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 note issued to investors on Saturday.
Other equities analysts have also issued reports about the company. Bank of America reduced their price objective on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. B. Riley raised Bowman Consulting Group to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, Robert W. Baird lifted their price objective on Bowman Consulting Group from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $34.17.
Check Out Our Latest Research Report on Bowman Consulting Group
Bowman Consulting Group Stock Up 0.1%
BWMN opened at $27.66 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market capitalization of $476.66 million, a price-to-earnings ratio of -35.01 and a beta of 1.26. The business has a 50-day moving average of $24.20 and a two-hundred day moving average of $24.11. Bowman Consulting Group has a 12 month low of $17.90 and a 12 month high of $36.65.
Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last posted its quarterly 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 negative net margin of 2.62% and a positive return on equity of 3.76%.
Bowman Consulting Group declared that its board has approved a stock repurchase program on Friday, June 6th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.
Hedge Funds Weigh In On Bowman Consulting Group
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in Bowman Consulting Group by 4.7% during the 1st quarter. Rhumbline Advisers now owns 18,829 shares of the company's stock worth $411,000 after acquiring an additional 845 shares in the last quarter. Jane Street Group LLC acquired a new position in Bowman Consulting Group during the 1st quarter worth approximately $287,000. Goldman Sachs Group Inc. lifted its position in Bowman Consulting Group by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company's stock worth $1,095,000 after acquiring an additional 2,203 shares in the last quarter. Polar Asset Management Partners Inc. lifted its position in Bowman Consulting Group by 3.6% during the 1st quarter. Polar Asset Management Partners Inc. now owns 451,029 shares of the company's stock worth $9,846,000 after acquiring an additional 15,481 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Bowman Consulting Group by 51.0% during the 1st quarter. Royal Bank of Canada now owns 48,613 shares of the company's stock worth $1,061,000 after acquiring an additional 16,421 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.
Bowman Consulting Group Company Profile
(
Get Free Report)
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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