Bowman Consulting Group (NASDAQ:BWMN) PT Lowered to $47.00 at Roth Mkm

Bowman Consulting Group (NASDAQ:BWMN) had its price objective decreased by Roth Mkm from $49.00 to $47.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price objective points to a potential upside of 42.08% from the stock’s current price.

BWMN has been the topic of several other reports. B. Riley restated a “buy” rating and set a $47.00 price target (up from $44.00) on shares of Bowman Consulting Group in a report on Wednesday, March 13th. DA Davidson upped their price objective on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, TheStreet upgraded shares of Bowman Consulting Group from a “c” rating to a “b-” rating in a report on Wednesday, February 14th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $46.33.

Bowman Consulting Group Price Performance

NASDAQ:BWMN traded down $0.16 during midday trading on Wednesday, hitting $33.08. 47,117 shares of the stock were exchanged, compared to its average volume of 92,663. Bowman Consulting Group has a one year low of $25.52 and a one year high of $42.90. The company has a market capitalization of $509.76 million, a price-to-earnings ratio of -63.50 and a beta of 1.21. The business has a 50-day moving average price of $34.14 and a two-hundred day moving average price of $32.63. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Monday, March 11th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.38. Bowman Consulting Group had a negative net margin of 1.96% and a positive return on equity of 5.14%. The business had revenue of $92.97 million for the quarter, compared to analysts’ expectations of $88.68 million. Sell-side analysts predict that Bowman Consulting Group will post 0.68 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Bruce J. Labovitz sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $41.83, for a total transaction of $418,300.00. Following the completion of the transaction, the chief financial officer now owns 293,288 shares of the company’s stock, valued at approximately $12,268,237.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Robert Alan Hickey sold 8,000 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $38.94, for a total value of $311,520.00. Following the completion of the sale, the insider now owns 214,403 shares in the company, valued at $8,348,852.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bruce J. Labovitz sold 10,000 shares of Bowman Consulting Group stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $41.83, for a total value of $418,300.00. Following the sale, the chief financial officer now directly owns 293,288 shares in the company, valued at $12,268,237.04. The disclosure for this sale can be found here. Insiders sold a total of 184,469 shares of company stock valued at $6,391,454 in the last quarter. Insiders own 20.40% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Hedge funds have recently modified their holdings of the company. FMR LLC raised its stake in shares of Bowman Consulting Group by 33.7% in the third quarter. FMR LLC now owns 1,761,350 shares of the company’s stock valued at $49,371,000 after purchasing an additional 444,299 shares in the last quarter. Summit Creek Advisors LLC lifted its holdings in shares of Bowman Consulting Group by 41.0% during the 3rd quarter. Summit Creek Advisors LLC now owns 264,906 shares of the company’s stock worth $7,425,000 after acquiring an additional 76,995 shares during the period. Polen Capital Management LLC acquired a new stake in shares of Bowman Consulting Group during the 4th quarter valued at about $2,010,000. Conestoga Capital Advisors LLC bought a new stake in Bowman Consulting Group in the first quarter valued at about $1,028,000. Finally, Millrace Asset Group Inc. raised its position in Bowman Consulting Group by 58.0% in the fourth quarter. Millrace Asset Group Inc. now owns 53,444 shares of the company’s stock worth $1,898,000 after purchasing an additional 19,617 shares in the last quarter. Institutional investors 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.