Robert W. Baird Issues Pessimistic Forecast for Bowman Consulting Group (NASDAQ:BWMN) Stock Price

Bowman Consulting Group (NASDAQ:BWMN) had its price target reduced by investment analysts at Robert W. Baird from $43.00 to $37.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 26.41% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. started coverage on Bowman Consulting Group in a research report on Friday, January 9th. They set a “neutral” rating and a $40.00 price target on the stock. Roth Mkm raised their price objective on shares of 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 reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Monday, December 29th. Wall Street Zen raised shares of Bowman Consulting Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Finally, Zacks Research downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Bowman Consulting Group Price Performance

BWMN stock opened at $29.27 on Friday. The stock has a market capitalization of $508.42 million, a PE ratio of 41.23, a price-to-earnings-growth ratio of 1.75 and a beta of 1.34. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $45.83. 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’s 50-day moving average is $34.20 and its 200-day moving average is $37.47.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Bowman Consulting Group had a return on equity of 4.82% and a net margin of 2.48%.The business had revenue of $128.96 million for the quarter, compared to analysts’ expectations of $129.12 million.

Insider Transactions at Bowman Consulting Group

In other news, CEO Gary Bowman sold 7,500 shares of the stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total value of $265,275.00. Following the transaction, the chief executive officer owned 1,368,338 shares of the company’s stock, valued at $48,398,115.06. This represents a 0.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 40,000 shares of company stock worth $1,412,400 in the last three months. Insiders own 17.42% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of large investors have recently added to or reduced their stakes in BWMN. Asset Management One Co. Ltd. increased its position in shares of Bowman Consulting Group by 59.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 96,875 shares of the company’s stock valued at $4,104,000 after purchasing an additional 36,101 shares during the last quarter. Swedbank AB lifted its position in Bowman Consulting Group by 8.0% in the 3rd quarter. Swedbank AB now owns 450,000 shares of the company’s stock worth $19,062,000 after buying an additional 33,508 shares during the last quarter. Ellsworth Advisors LLC bought a new stake in Bowman Consulting Group in the 3rd quarter worth approximately $808,000. Dynamic Technology Lab Private Ltd purchased a new stake in Bowman Consulting Group in the second quarter worth approximately $231,000. Finally, Groupe la Francaise purchased a new stake in Bowman Consulting Group in the second quarter worth approximately $412,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group News Roundup

Here are the key news stories impacting Bowman Consulting Group this week:

• Positive Sentiment: Q4 EPS beat — Bowman reported $0.45 EPS vs. consensus $0.38, beating estimates; revenue was essentially in line. The beat supports near-term momentum for the stock. Zacks: Q4 Beats
• Positive Sentiment: Earnings call highlights/record growth — Management framed the quarter as record growth with commentary and detail that investors typically view as supportive of multiple expansion if guidance remains constructive. Yahoo: Q4 Highlights
• Positive Sentiment: Full call materials and transcript available — Detailed transcripts and the earnings presentation let investors dig into segment performance, backlog and margin drivers (useful for modelling forward quarters). Seeking Alpha: Transcript
• Neutral Sentiment: Short-interest report appears to show 0 shares and NaN changes — the published March short-interest entries look erroneous or incomplete, so they’re not a meaningful signal right now.
• Neutral Sentiment: Volume and technicals — Today’s trading volume is materially above average, indicating increased attention; however the stock trades below its 50- and 200-day moving averages, so technical resistance remains.
• Negative Sentiment: Analyst price-target cut — Robert W. Baird lowered its target from $43 to $37 but maintained an “outperform” rating, signaling some analyst caution despite continued bullish stance. Benzinga: Baird PT Cut

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.