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

Wall Street Zen lowered shares of Bowman Consulting Group (NASDAQ:BWMN - Free Report) from a buy rating to a hold rating in a report published on Sunday morning.

A number of other equities research analysts also recently weighed in on the stock. B. Riley raised shares of Bowman Consulting Group to a "strong-buy" rating in a research note on Tuesday, March 18th. Robert W. Baird boosted 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 note on Thursday, May 8th. Finally, Bank of America dropped their price target on shares of Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bowman Consulting Group currently has a consensus rating of "Buy" and an average price target of $34.17.

Bowman Consulting Group Price Performance

Shares of BWMN stock traded up $0.33 during trading hours on Friday, reaching $25.40. 89,693 shares of the company were exchanged, compared to its average volume of 93,535. Bowman Consulting Group has a fifty-two week low of $17.90 and a fifty-two week high of $36.65. The stock's fifty day moving average is $23.25 and its two-hundred day moving average is $24.05. The company has a market cap of $437.72 million, a price-to-earnings ratio of -32.15 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last announced 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 positive return on equity of 3.76% and a negative net margin of 2.62%.

Institutional Investors Weigh In On Bowman Consulting Group

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Bowman Consulting Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 800,748 shares of the company's stock valued at $19,979,000 after purchasing an additional 13,198 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Bowman Consulting Group by 1.9% in the fourth quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company's stock valued at $799,000 after purchasing an additional 586 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Bowman Consulting Group by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,039 shares of the company's stock valued at $999,000 after purchasing an additional 1,331 shares in the last quarter. Comerica Bank increased its stake in Bowman Consulting Group by 12.8% in the fourth quarter. Comerica Bank now owns 10,781 shares of the company's stock valued at $269,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Bowman Consulting Group by 7.6% in the fourth quarter. Rhumbline Advisers now owns 17,984 shares of the company's stock valued at $449,000 after purchasing an additional 1,277 shares in the last quarter. Institutional investors own 63.20% of the company's stock.

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.