Robert W. Baird Cuts Bowman Consulting Group (NASDAQ:BWMN) Price Target to $28.00

Bowman Consulting Group (NASDAQ:BWMN) had its price target decreased by equities research analysts at Robert W. Baird from $29.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 27.21% from the company’s current price.

Separately, Bank of America decreased their target price on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Bowman Consulting Group has a consensus rating of “Buy” and an average target price of $38.70.

Bowman Consulting Group Stock Performance

Shares of BWMN stock opened at $22.01 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $23.29 and a 200 day moving average of $23.89. The firm has a market capitalization of $385.84 million, a price-to-earnings ratio of -27.86 and a beta of 1.32. Bowman Consulting Group has a 52 week low of $17.90 and a 52 week high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share 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 company had revenue of $113.22 million for the quarter, compared to the consensus estimate of $110.00 million.

Insider Buying and Selling

In other news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction 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 sale, the insider now directly owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 20.40% of the stock is currently owned by insiders.

Institutional Trading of Bowman Consulting Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP lifted its stake in shares of Bowman Consulting Group by 26.3% in the fourth quarter. Two Sigma Advisers LP now owns 16,800 shares of the company’s stock worth $419,000 after buying an additional 3,500 shares in the last quarter. Two Sigma Investments LP lifted its position in Bowman Consulting Group by 60.6% in the 4th quarter. Two Sigma Investments LP now owns 20,552 shares of the company’s stock valued at $513,000 after acquiring an additional 7,754 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Bowman Consulting Group by 11.7% during the 4th 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 during the last quarter. Deutsche Bank AG boosted its stake in Bowman Consulting Group by 74.4% during the 4th 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 during the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Bowman Consulting Group in the 4th quarter worth $327,000. 63.20% of the stock is currently owned by institutional investors.

About Bowman Consulting Group

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.