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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has received an average rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $39.70.

A number of equities analysts have issued reports on the company. Roth Mkm lowered their price target on Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird dropped their price target on shares of 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 Down 1.4 %

BWMN opened at $25.18 on Friday. The company has a fifty day moving average of $22.79 and a two-hundred day moving average of $27.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. Bowman Consulting Group has a fifty-two week low of $19.92 and a fifty-two week high of $42.90. The stock has a market capitalization of $441.41 million, a price-to-earnings ratio of -31.87 and a beta of 1.12.

Insider Transactions at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 1,444 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 196,888 shares of the company’s stock, valued at approximately $4,349,255.92. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary Bowman sold 4,002 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total transaction of $96,368.16. Following the completion of the transaction, the chief executive officer now directly owns 919,500 shares in the company, valued at $22,141,560. The trade was a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,402 shares of company stock valued at $242,343 over the last ninety days. Insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of institutional investors have recently made changes to their positions in BWMN. FMR LLC raised its holdings in shares of Bowman Consulting Group by 5.0% in the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock valued at $65,757,000 after buying an additional 128,981 shares during the period. Pembroke Management LTD lifted its position in shares of Bowman Consulting Group by 10.0% during the third quarter. Pembroke Management LTD now owns 711,648 shares of the company’s stock worth $17,136,000 after purchasing an additional 64,617 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Bowman Consulting Group by 28.0% in the first quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock valued at $23,056,000 after purchasing an additional 144,978 shares during the period. Summit Creek Advisors LLC grew its holdings in shares of Bowman Consulting Group by 15.1% in the second quarter. Summit Creek Advisors LLC now owns 345,704 shares of the company’s stock valued at $10,990,000 after purchasing an additional 45,451 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in Bowman Consulting Group by 28.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 188,724 shares of the company’s stock worth $6,566,000 after buying an additional 41,669 shares during the period. 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.