Bowman Consulting Group's (BWMN) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Bowman Consulting Group (BWMN) was reaffirmed with a “hold (c)” rating by Weiss Ratings, despite varying opinions from other analysts.
• The company's stock price is currently at $44.05, with a market cap of $759.86 million, highlighting its recent trading activity and performance metrics.
• Insider trading activity includes the CFO selling 10,000 shares, reflecting a decrease in ownership, while institutional investors have shown increased interest in acquiring company shares.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report)'s stock had its "hold (c)" rating reissued by Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Several other research analysts have also commented on the company. Wall Street Zen raised Bowman Consulting Group from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Zacks Research lowered Bowman Consulting Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 7th. Finally, B. Riley boosted their target price on Bowman Consulting Group from $43.00 to $55.00 and gave the company a "buy" rating in a report on Friday, August 29th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Bowman Consulting Group currently has an average rating of "Moderate Buy" and an average target price of $38.17.

Bowman Consulting Group Stock Performance

BWMN traded up $0.65 during trading on Friday, hitting $44.05. 100,573 shares of the stock were exchanged, compared to its average volume of 83,270. The firm has a market capitalization of $759.86 million, a P/E ratio of 53.58 and a beta of 1.31. Bowman Consulting Group has a 1-year low of $17.90 and a 1-year high of $44.54. The stock has a fifty day moving average price of $41.90 and a two-hundred day moving average price of $32.64. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.14.

Insiders Place Their Bets

In related news, CFO Bruce J. Labovitz sold 10,000 shares of Bowman Consulting Group stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $42.37, for a total value of $423,700.00. Following the sale, the chief financial officer directly owned 385,560 shares in the company, valued at $16,336,177.20. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Daniel Swayze sold 1,350 shares of Bowman Consulting Group stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $41.33, for a total value of $55,795.50. Following the completion of the sale, the chief operating officer owned 10,954 shares in the company, valued at approximately $452,728.82. This trade represents a 10.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,350 shares of company stock valued at $2,728,816 in the last three months. 17.42% of the stock is owned by corporate insiders.

Institutional Trading of Bowman Consulting Group

A number of institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new stake in Bowman Consulting Group during the third quarter worth $40,000. SG Americas Securities LLC purchased a new stake in Bowman Consulting Group during the third quarter worth $240,000. Asset Management One Co. Ltd. boosted its position in Bowman Consulting Group by 59.4% during the third quarter. Asset Management One Co. Ltd. now owns 96,875 shares of the company's stock worth $4,104,000 after purchasing an additional 36,101 shares in the last quarter. Ellsworth Advisors LLC purchased a new stake in Bowman Consulting Group during the third quarter worth $808,000. Finally, ARS Investment Partners LLC purchased a new stake in Bowman Consulting Group during the third quarter worth $224,000. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

About Bowman Consulting Group

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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