Bowman Consulting Group (NASDAQ:BWMN) Upgraded to “Buy” 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 report issued on Saturday.

BWMN has been the topic of several other research reports. Weiss Ratings upgraded Bowman Consulting Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Roth Capital downgraded shares of Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Wednesday. Robert W. Baird set a $43.00 price target on shares of Bowman Consulting Group in a research note on Monday, August 10th. JPMorgan Chase & Co. upped 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. Finally, B. Riley Financial downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.29.

Bowman Consulting Group Price Performance

BWMN opened at $42.30 on Friday. The stock has a market cap of $733.31 million, a P/E ratio of 105.75, a P/E/G ratio of 5.32 and a beta of 1.36. Bowman Consulting Group has a 12 month low of $25.07 and a 12 month high of $45.83. The company has a quick ratio of 0.93, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $29.77 and a 200 day simple moving average of $31.04.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Monday, August 10th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $146.13 million for the quarter, compared to analyst estimates of $129.35 million. On average, research analysts expect that Bowman Consulting Group will post 0.82 EPS for the current year.

Insider Buying and Selling at Bowman Consulting Group

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in shares of Bowman Consulting Group by 77.5% during the 1st quarter. Renaissance Technologies LLC now owns 99,379 shares of the company’s stock worth $2,826,000 after purchasing an additional 43,379 shares in the last quarter. Summit Creek Advisors LLC grew its stake in shares of Bowman Consulting Group by 10.1% in the fourth 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 in the last quarter. Royce & Associates LP bought a new position in shares of Bowman Consulting Group in the fourth quarter valued at $2,141,000. Dimensional Fund Advisors LP increased its holdings in Bowman Consulting Group by 13.1% during the first quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after buying an additional 43,624 shares during the last quarter. Finally, Polar Asset Management Partners Inc. increased its holdings in Bowman Consulting Group by 12.3% during the first quarter. Polar Asset Management Partners Inc. now owns 320,000 shares of the company’s stock worth $9,101,000 after buying an additional 34,976 shares during the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

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.