% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of institutional investors have recently modified their holdings of BWMN. Vanguard Group Inc. raised its position in shares of Bowman Consulting Group by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 802,969 shares of the company’s stock worth $34,014,000 after purchasing an additional 13,366 shares during the last quarter. Alliancebernstein L.P. grew its position in Bowman Consulting Group by 3,560.2% during the 3rd quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock valued at $22,233,000 after purchasing an additional 510,527 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Bowman Consulting Group by 9.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 334,175 shares of the company’s stock valued at $11,036,000 after purchasing an additional 29,189 shares in the last quarter. Polar Asset Management Partners Inc. raised its holdings in Bowman Consulting Group by 30.2% in the fourth quarter. Polar Asset Management Partners Inc. now owns 285,024 shares of the company’s stock worth $9,411,000 after buying an additional 66,029 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Bowman Consulting Group by 4.8% in the fourth quarter. State Street Corp now owns 278,504 shares of the company’s stock worth $9,196,000 after buying an additional 12,829 shares in the last quarter. 63.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Friday, March 27th. Wall Street Zen lowered Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Robert W. Baird decreased their target price on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, March 6th. JPMorgan Chase & Co. assumed coverage on shares of Bowman Consulting Group in a research report on Friday, January 9th. They issued a “neutral” rating and a $40.00 price objective on the stock. Finally, Zacks Research downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

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.