Robert W. Baird Lowers Bowman Consulting Group (NASDAQ:BWMN) Price Target to $27.00

Bowman Consulting Group (NASDAQ:BWMN) had its price target trimmed by Robert W. Baird from $29.00 to $27.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Separately, Roth Mkm lowered their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $39.70.

Bowman Consulting Group Stock Up 1.5 %

BWMN opened at $25.42 on Friday. The firm has a 50 day moving average price of $22.67 and a 200 day moving average price of $27.78. The company has a market cap of $462.64 million, a PE ratio of -32.18 and a beta of 1.12. Bowman Consulting Group has a 1 year low of $19.92 and a 1 year high of $42.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.26.

Insider Buying and Selling

In other Bowman Consulting Group news, CEO Gary Bowman sold 4,002 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total value of $96,368.16. Following the sale, the chief executive officer now directly owns 919,500 shares of the company’s stock, valued at $22,141,560. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $23.07, for a total value of $57,675.00. Following the completion of the transaction, the insider now owns 198,332 shares in the company, valued at $4,575,519.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary Bowman sold 4,002 shares of Bowman Consulting Group stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total value of $96,368.16. Following the sale, the chief executive officer now owns 919,500 shares of the company’s stock, valued at approximately $22,141,560. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,402 shares of company stock worth $242,343 over the last ninety days. 20.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in Bowman Consulting Group by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock valued at $294,000 after buying an additional 393 shares in the last quarter. Comerica Bank increased its holdings in shares of Bowman Consulting Group by 18.2% in the first quarter. Comerica Bank now owns 7,745 shares of the company’s stock worth $269,000 after acquiring an additional 1,190 shares in the last quarter. Boston Partners boosted its position in shares of Bowman Consulting Group by 27.5% during the first quarter. Boston Partners now owns 8,695 shares of the company’s stock worth $302,000 after buying an additional 1,876 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Bowman Consulting Group during the second quarter worth about $96,000. Finally, Kennedy Capital Management LLC boosted its position in Bowman Consulting Group by 6.3% during the first quarter. Kennedy Capital Management LLC now owns 53,282 shares of the company’s stock valued at $1,854,000 after purchasing an additional 3,138 shares during the last quarter. 63.20% of the stock is owned by institutional investors.

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.