Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $45.50 Consensus Price Target from Analysts

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $45.50.

BWMN has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Friday, March 27th. JPMorgan Chase & Co. began coverage on Bowman Consulting Group in a research report on Friday, January 9th. They issued a “neutral” rating and a $40.00 target price for the company. Robert W. Baird cut their price target on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Zacks Research cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen downgraded Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th.

Insider Buying and Selling

In other Bowman Consulting Group news, CEO Gary Bowman sold 7,500 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total transaction of $265,275.00. Following the completion of the sale, the chief executive officer owned 1,368,338 shares in the company, valued at approximately $48,398,115.06. The trade was a 0.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 17.42% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds and other institutional investors have recently made changes to their positions in BWMN. Invesco Ltd. lifted its position in Bowman Consulting Group by 35.2% in the 4th quarter. Invesco Ltd. now owns 10,954 shares of the company’s stock valued at $362,000 after acquiring an additional 2,852 shares in the last quarter. XTX Topco Ltd bought a new stake in Bowman Consulting Group during the 4th quarter worth approximately $600,000. VARCOV Co. purchased a new stake in shares of Bowman Consulting Group in the fourth quarter worth approximately $296,000. Tudor Investment Corp ET AL raised its stake in shares of Bowman Consulting Group by 10.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 103,461 shares of the company’s stock worth $3,416,000 after purchasing an additional 10,035 shares during the last quarter. Finally, Polymer Capital Management US LLC lifted its holdings in shares of Bowman Consulting Group by 15.3% in the fourth quarter. Polymer Capital Management US LLC now owns 7,225 shares of the company’s stock valued at $239,000 after purchasing an additional 959 shares in the last quarter. 63.20% of the stock is owned by institutional investors.

Bowman Consulting Group Price Performance

Bowman Consulting Group stock opened at $29.65 on Friday. The stock has a market capitalization of $507.61 million, a price-to-earnings ratio of 41.76, a PEG ratio of 1.74 and a beta of 1.39. Bowman Consulting Group has a 52-week low of $20.24 and a 52-week high of $45.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50 day moving average price is $31.68 and its two-hundred day moving average price is $35.81.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Wednesday, March 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $128.96 million for the quarter, compared to the consensus estimate of $129.12 million. Bowman Consulting Group had a net margin of 2.48% and a return on equity of 4.78%.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.