Bowman Consulting Group (NASDAQ:BWMN) Lowered to "Hold" Rating by Wall Street Zen

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

BWMN has been the topic of a number of other reports. Robert W. Baird lifted their price objective on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. B. Riley raised their price target on Bowman Consulting Group from $33.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.38.

Bowman Consulting Group Price Performance

Shares of NASDAQ BWMN opened at $36.13 on Friday. The stock has a market cap of $622.52 million, a P/E ratio of 277.92, a P/E/G ratio of 5.09 and a beta of 1.29. Bowman Consulting Group has a twelve month low of $17.90 and a twelve month high of $37.34. The stock has a 50 day moving average of $28.48 and a two-hundred day moving average of $24.91. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates 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 declared that its Board of Directors has initiated a stock repurchase plan on Friday, June 6th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Robert Alan Hickey sold 5,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $26.70, for a total value of $133,500.00. Following the completion of the sale, the insider owned 176,685 shares in the company, valued at approximately $4,717,489.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 6,024 shares of company stock worth $162,514. 17.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BWMN. Rhumbline Advisers boosted its holdings in Bowman Consulting Group by 4.7% in the 1st quarter. Rhumbline Advisers now owns 18,829 shares of the company's stock valued at $411,000 after purchasing an additional 845 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Bowman Consulting Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 800,748 shares of the company's stock valued at $19,979,000 after buying an additional 13,198 shares during the period. Bank of America Corp DE lifted its holdings in shares of Bowman Consulting Group by 97.7% in the 4th quarter. Bank of America Corp DE now owns 18,834 shares of the company's stock valued at $470,000 after buying an additional 9,307 shares during the period. GAMMA Investing LLC boosted its stake in shares of Bowman Consulting Group by 1,856.3% in the first quarter. GAMMA Investing LLC now owns 4,519 shares of the company's stock valued at $99,000 after buying an additional 4,288 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Bowman Consulting Group by 51.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,303 shares of the company's stock worth $357,000 after acquiring an additional 4,844 shares during the period. 63.20% of the stock is currently owned by institutional investors and hedge funds.

About Bowman Consulting Group

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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