Bowman Consulting Group Ltd. (NASDAQ:BWMN – Get Free Report) shares saw an uptick in trading volume on Tuesday. 404,430 shares traded hands during trading, an increase of 87% from the previous session’s volume of 216,021 shares. The stock last traded at $42.7550 and had previously closed at $42.80.
Analysts Set New Price Targets
BWMN has been the subject of a number of recent research reports. Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Robert W. Baird set a $43.00 price target on Bowman Consulting Group in a research report on Monday, August 10th. Roth Capital cut Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Wednesday, August 12th. Craig Hallum downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a research report on Tuesday, August 11th. Finally, B. Riley Financial downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Bowman Consulting Group currently has a consensus rating of “Reduce” and a consensus target price of $43.00.
View Our Latest Research Report on Bowman Consulting Group
Bowman Consulting Group Stock Up 0.1%
The firm has a fifty day simple moving average of $41.93 and a 200-day simple moving average of $34.27. The company has a market capitalization of $709.89 million, a PE ratio of 106.97 and a beta of 1.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90.
Bowman Consulting Group (NASDAQ:BWMN – Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.47 by $0.15. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. The company had revenue of $146.12 million during the quarter, compared to analysts’ expectations of $129.35 million. Equities research analysts anticipate that Bowman Consulting Group Ltd. will post 0.75 EPS for the current fiscal year.
Insiders Place Their Bets
In other Bowman Consulting Group news, CEO Gary Bowman sold 22,500 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $42.55, for a total transaction of $957,375.00. Following the transaction, the chief executive officer directly owned 1,272,838 shares in the company, valued at $54,159,256.90. This represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia Mulroy sold 883 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $42.37, for a total transaction of $37,412.71. Following the transaction, the director owned 26,330 shares in the company, valued at $1,115,602.10. This trade represents a 3.24% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 61,797 shares of company stock valued at $2,615,310. Insiders own 17.50% of the company’s stock.
Institutional Investors Weigh In On Bowman Consulting Group
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Bowman Consulting Group in the second quarter valued at about $31,113,000. Dimensional Fund Advisors LP lifted its holdings in Bowman Consulting Group by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after buying an additional 43,624 shares during the last quarter. Polar Asset Management Partners Inc. lifted its holdings in Bowman Consulting Group by 12.3% during the 1st quarter. Polar Asset Management Partners Inc. now owns 320,000 shares of the company’s stock worth $9,101,000 after buying an additional 34,976 shares during the last quarter. Summit Creek Advisors LLC bought a new position in Bowman Consulting Group during the 2nd quarter worth approximately $6,431,000. Finally, Wellington Management Group LLP grew its position in shares of Bowman Consulting Group by 215.2% in the 2nd quarter. Wellington Management Group LLP now owns 184,736 shares of the company’s stock worth $5,394,000 after acquiring an additional 126,136 shares in the last quarter. Institutional investors own 63.20% of the company’s stock.
About Bowman Consulting Group
Bowman Consulting Group Ltd. is a professional services firm that provides engineering, planning, surveying and technical consulting services for infrastructure and development projects. The company serves public- and private-sector clients across areas such as transportation, power and utilities, water, real estate, renewable energy, mining and federal programs.
Its services include civil engineering, transportation engineering, environmental consulting, geomatics and surveying, land planning, construction management, landscape architecture and other related project and program management support.
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