Bowman Consulting Group (NASDAQ:BWMN) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Bowman Consulting Group (NASDAQ:BWMN) from a buy rating to a strong-buy rating in a report published on Saturday.

BWMN has been the subject of several other research reports. JPMorgan Chase & Co. initiated 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. Roth Mkm increased their price target on Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Monday, December 29th. Finally, Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.90.

Bowman Consulting Group Trading Up 1.7%

BWMN stock opened at $33.76 on Friday. Bowman Consulting Group has a twelve month low of $17.90 and a twelve month high of $45.83. The stock has a market capitalization of $586.41 million, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.33. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $34.89 and its two-hundred day simple moving average is $37.91.

Insider Buying and Selling at Bowman Consulting Group

In related news, CEO Gary Bowman sold 7,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 1,368,338 shares in the company, valued at $48,398,115.06. The trade was a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 40,000 shares of company stock valued at $1,412,400. 17.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bowman Consulting Group

A number of large investors have recently made changes to their positions in BWMN. State of Alaska Department of Revenue purchased a new stake in Bowman Consulting Group in the third quarter valued at about $40,000. Ameritas Investment Partners Inc. grew its position in Bowman Consulting Group by 28.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company’s stock worth $41,000 after purchasing an additional 317 shares during the last quarter. New York State Teachers Retirement System acquired a new position in Bowman Consulting Group during the 4th quarter valued at approximately $42,000. Tower Research Capital LLC TRC raised its holdings in shares of Bowman Consulting Group by 244.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $66,000 after buying an additional 1,633 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Bowman Consulting Group during the second quarter worth $103,000. 63.20% of the stock is owned by institutional investors and hedge funds.

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.