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

Key Points

• Wall Street Zen downgraded Bowman Consulting Group from “buy” to “hold”, adding to a mixed set of recent analyst opinions on the stock.
• The company’s latest quarterly results showed EPS of $0.14, which missed estimates, while revenue of $126.48 million came in above expectations.
• Bowman Consulting Group shares were trading around $34.77, with analysts currently assigning an average “Moderate Buy” rating and a $47.50 average price target.

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

BWMN has been the topic of several other research reports. Robert W. Baird decreased their price target on shares of Bowman Consulting Group from $43.00 to $37.00 and set an "outperform" rating on the stock in a report on Friday, March 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bowman Consulting Group in a report on Friday, March 27th. Roth Mkm set a $58.00 price target on shares of Bowman Consulting Group and gave the stock a "buy" rating in a report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Zacks Research cut shares of Bowman Consulting Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Bowman Consulting Group currently has an average rating of "Moderate Buy" and an average target price of $47.50.

Bowman Consulting Group Trading Up 0.1%

Bowman Consulting Group stock opened at $34.77 on Friday. The stock has a market cap of $608.82 million, a P/E ratio of 57.95, a PEG ratio of 2.05 and a beta of 1.36. Bowman Consulting Group has a fifty-two week low of $24.26 and a fifty-two week high of $45.83. The firm's fifty day moving average price is $30.48 and its 200-day moving average price is $33.95. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.93.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.07). The firm had revenue of $126.48 million during the quarter, compared to the consensus estimate of $114.49 million. Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%. Equities research analysts forecast that Bowman Consulting Group will post 0.95 earnings per share for the current fiscal year.

Insider Transactions at Bowman Consulting Group

In related news, CEO Gary Bowman sold 12,500 shares of the company's stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $30.71, for a total value of $383,875.00. Following the completion of the transaction, the chief executive officer directly owned 906,575 shares in the company, valued at approximately $27,840,918.25. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.42% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWMN. Alliancebernstein L.P. grew its position in Bowman Consulting Group by 3,560.2% in the third quarter. Alliancebernstein L.P. now owns 524,867 shares of the company's stock worth $22,233,000 after acquiring an additional 510,527 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Bowman Consulting Group in the third quarter worth $6,590,000. Tudor Investment Corp ET AL purchased a new position in Bowman Consulting Group in the third quarter worth $3,958,000. JPMorgan Chase & Co. grew its position in Bowman Consulting Group by 998.9% in the third quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company's stock worth $4,249,000 after acquiring an additional 91,181 shares in the last quarter. Finally, Polar Asset Management Partners Inc. boosted its position in Bowman Consulting Group by 30.2% during the fourth 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. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

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