Bowman Consulting Group (NASDAQ:BWMN) Reaches New 1-Year High - Still a Buy?

Key Points

• Bowman Consulting Group stock reached a new 52-week high, trading at $37.06, an increase from its previous close of $35.95.
• Five analysts have rated the stock as a buy, with a consensus target price of $36.38, reflecting positive sentiment towards the company's performance.
• The company announced a $25 million share repurchase plan, indicating that the board believes shares are undervalued.
• Bowman Consulting Group reported a net margin of 0.54% and a loss of ($0.11) EPS for the latest quarter, missing analyst expectations.

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as $36.74 and last traded at $37.06, with a volume of 33997 shares. The stock had previously closed at $35.95.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BWMN. B. Riley raised their target price on shares of Bowman Consulting Group from $33.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Wall Street Zen downgraded shares of Bowman Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Robert W. Baird upped their price target on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Bowman Consulting Group has an average rating of "Moderate Buy" and a consensus target price of $36.38.

Bowman Consulting Group Trading Down 2.0%

The company's 50 day moving average price is $28.48 and its 200 day moving average price is $24.91. The company has a market cap of $610.29 million, a price-to-earnings ratio of 272.46, a price-to-earnings-growth ratio of 5.11 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.25 and a current ratio of 1.25.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (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 announced that its board has initiated a stock repurchase program on Friday, June 6th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group 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 sale, the insider directly owned 176,685 shares in the company, valued at $4,717,489.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 6,024 shares of company stock valued at $162,514. Company insiders own 17.42% of the company's stock.

Institutional Trading of Bowman Consulting Group

Several hedge funds and other institutional investors have recently bought and sold shares of BWMN. Swedbank AB grew its position in Bowman Consulting Group by 108.2% in the 2nd quarter. Swedbank AB now owns 416,492 shares of the company's stock worth $11,974,000 after purchasing an additional 216,492 shares during the last quarter. Grandeur Peak Global Advisors LLC lifted its holdings in shares of Bowman Consulting Group by 100.1% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 159,289 shares of the company's stock worth $3,974,000 after acquiring an additional 79,691 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Bowman Consulting Group by 527.6% during the 1st quarter. Cetera Investment Advisers now owns 82,343 shares of the company's stock worth $1,798,000 after acquiring an additional 69,223 shares during the period. Pembroke Management LTD lifted its holdings in shares of Bowman Consulting Group by 12.8% during the 1st quarter. Pembroke Management LTD now owns 520,519 shares of the company's stock worth $11,363,000 after acquiring an additional 59,197 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Bowman Consulting Group by 41.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 194,515 shares of the company's stock worth $4,853,000 after acquiring an additional 57,278 shares during the period. 63.20% of the stock is currently 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.