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 report issued on Saturday.

Other equities analysts have also issued research reports about the company. B. Riley raised Bowman Consulting Group to a “strong-buy” rating in a research note on Tuesday, March 18th. Robert W. Baird boosted their price objective on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, Bank of America lowered their target price 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. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Bowman Consulting Group has an average rating of “Buy” and a consensus price target of $34.17.

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock opened at $27.66 on Friday. The firm has a 50 day simple moving average of $24.20 and a 200-day simple moving average of $24.07. Bowman Consulting Group has a 1-year low of $17.90 and a 1-year high of $36.65. 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 cap of $476.66 million, a price-to-earnings ratio of -35.01 and a beta of 1.26.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates 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 permits the company to buyback $25.00 million in shares. This buyback authorization permits the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Bowman Consulting Group

A number of institutional investors have recently modified their holdings of BWMN. BNP Paribas Financial Markets acquired a new position in Bowman Consulting Group during the 4th quarter worth about $42,000. Brooklyn Investment Group purchased a new stake in Bowman Consulting Group during the first quarter worth about $45,000. GAMMA Investing LLC lifted its position in shares of Bowman Consulting Group by 1,856.3% during the first quarter. GAMMA Investing LLC now owns 4,519 shares of the company’s stock worth $99,000 after purchasing an additional 4,288 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of Bowman Consulting Group by 100,080.0% in the first quarter. NBC Securities Inc. now owns 5,009 shares of the company’s stock valued at $109,000 after purchasing an additional 5,004 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Bowman Consulting Group by 55.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,524 shares of the company’s stock valued at $163,000 after purchasing an additional 2,316 shares during the period. 63.20% of the stock is owned by institutional investors and hedge funds.

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.