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

Bowman Consulting Group (NASDAQ:BWMN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages also recently commented on BWMN. Wolfe Research set a $43.00 price objective on Bowman Consulting Group in a research report on Tuesday, August 11th. Roth Capital cut Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Wednesday. Robert W. Baird set a $43.00 target price on Bowman Consulting Group in a research note on Monday, August 10th. Capital One Financial set a $43.00 price target on Bowman Consulting Group in a report on Tuesday, August 11th. Finally, Craig Hallum cut shares of Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a research report on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.29.

Bowman Consulting Group Stock Performance

NASDAQ:BWMN opened at $42.30 on Friday. The company has a market cap of $733.48 million, a P/E ratio of 105.75 and a beta of 1.36. Bowman Consulting Group has a twelve month low of $25.07 and a twelve month high of $45.83. The company’s 50-day moving average price is $29.77 and its 200-day moving average price is $31.01. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Monday, August 10th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.15. The business had revenue of $146.13 million for the quarter, compared to analyst estimates of $129.35 million. Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. On average, sell-side analysts forecast that Bowman Consulting Group will post 0.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Patricia Mulroy sold 883 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $42.37, for a total value of $37,412.71. Following the completion of the transaction, the director directly owned 26,330 shares in the company, valued at approximately $1,115,602.10. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWMN. Franklin Resources Inc. grew its holdings in shares of Bowman Consulting Group by 3.8% in the third quarter. Franklin Resources Inc. now owns 10,289 shares of the company’s stock valued at $436,000 after purchasing an additional 377 shares in the last quarter. Deutsche Bank AG lifted its holdings in Bowman Consulting Group by 4.9% during the 4th quarter. Deutsche Bank AG now owns 9,473 shares of the company’s stock worth $313,000 after buying an additional 444 shares in the last quarter. Creative Planning boosted its position in Bowman Consulting Group by 5.0% in the 3rd quarter. Creative Planning now owns 13,818 shares of the company’s stock valued at $585,000 after buying an additional 661 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Bowman Consulting Group by 5.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,880 shares of the company’s stock valued at $558,000 after buying an additional 865 shares during the period. Finally, ARS Investment Partners LLC grew its stake in shares of Bowman Consulting Group by 16.9% in the fourth quarter. ARS Investment Partners LLC now owns 6,179 shares of the company’s stock worth $204,000 after acquiring an additional 892 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.