Analysts Set Bowman Consulting Group Ltd. (NASDAQ:BWMN) Price Target at $41.13

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $41.1250.

A number of equities analysts have recently issued reports on BWMN shares. B. Riley increased their price objective on shares of Bowman Consulting Group from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Roth Capital increased their target price on Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Monday. Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Wall Street Zen downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Insider Activity at Bowman Consulting Group

In related news, CFO Bruce J. Labovitz sold 10,000 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $42.37, for a total transaction of $423,700.00. Following the completion of the sale, the chief financial officer owned 385,560 shares of the company’s stock, valued at $16,336,177.20. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary Bowman sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $35.25, for a total transaction of $440,625.00. Following the completion of the sale, the chief executive officer owned 892,443 shares of the company’s stock, valued at approximately $31,458,615.75. This trade represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 80,000 shares of company stock valued at $3,254,900. 17.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BWMN. Ameritas Investment Partners Inc. increased its position in Bowman Consulting Group by 28.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company’s stock valued at $41,000 after buying an additional 317 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Bowman Consulting Group by 3.8% during the third quarter. Franklin Resources Inc. now owns 10,289 shares of the company’s stock valued at $436,000 after acquiring an additional 377 shares in the last quarter. Creative Planning increased its holdings in shares of Bowman Consulting Group by 5.0% during the third quarter. Creative Planning now owns 13,818 shares of the company’s stock valued at $585,000 after acquiring an additional 661 shares in the last quarter. Comerica Bank raised its position in shares of Bowman Consulting Group by 7.0% in the 1st quarter. Comerica Bank now owns 11,532 shares of the company’s stock valued at $252,000 after purchasing an additional 751 shares during the last quarter. Finally, Boston Partners boosted its stake in Bowman Consulting Group by 3.5% in the 2nd quarter. Boston Partners now owns 23,738 shares of the company’s stock worth $682,000 after purchasing an additional 813 shares in the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

Bowman Consulting Group Trading Down 5.8%

Shares of NASDAQ BWMN opened at $33.51 on Wednesday. Bowman Consulting Group has a twelve month low of $17.90 and a twelve month high of $45.83. The firm has a market cap of $582.07 million, a PE ratio of 36.03, a price-to-earnings-growth ratio of 2.20 and a beta of 1.32. The business has a fifty day simple moving average of $37.73 and a two-hundred day simple moving average of $36.41. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.14.

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

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.