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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been assigned an average recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $40.10.

BWMN has been the topic of several research reports. Roth Mkm dropped their price objective on Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Robert W. Baird dropped their price target on 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.

Insider Activity

In related news, President Michael Bruen sold 5,000 shares of the business’s stock in a transaction dated 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 owns 380,739 shares in the company, valued at approximately $13,215,450.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Michael Bruen sold 5,000 shares of Bowman Consulting Group stock in a transaction on Thursday, July 18th. The shares were 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 in the company, valued at approximately $13,215,450.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary Bowman sold 4,002 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total transaction of $96,368.16. Following the completion of the transaction, the chief executive officer now directly owns 919,500 shares in the company, valued at $22,141,560. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,652 shares of company stock valued at $650,564. Insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

A number of large investors have recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new stake in shares of Bowman Consulting Group in the second quarter valued at approximately $96,000. Norden Group LLC acquired a new stake in shares of Bowman Consulting Group in the first quarter valued at about $207,000. Virtu Financial LLC purchased a new stake in Bowman Consulting Group during the first quarter worth about $226,000. Comerica Bank boosted its holdings in Bowman Consulting Group by 18.2% during the first quarter. Comerica Bank now owns 7,745 shares of the company’s stock worth $269,000 after buying an additional 1,190 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in 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 worth $294,000 after buying an additional 393 shares during the period. 63.20% of the stock is owned by hedge funds and other institutional investors.

Bowman Consulting Group Stock Performance

Shares of BWMN opened at $23.70 on Thursday. The company has a market capitalization of $418.71 million, a price-to-earnings ratio of -35.37 and a beta of 1.09. Bowman Consulting Group has a 52-week low of $21.02 and a 52-week high of $42.90. 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 stock has a 50 day moving average price of $25.47 and a 200 day moving average price of $30.21.

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