Bowman Consulting Group (NASDAQ:BWMN) Price Target Cut to $30.50 by Analysts at Bank of America

Bowman Consulting Group (NASDAQ:BWMN) had its price objective reduced by Bank of America from $36.50 to $30.50 in a research report sent to investors on Wednesday,Benzinga reports. Bank of America currently has a buy rating on the stock.

Bowman Consulting Group Stock Down 0.9 %

Shares of Bowman Consulting Group stock opened at $23.29 on Wednesday. The business’s 50 day simple moving average is $23.22 and its 200 day simple moving average is $23.87. Bowman Consulting Group has a 52-week low of $17.90 and a 52-week high of $42.39. The firm has a market cap of $408.27 million, a PE ratio of -29.48 and a beta of 1.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the firm’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 completion of the transaction, the insider now directly owns 188,177 shares in the company, valued at $4,226,455.42. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP grew its stake in Bowman Consulting Group by 26.3% in the fourth quarter. Two Sigma Advisers LP now owns 16,800 shares of the company’s stock valued at $419,000 after purchasing an additional 3,500 shares in the last quarter. Two Sigma Investments LP grew its stake in Bowman Consulting Group by 60.6% in the fourth quarter. Two Sigma Investments LP now owns 20,552 shares of the company’s stock valued at $513,000 after purchasing an additional 7,754 shares in the last quarter. Janus Henderson Group PLC grew its stake in Bowman Consulting Group by 11.7% in the fourth quarter. Janus Henderson Group PLC now owns 27,139 shares of the company’s stock valued at $677,000 after purchasing an additional 2,833 shares in the last quarter. Deutsche Bank AG grew its stake in Bowman Consulting Group by 74.4% in the fourth quarter. Deutsche Bank AG now owns 13,031 shares of the company’s stock valued at $325,000 after purchasing an additional 5,560 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in Bowman Consulting Group in the fourth quarter valued at approximately $327,000. 63.20% of the stock is currently owned by 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.