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

Bowman Consulting Group (NASDAQ:BWMN) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued reports about the company. Zacks Research cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Robert W. Baird cut their price target on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a report on Friday. Roth Mkm boosted their price target on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. started coverage on shares of Bowman Consulting Group in a report on Friday, January 9th. They issued a “neutral” rating and a $40.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Bowman Consulting Group Stock Performance

Shares of NASDAQ BWMN opened at $29.27 on Friday. The firm’s 50-day moving average price is $34.20 and its 200-day moving average price is $37.48. Bowman Consulting Group has a 52-week low of $17.90 and a 52-week high of $45.83. The company has a market cap of $508.42 million, a PE ratio of 41.23, a PEG ratio of 1.74 and a beta of 1.34. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.14.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. The firm had revenue of $128.96 million during the quarter, compared to analysts’ expectations of $129.12 million. Bowman Consulting Group had a net margin of 2.48% and a return on equity of 4.82%.

Insider Activity

In other news, CEO Gary Bowman sold 12,500 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $35.37, for a total value of $442,125.00. Following the sale, the chief executive officer owned 879,943 shares in the company, valued at $31,123,583.91. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 40,000 shares of company stock valued at $1,412,400. Insiders own 17.42% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. raised its stake in shares of Bowman Consulting Group by 3,560.2% during the 3rd quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock worth $22,233,000 after buying an additional 510,527 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in Bowman Consulting Group in the 3rd quarter valued at $6,590,000. Tudor Investment Corp ET AL purchased a new stake in Bowman Consulting Group in the 3rd quarter worth $3,958,000. JPMorgan Chase & Co. raised its position in Bowman Consulting Group by 998.9% during the third quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock worth $4,249,000 after acquiring an additional 91,181 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in Bowman Consulting Group during the second quarter valued at $2,022,000. 63.20% of the stock is owned by institutional investors and hedge funds.

Bowman Consulting Group News Summary

Here are the key news stories impacting Bowman Consulting Group this week:

• Positive Sentiment: Q4 EPS beat — Bowman reported $0.45 EPS vs. consensus $0.38, beating estimates; revenue was essentially in line. The beat supports near-term momentum for the stock. Zacks: Q4 Beats
• Positive Sentiment: Earnings call highlights/record growth — Management framed the quarter as record growth with commentary and detail that investors typically view as supportive of multiple expansion if guidance remains constructive. Yahoo: Q4 Highlights
• Positive Sentiment: Full call materials and transcript available — Detailed transcripts and the earnings presentation let investors dig into segment performance, backlog and margin drivers (useful for modelling forward quarters). Seeking Alpha: Transcript
• Neutral Sentiment: Short-interest report appears to show 0 shares and NaN changes — the published March short-interest entries look erroneous or incomplete, so they’re not a meaningful signal right now.
• Neutral Sentiment: Volume and technicals — Today’s trading volume is materially above average, indicating increased attention; however the stock trades below its 50- and 200-day moving averages, so technical resistance remains.
• Negative Sentiment: Analyst price-target cut — Robert W. Baird lowered its target from $43 to $37 but maintained an “outperform” rating, signaling some analyst caution despite continued bullish stance. Benzinga: Baird PT Cut

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.