Robert W. Baird Cuts Bowman Consulting Group (NASDAQ:BWMN) Price Target to $28.00

Bowman Consulting Group (NASDAQ:BWMN) had its price target reduced by Robert W. Baird from $29.00 to $28.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

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

Bowman Consulting Group Stock Performance

NASDAQ BWMN opened at $23.29 on Thursday. The firm has a market capitalization of $408.27 million, a P/E ratio of -29.48 and a beta of 1.32. Bowman Consulting Group has a 1-year low of $17.90 and a 1-year high of $42.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The business’s 50-day simple moving average is $23.22 and its 200-day simple moving average is $23.87.

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

Insider Buying and Selling

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total value of $56,150.00. Following the transaction, the insider now directly owns 188,177 shares of the company’s stock, valued at $4,226,455.42. This represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 20.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bowman Consulting Group

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

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.