Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives Average Recommendation of “Buy” from Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been given a consensus rating of “Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $40.10.

BWMN has been the topic of a number of recent research reports. Robert W. Baird cut their price target on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Roth Mkm cut their target price on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Insider Transactions at Bowman Consulting Group

In related news, CEO Gary Bowman sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $35.58, for a total value of $133,425.00. Following the sale, the chief executive officer now owns 927,252 shares of the company’s stock, valued at $32,991,626.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Bowman Consulting Group news, CEO Gary Bowman sold 3,750 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $35.58, for a total value of $133,425.00. Following the sale, the chief executive officer now directly owns 927,252 shares in the company, valued at $32,991,626.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.07, for a total value of $57,675.00. Following the sale, the insider now directly owns 198,332 shares of the company’s stock, valued at $4,575,519.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,652 shares of company stock valued at $477,014. 20.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in shares of Bowman Consulting Group in the 1st quarter valued at $620,000. Russell Investments Group Ltd. boosted its stake in Bowman Consulting Group by 33.8% in the first quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company’s stock valued at $2,308,000 after acquiring an additional 16,761 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Bowman Consulting Group by 28.0% during the first quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock worth $23,056,000 after purchasing an additional 144,978 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Bowman Consulting Group by 46.3% during the second quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the company’s stock worth $2,434,000 after purchasing an additional 24,244 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Bowman Consulting Group by 87.4% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock worth $5,958,000 after purchasing an additional 87,410 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

Bowman Consulting Group Stock Performance

NASDAQ:BWMN opened at $21.59 on Monday. The stock has a market capitalization of $381.43 million, a P/E ratio of -32.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.26. Bowman Consulting Group has a fifty-two week low of $21.02 and a fifty-two week high of $42.90. The company has a 50 day moving average price of $23.27 and a 200 day moving average price of $28.87.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.10). The firm had revenue of $104.50 million for the quarter, compared to analysts’ expectations of $113.01 million. Bowman Consulting Group had a positive return on equity of 4.40% and a negative net margin of 2.67%. Equities research analysts forecast that Bowman Consulting Group will post -0.36 EPS for the current year.

About Bowman Consulting Group

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.