Brokers Offer Predictions for Bowman Consulting Group Ltd.’s Q4 2022 Earnings (NASDAQ:BWMN)

Bowman Consulting Group Ltd. (NASDAQ:BWMNGet Rating) – Investment analysts at B. Riley lifted their Q4 2022 EPS estimates for shares of Bowman Consulting Group in a report released on Monday, November 14th. B. Riley analyst A. Rygiel now forecasts that the company will post earnings per share of $0.15 for the quarter, up from their previous estimate of $0.11. B. Riley has a “Buy” rating and a $27.00 price objective on the stock. The consensus estimate for Bowman Consulting Group’s current full-year earnings is $0.41 per share. B. Riley also issued estimates for Bowman Consulting Group’s FY2023 earnings at $0.77 EPS.

Separately, DA Davidson raised their target price on shares of Bowman Consulting Group to $28.00 in a research note on Wednesday.

Bowman Consulting Group Stock Up 2.8 %

Shares of NASDAQ BWMN opened at $18.77 on Wednesday. The firm has a market capitalization of $249.68 million, a PE ratio of 67.59 and a beta of 0.95. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.18. Bowman Consulting Group has a 1 year low of $10.76 and a 1 year high of $22.82. The firm’s 50-day moving average is $15.59 and its 200-day moving average is $14.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BWMN. Victory Capital Management Inc. raised its holdings in Bowman Consulting Group by 1.2% during the 1st quarter. Victory Capital Management Inc. now owns 149,255 shares of the company’s stock worth $2,454,000 after buying an additional 1,705 shares during the period. Venture Visionary Partners LLC acquired a new stake in Bowman Consulting Group during the 2nd quarter worth approximately $25,000. Essex Investment Management Co. LLC acquired a new stake in Bowman Consulting Group during the 2nd quarter worth approximately $26,000. Boston Partners raised its holdings in Bowman Consulting Group by 15.5% during the 3rd quarter. Boston Partners now owns 28,103 shares of the company’s stock worth $410,000 after buying an additional 3,774 shares during the period. Finally, Polar Asset Management Partners Inc. raised its holdings in Bowman Consulting Group by 0.3% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,318,274 shares of the company’s stock worth $19,247,000 after buying an additional 3,811 shares during the period. Institutional investors own 37.72% of the company’s stock.

Insider Activity

In other news, CEO Gary Bowman sold 4,903 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $16.00, for a total value of $78,448.00. Following the transaction, the chief executive officer now owns 1,160,846 shares of the company’s stock, valued at approximately $18,573,536. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 30.70% of the company’s stock.

About Bowman Consulting Group

(Get Rating)

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.

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