Bowman Consulting Group (NASDAQ:BWMN – Get Rating) announced its quarterly earnings data on Wednesday. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.15, MarketWatch Earnings reports. Bowman Consulting Group had a net margin of 0.07% and a return on equity of 2.54%. During the same period last year, the business earned $0.17 EPS.
Shares of BWMN opened at $15.63 on Friday. The firm has a market cap of $196.78 million and a price-to-earnings ratio of 781.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.26 and a current ratio of 2.26. Bowman Consulting Group has a fifty-two week low of $12.61 and a fifty-two week high of $22.82. The firm has a 50 day moving average price of $16.43 and a 200-day moving average price of $17.73.
Several analysts have commented on BWMN shares. Zacks Investment Research lowered shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Monday, March 7th. B. Riley lifted their target price on shares of Bowman Consulting Group from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, March 23rd.
In other Bowman Consulting Group news, COO Michael Bruen sold 1,800 shares of the stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $17.05, for a total transaction of $30,690.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction on Friday, May 6th. The shares were sold at an average price of $17.02, for a total transaction of $42,550.00. Following the sale, the insider now directly owns 260,688 shares of the company’s stock, valued at approximately $4,436,909.76. The disclosure for this sale can be found here. Insiders own 30.70% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in BWMN. BlackRock Inc. lifted its position in shares of Bowman Consulting Group by 755.1% in the 4th quarter. BlackRock Inc. now owns 79,509 shares of the company’s stock worth $1,690,000 after purchasing an additional 70,211 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Bowman Consulting Group in the 4th quarter worth about $654,000. Geode Capital Management LLC purchased a new stake in shares of Bowman Consulting Group in the 4th quarter worth about $468,000. Finally, Morgan Stanley purchased a new stake in shares of Bowman Consulting Group in the 2nd quarter worth about $51,000. 64.18% of the stock is owned by institutional investors and hedge funds.
About Bowman Consulting Group (Get Rating)
Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.
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