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

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been assigned a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $39.70.

Separately, Robert W. Baird cut their price target on Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, November 8th.

Insider Buying and Selling at Bowman Consulting Group

In other Bowman Consulting Group news, Director Stephen A. Riddick sold 2,288 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $28.60, for a total transaction of $65,436.80. Following the completion of the sale, the director now directly owns 20,248 shares of the company’s stock, valued at $579,092.80. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Alan Hickey sold 1,444 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $22.09, for a total transaction of $31,897.96. Following the completion of the transaction, the insider now directly owns 196,888 shares in the company, valued at $4,349,255.92. This trade represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,788 shares of company stock valued at $120,641 over the last ninety days. 20.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Bowman Consulting Group by 34.0% during the second quarter. Bank of New York Mellon Corp now owns 41,449 shares of the company’s stock valued at $1,318,000 after buying an additional 10,521 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Bowman Consulting Group by 34.5% in the second quarter. Rhumbline Advisers now owns 15,830 shares of the company’s stock valued at $503,000 after purchasing an additional 4,060 shares in the last quarter. Ovata Capital Management Ltd grew its holdings in shares of Bowman Consulting Group by 189.9% in the second quarter. Ovata Capital Management Ltd now owns 74,800 shares of the company’s stock valued at $2,378,000 after purchasing an additional 49,000 shares in the last quarter. Summit Creek Advisors LLC increased its position in Bowman Consulting Group by 15.1% in the second quarter. Summit Creek Advisors LLC now owns 345,704 shares of the company’s stock worth $10,990,000 after purchasing an additional 45,451 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its stake in 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 valued at $5,958,000 after purchasing an additional 87,410 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Trading Up 2.8 %

Shares of BWMN stock opened at $25.66 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $449.82 million, a price-to-earnings ratio of -32.48 and a beta of 1.26. Bowman Consulting Group has a 1 year low of $19.92 and a 1 year high of $42.90. The firm has a fifty day moving average price of $25.36 and a 200-day moving average price of $26.36.

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.