Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $45.50.

BWMN has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Monday, December 29th. Zacks Research cut shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Robert W. Baird dropped their target price on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Wall Street Zen lowered Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Roth Mkm raised their price target on Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, December 8th.

Insider Activity

In related news, CEO Gary Bowman sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $35.37, for a total value of $265,275.00. Following the transaction, the chief executive officer directly owned 1,368,338 shares of the company’s stock, valued at approximately $48,398,115.06. The trade was a 0.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.42% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of institutional investors have recently added to or reduced their stakes in BWMN. State of Alaska Department of Revenue purchased a new position in shares of Bowman Consulting Group in the third quarter worth $40,000. New York State Teachers Retirement System bought a new position in shares of Bowman Consulting Group during the fourth quarter worth $42,000. Ameritas Investment Partners Inc. grew its stake in Bowman Consulting Group by 28.4% during the second quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company’s stock valued at $41,000 after acquiring an additional 317 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after acquiring an additional 1,633 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Bowman Consulting Group in the 3rd quarter valued at $175,000. 63.20% of the stock is owned by hedge funds and other institutional investors.

Bowman Consulting Group Stock Performance

Shares of BWMN stock traded up $0.17 during trading hours on Friday, reaching $28.94. 24,594 shares of the company traded hands, compared to its average volume of 156,920. The firm has a 50-day moving average price of $32.43 and a 200 day moving average price of $36.23. The company has a market cap of $495.52 million, a P/E ratio of 40.73, a P/E/G ratio of 1.81 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. Bowman Consulting Group has a 12-month low of $20.24 and a 12-month high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Wednesday, March 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. Bowman Consulting Group had a net margin of 2.48% and a return on equity of 4.78%. The company had revenue of $128.96 million during the quarter, compared to analyst estimates of $129.12 million.

About Bowman Consulting Group

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.