Brokerages Set Bowman Consulting Group Ltd. (NASDAQ:BWMN) PT at $40.90

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $42.50.

Several research analysts recently commented on BWMN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Monday, December 29th. Zacks Research lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Wall Street Zen cut Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Roth Mkm raised their target price on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Finally, Robert W. Baird lowered their target price on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday.

Bowman Consulting Group News Summary

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 Trading Up 0.9%

Shares of NASDAQ:BWMN opened at $29.27 on Monday. The company’s 50-day moving average price is $34.20 and its two-hundred day moving average price is $37.46. Bowman Consulting Group has a one year low of $17.90 and a one year high of $45.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $501.10 million, a PE ratio of 41.23, a price-to-earnings-growth ratio of 1.90 and a beta of 1.34.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $128.96 million during the quarter, compared to analysts’ expectations of $129.12 million. Bowman Consulting Group had a return on equity of 4.78% and a net margin of 2.48%.

Insider Activity at Bowman Consulting Group

In other news, CEO Gary Bowman sold 12,500 shares of Bowman Consulting Group stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total value of $442,125.00. Following the completion of the transaction, the chief executive officer owned 879,943 shares of the company’s stock, valued at $31,123,583.91. This trade represents a 1.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 40,000 shares of company stock valued at $1,412,400. Company insiders own 17.42% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of institutional investors and hedge funds have recently modified their holdings of BWMN. Alliancebernstein L.P. grew its holdings in Bowman Consulting Group by 3,560.2% during the third quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock worth $22,233,000 after purchasing an additional 510,527 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Bowman Consulting Group during the third quarter worth approximately $6,590,000. Tudor Investment Corp ET AL bought a new stake in Bowman Consulting Group in the third quarter valued at approximately $3,958,000. JPMorgan Chase & Co. raised its stake in Bowman Consulting Group by 998.9% in the third quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock valued at $4,249,000 after buying an additional 91,181 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Bowman Consulting Group in the second quarter valued at approximately $2,022,000. 63.20% of the stock is owned by institutional investors.

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.