Bank of America Lowers Bowman Consulting Group (NASDAQ:BWMN) Price Target to $30.50

Bowman Consulting Group (NASDAQ:BWMN) had its target price cut by equities researchers at Bank of America from $36.50 to $30.50 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 29.79% from the stock’s previous close.

Bowman Consulting Group Stock Up 6.8 %

BWMN stock opened at $23.50 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $42.39. The company has a fifty day simple moving average of $23.27 and a 200 day simple moving average of $23.88. The firm has a market cap of $411.96 million, a PE ratio of -29.75 and a beta of 1.32.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The firm had revenue of $113.22 million for the quarter, compared to the consensus estimate of $110.00 million. Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

Insiders Place Their Bets

In other news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the sale, the insider now directly owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds have recently modified their holdings of the business. Two Sigma Advisers LP boosted its position in shares of Bowman Consulting Group by 26.3% in the fourth quarter. Two Sigma Advisers LP now owns 16,800 shares of the company’s stock valued at $419,000 after acquiring an additional 3,500 shares during the period. Two Sigma Investments LP lifted its position in Bowman Consulting Group by 60.6% in the fourth quarter. Two Sigma Investments LP now owns 20,552 shares of the company’s stock worth $513,000 after purchasing an additional 7,754 shares during the period. Janus Henderson Group PLC lifted its position in Bowman Consulting Group by 11.7% in the fourth quarter. Janus Henderson Group PLC now owns 27,139 shares of the company’s stock worth $677,000 after purchasing an additional 2,833 shares during the period. Deutsche Bank AG lifted its position in Bowman Consulting Group by 74.4% in the fourth quarter. Deutsche Bank AG now owns 13,031 shares of the company’s stock worth $325,000 after purchasing an additional 5,560 shares during the period. Finally, Cetera Investment Advisers bought a new position in Bowman Consulting Group in the fourth quarter worth $327,000. 63.20% of the stock is owned by institutional investors.

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.