Bowman Consulting Group (NASDAQ:BWMN) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Bowman Consulting Group (NASDAQ:BWMN) in a research note published on Friday morning, MarketBeat reports. The brokerage issued a neutral rating and a $40.00 price objective on the stock.

Several other analysts also recently issued reports on BWMN. Zacks Research upgraded Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen cut Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Monday, December 29th. Finally, Roth Capital raised their target price on Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.90.

Bowman Consulting Group Stock Up 0.1%

BWMN opened at $34.82 on Friday. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $45.83. The firm has a 50 day moving average price of $35.05 and a 200 day moving average price of $37.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $604.82 million, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.25 and a beta of 1.33.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.23. Bowman Consulting Group had a net margin of 3.33% and a return on equity of 6.30%. The company had revenue of $112.09 million during the quarter, compared to the consensus estimate of $130.45 million.

Insider Buying and Selling at Bowman Consulting Group

In other news, CEO Gary Bowman sold 12,500 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $35.25, for a total transaction of $440,625.00. Following the transaction, the chief executive officer owned 892,443 shares of the company’s stock, valued at approximately $31,458,615.75. This trade represents a 1.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bruce J. Labovitz sold 10,000 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $42.37, for a total value of $423,700.00. Following the completion of the sale, the chief financial officer directly owned 385,560 shares of the company’s stock, valued at approximately $16,336,177.20. This represents a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 50,000 shares of company stock valued at $1,974,100. 17.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Bowman Consulting Group by 51.0% in the 1st quarter. Royal Bank of Canada now owns 48,613 shares of the company’s stock valued at $1,061,000 after acquiring an additional 16,421 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Bowman Consulting Group by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock worth $1,095,000 after purchasing an additional 2,203 shares during the period. Jane Street Group LLC bought a new stake in Bowman Consulting Group during the first quarter valued at $287,000. Rhumbline Advisers raised its holdings in shares of Bowman Consulting Group by 4.7% during the first quarter. Rhumbline Advisers now owns 18,829 shares of the company’s stock worth $411,000 after purchasing an additional 845 shares during the period. Finally, Voya Investment Management LLC raised its holdings in shares of Bowman Consulting Group by 39.6% during the first quarter. Voya Investment Management LLC now owns 17,887 shares of the company’s stock worth $390,000 after purchasing an additional 5,077 shares during the period. Institutional investors and hedge funds 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.