Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $38.17 Average Price Target from Analysts

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has received an average recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $38.1667.

A number of equities analysts recently commented on the company. B. Riley lifted their price objective on Bowman Consulting Group from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Saturday, September 27th. Finally, Zacks Research upgraded shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th.

Insider Activity

In related news, CFO Bruce J. Labovitz sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $43.30, for a total value of $433,000.00. Following the transaction, the chief financial officer directly owned 395,560 shares in the company, valued at approximately $17,127,748. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen A. Riddick sold 3,000 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $41.04, for a total value of $123,120.00. Following the completion of the transaction, the director owned 18,461 shares of the company’s stock, valued at $757,639.44. The trade was a 13.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,350 shares of company stock worth $1,459,716 in the last 90 days. 17.42% of the stock is owned by corporate insiders.

Institutional Trading of Bowman Consulting Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in shares of Bowman Consulting Group by 4.7% during the first quarter. Rhumbline Advisers now owns 18,829 shares of the company’s stock worth $411,000 after buying an additional 845 shares during the period. Cetera Investment Advisers boosted its holdings in Bowman Consulting Group by 527.6% during 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. Goldman Sachs Group Inc. grew its position in Bowman Consulting Group by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock valued at $1,095,000 after acquiring an additional 2,203 shares in the last quarter. Swedbank AB increased its stake in Bowman Consulting Group by 108.2% during the second quarter. Swedbank AB now owns 416,492 shares of the company’s stock worth $11,974,000 after purchasing an additional 216,492 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Bowman Consulting Group by 97.7% during the fourth quarter. Bank of America Corp DE now owns 18,834 shares of the company’s stock worth $470,000 after purchasing an additional 9,307 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Trading Down 0.7%

BWMN opened at $41.46 on Friday. The firm has a market capitalization of $715.23 million, a price-to-earnings ratio of 69.10 and a beta of 1.31. The company’s 50 day simple moving average is $40.01 and its two-hundred day simple moving average is $30.82. Bowman Consulting Group has a 1-year low of $17.90 and a 1-year high of $44.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 1.26.

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.