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

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Friday.

Several other equities analysts have also weighed in on BWMN. B. Riley upgraded shares of Bowman Consulting Group to a "strong-buy" rating in a research report on Tuesday, March 18th. Bank of America reduced their target price on shares of Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a report on Wednesday, March 12th. Finally, Robert W. Baird lifted their price target on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $34.17.

Bowman Consulting Group Price Performance

BWMN traded up $0.34 during trading on Friday, reaching $29.11. The stock had a trading volume of 261,063 shares, compared to its average volume of 94,992. The stock has a 50 day moving average of $25.33 and a two-hundred day moving average of $24.13. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $501.57 million, a price-to-earnings ratio of 223.92, a price-to-earnings-growth ratio of 4.07 and a beta of 1.26. Bowman Consulting Group has a 1-year low of $17.90 and a 1-year high of $36.65.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.21). Bowman Consulting Group had a net margin of 0.54% and a return on equity of 2.74%.

Bowman Consulting Group announced that its board has initiated a stock buyback program on Friday, June 6th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at Bowman Consulting Group

In other news, insider Robert Alan Hickey sold 5,000 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $26.70, for a total value of $133,500.00. Following the completion of the sale, the insider now owns 176,685 shares in the company, valued at $4,717,489.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 6,324 shares of company stock valued at $166,346. 17.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in Bowman Consulting Group during the 4th quarter valued at about $42,000. Brooklyn Investment Group acquired a new stake in shares of Bowman Consulting Group during the first quarter worth approximately $45,000. GAMMA Investing LLC grew its position in Bowman Consulting Group by 1,856.3% during the first quarter. GAMMA Investing LLC now owns 4,519 shares of the company's stock valued at $99,000 after purchasing an additional 4,288 shares in the last quarter. NBC Securities Inc. increased its stake in Bowman Consulting Group by 100,080.0% in the 1st quarter. NBC Securities Inc. now owns 5,009 shares of the company's stock valued at $109,000 after buying an additional 5,004 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Bowman Consulting Group by 55.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,524 shares of the company's stock valued at $163,000 after buying an additional 2,316 shares during the period. 63.20% of the stock is owned by hedge funds and other institutional investors.

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.