Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $40.90 Consensus Target Price from Brokerages

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $40.90.

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a report on Monday, December 29th. Roth Mkm increased their price target on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Zacks Research lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Bowman Consulting Group in a research note on Friday, January 9th. They issued a “neutral” rating and a $40.00 price objective on the stock.

Bowman Consulting Group Stock Performance

NASDAQ:BWMN opened at $35.33 on Thursday. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $45.83. The stock’s 50 day simple moving average is $34.89 and its two-hundred day simple moving average is $37.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $613.68 million, a price-to-earnings ratio of 37.99, a PEG ratio of 2.14 and a beta of 1.33.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share 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 firm had revenue of $112.09 million for the quarter, compared to analyst estimates of $130.45 million.

Insider Buying and Selling at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 12,500 shares of Bowman Consulting Group stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $35.37, for a total transaction of $442,125.00. Following the completion of the transaction, the chief executive officer owned 879,943 shares in the company, valued at approximately $31,123,583.91. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 40,000 shares of company stock worth $1,412,400. Company insiders own 17.42% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BWMN. State of Alaska Department of Revenue purchased a new stake in Bowman Consulting Group in the 3rd quarter worth approximately $40,000. Ameritas Investment Partners Inc. increased its holdings in shares of 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 purchasing an additional 317 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Bowman Consulting Group in the 4th quarter valued at $42,000. Tower Research Capital LLC TRC boosted its holdings in Bowman Consulting Group by 244.5% during 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 in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Bowman Consulting Group during the second quarter valued at $103,000. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

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.