Bowman Consulting Group (NASDAQ:BWMN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bowman Consulting Group (NASDAQ:BWMN) from a hold rating to a buy rating in a research report released on Saturday.

Several other analysts have also recently issued reports on BWMN. Texas Capital cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded Bowman Consulting Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Wolfe Research set a $43.00 price objective on shares of Bowman Consulting Group in a report on Tuesday, August 11th. Finally, Capital One Financial set a $43.00 price objective on shares of Bowman Consulting Group in a research report on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.29.

Bowman Consulting Group Trading Up 0.2%

BWMN opened at $42.37 on Friday. The firm has a market capitalization of $734.70 million, a price-to-earnings ratio of 105.92 and a beta of 1.36. The company’s 50 day simple moving average is $29.97 and its two-hundred day simple moving average is $31.06. Bowman Consulting Group has a 1-year low of $25.07 and a 1-year high of $45.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.15. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%.The business had revenue of $146.13 million during the quarter, compared to analyst estimates of $129.35 million. Analysts expect that Bowman Consulting Group will post 0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bowman Consulting Group news, Director Patricia Mulroy sold 883 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $42.37, for a total transaction of $37,412.71. Following the completion of the sale, the director owned 26,330 shares of the company’s stock, valued at $1,115,602.10. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.50% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

Several large investors have recently modified their holdings of BWMN. BlackRock Inc. purchased a new position in shares of Bowman Consulting Group during the 2nd quarter worth $31,113,000. Vanguard Group Inc. raised its holdings in Bowman Consulting Group by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 802,969 shares of the company’s stock valued at $34,014,000 after buying an additional 13,366 shares during the period. Alliancebernstein L.P. raised its holdings in Bowman Consulting Group by 3,560.2% in the 3rd quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock valued at $22,233,000 after buying an additional 510,527 shares during the period. Summit Creek Advisors LLC raised its holdings in Bowman Consulting Group by 10.1% in the 4th quarter. Summit Creek Advisors LLC now owns 399,094 shares of the company’s stock valued at $13,178,000 after buying an additional 36,645 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Bowman Consulting Group by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock valued at $10,744,000 after buying an additional 43,624 shares during the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

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.