Key Points
- Bowman Consulting Group director Raymond Jr. Vicks sold 1,230 shares on May 12 at an average price of $33.34, generating about $41,008. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and he still directly owns 18,143 shares.
- The company recently missed earnings expectations, reporting quarterly EPS of $0.14 versus the $0.21 consensus, even though revenue came in above estimates at $126.48 million. Analysts expect Bowman to post $0.95 in earnings per share for the full fiscal year.
- Wall Street sentiment is mixed, with the stock carrying an average Hold rating and a consensus price target of $47.50. Recent analyst actions included a downgrade from Weiss Ratings, while Roth Mkm maintained a bullish $58 target.
Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) Director Raymond Jr. Vicks sold 1,230 shares of the company's stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $33.34, for a total value of $41,008.20. Following the completion of the transaction, the director directly owned 18,143 shares in the company, valued at approximately $604,887.62. The trade was a 6.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Bowman Consulting Group Stock Performance
Shares of NASDAQ BWMN opened at $32.75 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $573.45 million, a price-to-earnings ratio of 54.58, a P/E/G ratio of 3.61 and a beta of 1.36. The business's 50-day simple moving average is $30.50 and its 200-day simple moving average is $33.68. Bowman Consulting Group Ltd. has a 52 week low of $24.26 and a 52 week high of $45.83.
Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.07). The company had revenue of $126.48 million for the quarter, compared to analyst estimates of $114.49 million. Bowman Consulting Group had a net margin of 2.02% and a return on equity of 3.98%. As a group, equities research analysts expect that Bowman Consulting Group Ltd. will post 0.95 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently commented on BWMN. Weiss Ratings lowered Bowman Consulting Group from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, May 8th. JPMorgan Chase & Co. increased their price objective on Bowman Consulting Group from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, May 8th. Robert W. Baird lowered their price objective on Bowman Consulting Group from $43.00 to $37.00 and set an "outperform" rating on the stock in a report on Friday, March 6th. Zacks Research lowered Bowman Consulting Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 4th. Finally, Roth Mkm set a $58.00 price objective on Bowman Consulting Group and gave the company a "buy" rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $47.50.
Read Our Latest Research Report on Bowman Consulting Group
Institutional Trading of Bowman Consulting Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Bowman Consulting Group by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company's stock valued at $10,744,000 after buying an additional 43,624 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Bowman Consulting Group by 87.3% in the 1st quarter. Principal Financial Group Inc. now owns 29,005 shares of the company's stock valued at $825,000 after buying an additional 13,523 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Bowman Consulting Group in the 1st quarter valued at approximately $196,000. Strs Ohio grew its holdings in Bowman Consulting Group by 7.1% in the 1st quarter. Strs Ohio now owns 18,100 shares of the company's stock valued at $515,000 after buying an additional 1,200 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in Bowman Consulting Group by 16.1% in the 1st quarter. Conestoga Capital Advisors LLC now owns 66,530 shares of the company's stock valued at $1,892,000 after buying an additional 9,235 shares during the last quarter. Institutional investors and hedge funds own 63.20% of the company's stock.
About Bowman Consulting Group
(
Get Free Report)
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.
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