Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Average Rating of “Buy” by Brokerages

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been assigned an average rating of “Buy” from the four brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $33.83.

A number of research analysts recently weighed in on BWMN shares. Robert W. Baird decreased their price target on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday. Bank of America decreased their price target on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research note on Wednesday, March 12th.

Bowman Consulting Group Trading Down 0.9 %

BWMN stock opened at $23.29 on Wednesday. The company’s 50-day simple moving average is $23.22 and its 200-day simple moving average is $23.87. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. 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 $402.08 million, a P/E ratio of -29.48 and a beta of 1.32.

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

Insider Buying and Selling at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value 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 represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 20.40% of the stock is owned by insiders.

Institutional Trading of Bowman Consulting Group

A number of hedge funds have recently bought and sold shares of BWMN. Charles Schwab Investment Management Inc. raised its holdings in Bowman Consulting Group by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock valued at $932,000 after acquiring an additional 913 shares during the last quarter. FMR LLC increased its holdings in shares of Bowman Consulting Group by 5.0% during the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock worth $65,757,000 after buying an additional 128,981 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Bowman Consulting Group by 115.6% during the 3rd quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after buying an additional 2,087 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Bowman Consulting Group by 10.8% during the 3rd quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock worth $585,000 after buying an additional 2,370 shares during the last quarter. Finally, Polar Asset Management Partners Inc. increased its holdings in shares of Bowman Consulting Group by 16.3% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock worth $11,627,000 after buying an additional 67,708 shares during the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

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.