Wall Street Zen Downgrades Bowman Consulting Group (NASDAQ:BWMN) to Hold

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

Several other research analysts also recently weighed in on BWMN. Weiss Ratings upgraded shares of Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price objective on Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Roth Capital set a $58.00 price objective on Bowman Consulting Group and gave the stock a “buy” rating in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.50.

Bowman Consulting Group Trading Down 0.0%

Shares of Bowman Consulting Group stock opened at $25.95 on Friday. The firm has a 50-day simple moving average of $29.77 and a two-hundred day simple moving average of $31.41. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93. Bowman Consulting Group has a fifty-two week low of $25.07 and a fifty-two week high of $45.83. The company has a market cap of $454.38 million, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 3.48 and a beta of 1.34.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). The business had revenue of $126.48 million for the quarter, compared to analysts’ expectations of $114.49 million. Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%. As a group, equities analysts predict that Bowman Consulting Group will post 0.77 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Raymond Jr. Vicks sold 1,230 shares of Bowman Consulting Group stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total transaction of $41,008.20. Following the sale, the director owned 18,143 shares of the company’s stock, valued at approximately $604,887.62. The trade was a 6.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its stake in shares of 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 purchasing an additional 510,527 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Bowman Consulting Group during the 3rd quarter worth about $6,590,000. Tudor Investment Corp ET AL acquired a new stake in shares of Bowman Consulting Group during the 3rd quarter worth about $3,958,000. JPMorgan Chase & Co. increased its position in shares of Bowman Consulting Group by 998.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock worth $4,249,000 after purchasing an additional 91,181 shares during the last quarter. Finally, Polar Asset Management Partners Inc. raised its holdings in Bowman Consulting Group by 30.2% in 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 during the period. 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.