Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $45.50 Consensus Price Target from Brokerages

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have earned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $45.50.

Several research firms have weighed in on BWMN. Weiss Ratings restated a “hold (c)” rating on shares of Bowman Consulting Group in a report on Monday, December 29th. Zacks Research cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Roth Mkm 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. JPMorgan Chase & Co. started coverage on shares of Bowman Consulting Group in a report on Friday, January 9th. They issued a “neutral” rating and a $40.00 target price for the company. Finally, Wall Street Zen cut shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th.

Insider Buying and Selling at Bowman Consulting Group

In other news, CEO Gary Bowman sold 7,500 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total value of $265,275.00. Following the sale, the chief executive officer directly owned 1,368,338 shares in the company, valued at $48,398,115.06. The trade was a 0.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 17.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BWMN. State of Alaska Department of Revenue bought a new stake in Bowman Consulting Group during the third quarter worth approximately $40,000. Ameritas Investment Partners Inc. lifted its stake 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 last quarter. New York State Teachers Retirement System purchased a new position in shares of Bowman Consulting Group in the 4th quarter worth approximately $42,000. Tower Research Capital LLC TRC boosted its holdings in shares of Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $66,000 after purchasing an additional 1,633 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Bowman Consulting Group during the 3rd quarter valued at approximately $175,000. Institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

Shares of NASDAQ BWMN opened at $28.63 on Friday. The company has a market cap of $490.15 million, a P/E ratio of 40.32, a P/E/G ratio of 1.75 and a beta of 1.34. Bowman Consulting Group has a 52-week low of $20.24 and a 52-week high of $45.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. The firm’s fifty day moving average is $32.26 and its two-hundred day moving average is $36.08.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. Bowman Consulting Group had a net margin of 2.48% and a return on equity of 4.78%. The business had revenue of $128.96 million during the quarter, compared to the consensus estimate of $129.12 million.

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.