Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives Average Recommendation of “Buy” from Brokerages

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Five 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 target price among brokers that have updated their coverage on the stock in the last year is $40.10.

Several brokerages recently weighed in on BWMN. Robert W. Baird reduced their price objective on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Roth Mkm decreased their price target on Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Baird R W raised Bowman Consulting Group to a “strong-buy” rating in a research note on Monday, June 3rd.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, President Michael Bruen sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $34.71, for a total value of $173,550.00. Following the transaction, the president now directly owns 380,739 shares of the company’s stock, valued at $13,215,450.69. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.07, for a total value of $57,675.00. Following the completion of the sale, the insider now directly owns 198,332 shares in the company, valued at approximately $4,575,519.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Michael Bruen sold 5,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $34.71, for a total value of $173,550.00. Following the completion of the sale, the president now directly owns 380,739 shares of the company’s stock, valued at $13,215,450.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,652 shares of company stock valued at $650,564. Corporate insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of hedge funds have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in shares of Bowman Consulting Group during the second quarter worth about $96,000. Norden Group LLC purchased a new stake in shares of Bowman Consulting Group in the first quarter worth approximately $207,000. Virtu Financial LLC purchased a new stake in shares of Bowman Consulting Group in the first quarter worth approximately $226,000. Comerica Bank lifted its holdings in shares of Bowman Consulting Group by 18.2% in the first quarter. Comerica Bank now owns 7,745 shares of the company’s stock valued at $269,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Bowman Consulting Group by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock valued at $294,000 after buying an additional 393 shares during the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

Bowman Consulting Group Price Performance

Shares of BWMN opened at $24.08 on Thursday. The stock has a market cap of $425.42 million, a PE ratio of -35.94 and a beta of 1.09. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $25.92 and a two-hundred day simple moving average of $30.37. Bowman Consulting Group has a 12-month low of $21.02 and a 12-month high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Tuesday, August 6th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.10). Bowman Consulting Group had a positive return on equity of 4.40% and a negative net margin of 2.67%. The business had revenue of $104.50 million for the quarter, compared to analyst estimates of $113.01 million. Analysts anticipate that Bowman Consulting Group will post -0.36 earnings per share for the current fiscal year.

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.