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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been given an average recommendation of “Buy” by the five analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $34.17.

BWMN has been the subject of a number of research analyst reports. B. Riley raised shares of Bowman Consulting Group to a “strong-buy” rating in a report on Tuesday, March 18th. Bank of America decreased their price target on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a report on Wednesday, March 12th. Wall Street Zen raised shares of Bowman Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Robert W. Baird raised their price target on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th.

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors have recently added to or reduced their stakes in BWMN. Swedbank AB acquired a new position in shares of Bowman Consulting Group in the 4th quarter valued at $4,990,000. Grandeur Peak Global Advisors LLC increased its position in shares of Bowman Consulting Group by 100.1% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 159,289 shares of the company’s stock valued at $3,974,000 after acquiring an additional 79,691 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Bowman Consulting Group by 527.6% in the 1st quarter. Cetera Investment Advisers now owns 82,343 shares of the company’s stock valued at $1,798,000 after acquiring an additional 69,223 shares during the period. Pembroke Management LTD lifted its holdings in shares of Bowman Consulting Group by 12.8% in the 1st quarter. Pembroke Management LTD now owns 520,519 shares of the company’s stock worth $11,363,000 after acquiring an additional 59,197 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Bowman Consulting Group by 41.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 194,515 shares of the company’s stock worth $4,853,000 after purchasing an additional 57,278 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Down 0.5%

Shares of BWMN opened at $25.03 on Friday. The firm has a fifty day moving average price of $23.18 and a 200-day moving average price of $24.05. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $431.34 million, a P/E ratio of -31.68 and a beta of 1.24. Bowman Consulting Group has a 12-month low of $17.90 and a 12-month high of $36.65.

Bowman Consulting Group (NASDAQ:BWMN) last issued its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.21). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

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.