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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has received an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $38.1667.

A number of brokerages have issued reports on BWMN. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bowman Consulting Group in a research note on Monday, November 17th. Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Zacks Research lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, 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 note on Friday, August 29th.

Insider Buying and Selling

In related news, CEO Gary Bowman sold 12,500 shares of the business’s stock in a transaction that occurred on 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. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Daniel Swayze sold 1,350 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $41.33, for a total transaction of $55,795.50. Following the completion of the sale, the chief operating officer directly owned 10,954 shares of the company’s stock, valued at $452,728.82. The trade was a 10.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 64,350 shares of company stock valued at $2,728,816 over the last 90 days. 17.42% of the stock is owned by corporate insiders.

Institutional Trading of Bowman Consulting Group

A number of large investors have recently made changes to their positions in BWMN. Alliancebernstein L.P. raised its stake in Bowman Consulting Group by 3,560.2% during the 3rd quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock worth $22,233,000 after buying an additional 510,527 shares during the period. Swedbank AB increased its holdings in shares of Bowman Consulting Group by 108.2% in the second quarter. Swedbank AB now owns 416,492 shares of the company’s stock worth $11,974,000 after acquiring an additional 216,492 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Bowman Consulting Group during the third quarter worth about $6,590,000. JPMorgan Chase & Co. raised its position in shares of Bowman Consulting Group by 998.9% during the third quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock worth $4,249,000 after purchasing an additional 91,181 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of Bowman Consulting Group during the 2nd quarter valued at about $2,022,000. Institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Price Performance

Bowman Consulting Group stock opened at $34.27 on Friday. The business’s 50-day simple moving average is $40.47 and its 200 day simple moving average is $35.26. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.14. The stock has a market cap of $595.27 million, a price-to-earnings ratio of 36.85, a P/E/G ratio of 2.07 and a beta of 1.31. Bowman Consulting Group has a 12-month low of $17.90 and a 12-month high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.23. Bowman Consulting Group had a net margin of 3.33% and a return on equity of 6.30%. The company had revenue of $112.09 million for the quarter, compared to the consensus estimate of $130.45 million. Bowman Consulting Group has set its FY 2025 guidance at EPS.

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.