Bowman Consulting Group (NASDAQ:BWMN) Cut to “Hold” at Wall Street Zen

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

BWMN has been the topic of several other research reports. Weiss Ratings raised Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. raised their target price on Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Roth Capital set a $58.00 target price on Bowman Consulting Group and gave the stock a “buy” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $47.50.

Bowman Consulting Group Trading Up 1.1%

Shares of BWMN stock opened at $26.23 on Friday. Bowman Consulting Group has a 52-week low of $25.07 and a 52-week high of $45.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93. The company has a 50-day simple moving average of $29.66 and a two-hundred day simple moving average of $31.35. The company has a market capitalization of $459.29 million, a price-to-earnings ratio of 43.72, a PEG ratio of 3.48 and a beta of 1.34.

Bowman Consulting Group (NASDAQ:BWMN) last posted 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). The firm had revenue of $126.48 million for the quarter, compared to the consensus estimate of $114.49 million. Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%. Research analysts anticipate that Bowman Consulting Group will post 0.77 EPS for the current fiscal year.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, Director Raymond Jr. Vicks sold 1,230 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $33.34, for a total value of $41,008.20. Following the sale, the director directly owned 18,143 shares in the company, valued at $604,887.62. The trade was a 6.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BWMN. Alliancebernstein L.P. increased 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 worth $22,233,000 after acquiring an additional 510,527 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Bowman Consulting Group during the third quarter worth about $6,590,000. Tudor Investment Corp ET AL purchased a new position in shares of Bowman Consulting Group in the third quarter worth about $3,958,000. JPMorgan Chase & Co. raised its position in shares of Bowman Consulting Group by 998.9% in the third quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock valued at $4,249,000 after purchasing an additional 91,181 shares during the period. Finally, Polar Asset Management Partners Inc. lifted its stake in shares of Bowman Consulting Group by 30.2% during the 4th quarter. Polar Asset Management Partners Inc. now owns 285,024 shares of the company’s stock valued at $9,411,000 after buying an additional 66,029 shares in the last quarter. 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.