Bowman Consulting Group (NASDAQ:BWMN) Raised to Strong-Buy at Wall Street Zen

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

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. began coverage on shares of Bowman Consulting Group in a research note on Friday, January 9th. They issued a “neutral” rating and a $40.00 price objective for the company. Zacks Research cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a report on Monday, December 29th. Finally, Roth Mkm increased their price objective on Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.90.

Bowman Consulting Group Trading Up 1.7%

Shares of BWMN opened at $33.76 on Friday. The business’s 50-day moving average price is $34.89 and its 200 day moving average price is $37.89. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $586.41 million, a P/E ratio of 36.30, a P/E/G ratio of 2.01 and a beta of 1.33. Bowman Consulting Group has a 1-year low of $17.90 and a 1-year high of $45.83.

Insider Buying and Selling at Bowman Consulting Group

In related news, CEO Gary Bowman sold 7,500 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total transaction of $265,275.00. Following the completion of the sale, the chief executive officer directly owned 1,368,338 shares of the company’s stock, valued at approximately $48,398,115.06. This represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 40,000 shares of company stock valued at $1,412,400 in the last ninety days. 17.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

About Bowman Consulting Group

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.