Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Average Recommendation of “Hold” by Brokerages

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $47.50.

Several analysts recently issued reports on BWMN shares. Roth Mkm set a $58.00 price target on Bowman Consulting Group and gave the company a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings downgraded shares of Bowman Consulting Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, June 13th.

Bowman Consulting Group Price Performance

Shares of NASDAQ:BWMN remained flat at $28.68 during trading on Friday. 174,911 shares of the stock traded hands, compared to its average volume of 145,891. Bowman Consulting Group has a twelve month low of $25.96 and a twelve month high of $45.83. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $502.19 million, a PE ratio of 47.80, a P/E/G ratio of 3.81 and a beta of 1.34. The company has a 50-day moving average of $31.48 and a 200 day moving average of $32.21.

Bowman Consulting Group (NASDAQ:BWMN) last issued its earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate 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 company had revenue of $126.48 million for the quarter, compared to analysts’ expectations of $114.49 million. As a group, equities research analysts anticipate that Bowman Consulting Group will post 0.77 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Gary Bowman sold 7,500 shares of the business’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 $230,325.00. Following the sale, the chief executive officer owned 1,353,338 shares in the company, valued at $41,561,009.98. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raymond Jr. Vicks sold 1,230 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total value of $41,008.20. Following the completion of the transaction, the director owned 18,143 shares in the company, valued at $604,887.62. This represents a 6.35% decrease in their position. 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. Insiders have sold 21,230 shares of company stock worth $655,208 over the last ninety days. 17.50% of the stock is owned by insiders.

Institutional Trading of Bowman Consulting Group

Several hedge funds have recently added to or reduced their stakes in BWMN. New York State Teachers Retirement System acquired a new position in Bowman Consulting Group in the 4th quarter valued at approximately $42,000. Tower Research Capital LLC TRC grew its holdings in Bowman Consulting Group by 244.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $66,000 after acquiring an additional 1,633 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Bowman Consulting Group by 169.6% in the 4th quarter. State of Alaska Department of Revenue now owns 2,599 shares of the company’s stock valued at $84,000 after buying an additional 1,635 shares during the period. Quantbot Technologies LP bought a new stake in Bowman Consulting Group during the 3rd quarter worth about $175,000. Finally, NewEdge Advisors LLC lifted its holdings in Bowman Consulting Group by 478,000.0% in the third quarter. NewEdge Advisors LLC now owns 4,781 shares of the company’s stock valued at $203,000 after buying an additional 4,780 shares during the period. Institutional investors own 63.20% of the company’s stock.

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.