Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $40.10 Consensus Price Target from Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $40.10.

BWMN has been the topic of a number of research analyst reports. Roth Mkm cut their price target on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Baird R W upgraded shares of Bowman Consulting Group to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, Robert W. Baird decreased their price target on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th.

Bowman Consulting Group Stock Up 1.1 %

Bowman Consulting Group stock opened at $24.08 on Thursday. Bowman Consulting Group has a fifty-two week low of $21.02 and a fifty-two week high of $42.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.26. The firm’s 50-day simple moving average is $25.92 and its 200 day simple moving average is $30.37. The stock has a market cap of $425.42 million, a PE ratio of -35.94 and a beta of 1.09.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10). The business had revenue of $104.50 million during the quarter, compared to the consensus estimate of $113.01 million. Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. Research analysts predict that Bowman Consulting Group will post -0.36 EPS for the current fiscal year.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 3,750 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $35.58, for a total transaction of $133,425.00. Following the sale, the chief executive officer now owns 927,252 shares of the company’s stock, valued at approximately $32,991,626.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.07, for a total value of $57,675.00. Following the sale, the insider now directly owns 198,332 shares of the company’s stock, valued at $4,575,519.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary Bowman sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $35.58, for a total transaction of $133,425.00. Following the transaction, the chief executive officer now directly owns 927,252 shares of the company’s stock, valued at approximately $32,991,626.16. The disclosure for this sale can be found here. Insiders sold 21,652 shares of company stock worth $650,564 over the last quarter. Corporate insiders own 20.40% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in shares of Bowman Consulting Group during the 2nd quarter valued at $96,000. Norden Group LLC bought a new stake in Bowman Consulting Group during the first quarter valued at $207,000. Virtu Financial LLC purchased a new position in Bowman Consulting Group during the first quarter worth about $226,000. Comerica Bank increased its stake in Bowman Consulting Group by 18.2% in the 1st quarter. Comerica Bank now owns 7,745 shares of the company’s stock worth $269,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Bowman Consulting Group by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock valued at $294,000 after acquiring an additional 393 shares in the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

Bowman Consulting Group Company Profile

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.