Bowman Consulting Group (NASDAQ:BWMN) Trading Up 4.3% – Still a Buy?

Bowman Consulting Group Ltd. (NASDAQ:BWMN) traded up 4.3% on Monday . The stock traded as high as $43.55 and last traded at $43.52. 73,975 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 85,819 shares. The stock had previously closed at $41.73.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BWMN. B. Riley boosted their price target on shares of Bowman Consulting Group from $43.00 to $55.00 and gave the company a “buy” rating in a report on Friday, August 29th. Zacks Research downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Wall Street Zen raised shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.17.

Bowman Consulting Group Trading Up 4.3%

The stock has a market capitalization of $750.76 million, a P/E ratio of 72.53 and a beta of 1.31. The business has a 50 day simple moving average of $41.68 and a 200-day simple moving average of $32.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.26.

Insider Transactions at Bowman Consulting Group

In other news, CEO Gary Bowman sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $42.39, for a total transaction of $529,875.00. Following the completion of the transaction, the chief executive officer owned 919,024 shares in the company, valued at approximately $38,957,427.36. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stephen A. Riddick sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $41.04, for a total transaction of $123,120.00. Following the sale, 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. Over the last ninety days, insiders sold 44,350 shares of company stock worth $1,883,416. Corporate insiders own 17.42% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

Hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its position in shares of Bowman Consulting Group by 28.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company’s stock valued at $41,000 after purchasing an additional 317 shares during the period. Brooklyn Investment Group purchased a new stake in Bowman Consulting Group during the first quarter valued at about $45,000. Tower Research Capital LLC TRC boosted its holdings in shares of Bowman Consulting Group by 244.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $66,000 after buying an additional 1,633 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Bowman Consulting Group by 1,856.3% in the first quarter. GAMMA Investing LLC now owns 4,519 shares of the company’s stock worth $99,000 after buying an additional 4,288 shares during the period. Finally, AlphaQuest LLC purchased a new position in shares of Bowman Consulting Group in the second quarter worth approximately $103,000. 63.20% of the stock is currently owned by institutional investors and hedge funds.

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.