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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has earned an average recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $39.70.

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

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock opened at $25.12 on Wednesday. The company has a market cap of $440.35 million, a PE ratio of -31.80, a P/E/G ratio of 5.77 and a beta of 1.28. Bowman Consulting Group has a 12 month low of $19.92 and a 12 month high of $42.90. The company has a fifty day moving average price of $25.97 and a two-hundred day moving average price of $25.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, Director Stephen A. Riddick sold 2,288 shares of the business’s stock in a transaction 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 sale, the director now directly owns 20,248 shares of the company’s stock, valued at $579,092.80. The trade was a 10.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 20.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Bowman Consulting Group

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in Bowman Consulting Group by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock worth $932,000 after purchasing an additional 913 shares during the last quarter. Quantbot Technologies LP increased its holdings in Bowman Consulting Group by 115.6% in the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after buying an additional 2,087 shares during the last quarter. Janus Henderson Group PLC raised its position in Bowman Consulting Group by 10.8% during the third quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock valued at $585,000 after acquiring an additional 2,370 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Bowman Consulting Group in the second quarter valued at approximately $96,000. Finally, SG Americas Securities LLC bought a new stake in Bowman Consulting Group in the fourth quarter worth approximately $147,000. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Bowman Consulting Group Company Profile

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.