Bowman Consulting Group (NASDAQ:BWMN) Stock Rating Upgraded by Wall Street Zen

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

BWMN has been the topic of several other research reports. Robert W. Baird lifted their target price on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. B. Riley upgraded shares of Bowman Consulting Group to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, Bank of America dropped their price objective on shares of Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $34.17.

Bowman Consulting Group Stock Performance

BWMN traded down $0.32 during trading on Friday, hitting $27.02. The stock had a trading volume of 65,201 shares, compared to its average volume of 93,669. The firm has a market cap of $465.55 million, a PE ratio of 207.85, a P/E/G ratio of 3.87 and a beta of 1.26. Bowman Consulting Group has a 12 month low of $17.90 and a 12 month high of $36.65. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $24.41 and a 200-day simple moving average of $24.09.

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 the consensus estimate of $0.10 by ($0.21). Bowman Consulting Group had a return on equity of 2.74% and a net margin of 0.54%.

Bowman Consulting Group announced that its board has authorized a share buyback plan on Friday, June 6th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of Bowman Consulting Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWMN. 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 acquiring an additional 1,277 shares during the period. Bank of New York Mellon Corp boosted its position 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 buying an additional 586 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 buying an additional 1,331 shares in the last quarter. Vanguard Group Inc. boosted its position 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 buying an additional 13,198 shares in the last quarter. Finally, Summit Creek Advisors LLC boosted its position in Bowman Consulting Group by 14.3% in the fourth quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company's stock valued at $9,317,000 after buying an additional 46,816 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.