Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN – Get Free Report) have been given an average rating of “Reduce” by the eight brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $43.00.
A number of research analysts have issued reports on the stock. Texas Capital cut shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Wolfe Research set a $43.00 target price on Bowman Consulting Group in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lowered Bowman Consulting Group from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $40.00 to $43.00 in a research note on Friday, August 21st. B. Riley Financial cut Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded Bowman Consulting Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th.
Get Our Latest Stock Analysis on BWMN
Insider Activity
In other news, CEO Gary Bowman sold 37,500 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $42.55, for a total value of $1,595,625.00. Following the completion of the transaction, the chief executive officer directly owned 780,948 shares in the company, valued at $33,229,337.40. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia Mulroy sold 883 shares of Bowman Consulting Group stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $42.37, for a total value of $37,412.71. Following the sale, the director directly owned 26,330 shares of the company’s stock, valued at $1,115,602.10. This trade represents a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 60,883 shares of company stock valued at $2,590,413. Company insiders own 17.50% of the company’s stock.
Institutional Trading of Bowman Consulting Group
Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Bowman Consulting Group in the 2nd quarter valued at $31,113,000. First Trust Capital Management L.P. purchased a new position in shares of Bowman Consulting Group during the third quarter worth $20,826,000. Polar Asset Management Partners Inc. purchased a new position in shares of Bowman Consulting Group during the second quarter worth $7,210,000. Summit Creek Advisors LLC acquired a new position in Bowman Consulting Group during the second quarter valued at $6,431,000. Finally, Wellington Management Group LLP lifted its position in Bowman Consulting Group by 215.2% during the second quarter. Wellington Management Group LLP now owns 184,736 shares of the company’s stock valued at $5,394,000 after purchasing an additional 126,136 shares during the period. 63.20% of the stock is currently owned by institutional investors and hedge funds.
Bowman Consulting Group Price Performance
Shares of BWMN remained flat at $43.00 during mid-day trading on Friday. 3,686 shares of the stock traded hands, compared to its average volume of 351,617. Bowman Consulting Group has a 12-month low of $25.07 and a 12-month high of $43.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $713.37 million, a P/E ratio of 107.50 and a beta of 1.47. The firm’s fifty day simple moving average is $42.69 and its 200 day simple moving average is $34.55.
Bowman Consulting Group (NASDAQ:BWMN – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.62). The company had revenue of $148.70 million during the quarter, compared to analyst estimates of $137.54 million. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. As a group, research analysts expect that Bowman Consulting Group will post 0.75 EPS for the current fiscal year.
About Bowman Consulting Group
Bowman Consulting Group Ltd. (NASDAQ: BWMN) is an engineering services firm that provides infrastructure, planning, surveying, and consulting solutions to public- and private-sector clients. The company supports projects throughout their development and construction life cycles, serving markets such as transportation, power and utilities, commercial and residential real estate, and public infrastructure.
Its services include civil engineering, land surveying, geomatics, environmental consulting, landscape architecture, construction management, right-of-way services, and utility engineering.
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