Bowman Consulting Group (NASDAQ:BWMN) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Bowman Consulting Group has received a "hold (c)" rating from Weiss Ratings, indicating a neutral stance on the stock.
• Despite the hold rating from Weiss, Zacks Research and Wall Street Zen upgraded the stock to a "strong-buy," with B. Riley increasing its price target from $43.00 to $55.00.
• CEO Gary Bowman sold 12,500 shares of the company's stock for approximately $529,875, reflecting a 1.34% decrease in his ownership.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other research firms have also commented on BWMN. Zacks Research raised shares of Bowman Consulting Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Wall Street Zen raised shares of Bowman Consulting Group from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, B. Riley lifted their price target on Bowman Consulting Group from $43.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Bowman Consulting Group has a consensus rating of "Buy" and a consensus price target of $38.17.

Bowman Consulting Group Price Performance

Shares of BWMN stock traded up $1.47 during mid-day trading on Wednesday, hitting $43.06. The company had a trading volume of 76,706 shares, compared to its average volume of 110,119. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 1.26. Bowman Consulting Group has a 52-week low of $17.90 and a 52-week high of $44.25. The company has a market capitalization of $742.79 million, a P/E ratio of 71.77 and a beta of 1.31. The stock's 50 day moving average price is $40.27 and its 200-day moving average price is $31.01.

Insiders Place Their Bets

In related news, CEO Gary Bowman sold 12,500 shares of the company's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $42.39, for a total transaction of $529,875.00. Following the transaction, the chief executive officer owned 919,024 shares of the company's stock, valued at $38,957,427.36. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen A. Riddick sold 3,000 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $41.04, for a total value of $123,120.00. Following the completion of the transaction, the director owned 18,461 shares of the company's stock, valued at approximately $757,639.44. This represents a 13.98% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,350 shares of company stock worth $1,459,716. Insiders own 17.42% of the company's stock.

Institutional Trading of Bowman Consulting Group

A number of hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its stake in Bowman Consulting Group by 28.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company's stock worth $41,000 after buying an additional 317 shares during the last quarter. Comerica Bank boosted its stake in Bowman Consulting Group by 7.0% in the 1st quarter. Comerica Bank now owns 11,532 shares of the company's stock worth $252,000 after buying an additional 751 shares during the last quarter. Boston Partners boosted its stake in Bowman Consulting Group by 3.5% in the 2nd quarter. Boston Partners now owns 23,738 shares of the company's stock worth $682,000 after buying an additional 813 shares during the last quarter. Rhumbline Advisers boosted its stake in Bowman Consulting Group by 4.7% in the 1st quarter. Rhumbline Advisers now owns 18,829 shares of the company's stock worth $411,000 after buying an additional 845 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company's stock worth $66,000 after buying an additional 1,633 shares during the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.

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