Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives Consensus Rating of “Buy” from Analysts

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been given an average recommendation of “Buy” by the six ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $38.50.

Separately, Bank of America cut their price objective on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a report on Wednesday.

Insider Buying and Selling

In other news, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total transaction of $56,150.00. Following the completion of the sale, the insider now owns 188,177 shares in the company, valued at approximately $4,226,455.42. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 20.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in Bowman Consulting Group during the 4th quarter worth approximately $42,000. Quantbot Technologies LP lifted its holdings in shares of Bowman Consulting Group by 115.6% during the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after buying an additional 2,087 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Bowman Consulting Group in the fourth quarter valued at about $147,000. Wells Fargo & Company MN raised its stake in Bowman Consulting Group by 55.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,524 shares of the company’s stock worth $163,000 after purchasing an additional 2,316 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Bowman Consulting Group by 12.8% during the fourth quarter. Comerica Bank now owns 10,781 shares of the company’s stock worth $269,000 after purchasing an additional 1,220 shares during the period. Institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

Shares of BWMN stock traded up $2.70 during mid-day trading on Wednesday, reaching $21.50. The stock had a trading volume of 65,188 shares, compared to its average volume of 95,896. The firm has a market cap of $376.81 million, a PE ratio of -27.16 and a beta of 1.32. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm’s 50 day simple moving average is $23.35 and its 200 day simple moving average is $23.90. Bowman Consulting Group has a one year low of $17.50 and a one year high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%. The firm had revenue of $113.22 million during the quarter, compared to analyst estimates of $110.00 million.

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.