Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $38.50 Consensus Price Target from Brokerages

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been given a consensus recommendation of “Buy” by the four research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $33.83.

BWMN has been the topic of several recent research reports. Bank of America reduced their price target on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird dropped their price objective on Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Thursday.

Insider Buying and Selling

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total transaction of $56,150.00. Following the transaction, the insider now directly owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. The trade was a 1.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Bowman Consulting Group by 9.0% during the third quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock valued at $7,859,000 after buying an additional 27,056 shares during the period. Barclays PLC grew its holdings in shares of Bowman Consulting Group by 210.4% during the 3rd quarter. Barclays PLC now owns 21,341 shares of the company’s stock worth $513,000 after acquiring an additional 14,466 shares during the period. State Street Corp grew its holdings in shares of Bowman Consulting Group by 5.8% during the 3rd quarter. State Street Corp now owns 255,259 shares of the company’s stock worth $6,147,000 after acquiring an additional 13,904 shares during the period. FMR LLC raised its position 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 worth $65,757,000 after acquiring an additional 128,981 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Bowman Consulting Group by 7.6% in the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock valued at $449,000 after purchasing an additional 1,277 shares during the period. 63.20% of the stock is owned by hedge funds and other institutional investors.

Bowman Consulting Group Trading Down 0.9 %

BWMN stock opened at $23.29 on Wednesday. The company has a market capitalization of $408.27 million, a PE ratio of -29.48 and a beta of 1.32. 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 one year low of $17.90 and a one year high of $42.39. The company’s 50 day moving average price is $23.22 and its two-hundred day moving average price is $23.87.

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

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.