Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Consensus Recommendation of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $41.1250.

A number of research firms recently weighed in on BWMN. Zacks Research lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Monday. B. Riley increased their target price on Bowman Consulting Group from $43.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Roth Capital lifted their price objective on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, December 8th.

View Our Latest Analysis on BWMN

Bowman Consulting Group Stock Up 0.8%

Shares of NASDAQ:BWMN opened at $36.13 on Wednesday. The business’s 50 day moving average is $38.21 and its 200 day moving average is $36.37. The stock has a market cap of $627.58 million, a P/E ratio of 38.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.32. Bowman Consulting Group has a 52-week low of $17.90 and a 52-week high of $45.83. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.14.

Bowman Consulting Group (NASDAQ:BWMN – Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.23. Bowman Consulting Group had a return on equity of 6.30% and a net margin of 3.33%.The business had revenue of $112.09 million during the quarter, compared to analyst estimates of $130.45 million.

Insider Buying and Selling at Bowman Consulting Group

In related news, CFO Bruce J. Labovitz sold 10,000 shares of the firm’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $42.37, for a total value of $423,700.00. Following the completion of the transaction, the chief financial officer owned 385,560 shares in the company, valued at $16,336,177.20. This trade represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary Bowman sold 12,500 shares of the stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $42.39, for a total value of $529,875.00. Following the completion of the transaction, the chief executive officer directly owned 919,024 shares in the company, valued at $38,957,427.36. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 60,000 shares of company stock worth $2,549,900. 17.42% of the stock is owned by insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWMN. Nuveen LLC acquired a new position in shares of Bowman Consulting Group in the 1st quarter valued at about $566,000. Russell Investments Group Ltd. raised its position in Bowman Consulting Group by 9.4% during the first quarter. Russell Investments Group Ltd. now owns 128,671 shares of the company’s stock valued at $2,809,000 after acquiring an additional 11,006 shares in the last quarter. Brooklyn Investment Group acquired a new position in Bowman Consulting Group in the first quarter valued at approximately $45,000. Comerica Bank lifted its holdings in Bowman Consulting Group by 7.0% in the first quarter. Comerica Bank now owns 11,532 shares of the company’s stock valued at $252,000 after acquiring an additional 751 shares during the period. Finally, Pembroke Management LTD boosted its position in Bowman Consulting Group by 12.8% in the 1st quarter. Pembroke Management LTD now owns 520,519 shares of the company’s stock worth $11,363,000 after purchasing an additional 59,197 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

Bowman Consulting Group Company Profile

(Get Free Report)

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.

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