Bowman Consulting Group (NASDAQ:BWMN) Earns Buy Rating from Analysts at Bank of America

Bank of America assumed coverage on shares of Bowman Consulting Group (NASDAQ:BWMN) in a research report sent to investors on Friday morning, Marketbeat.com reports. The firm issued a buy rating and a $36.50 price target on the stock.

BWMN has been the topic of several other reports. B. Riley reaffirmed a buy rating and issued a $47.00 price target (up from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. DA Davidson increased their target price on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the company a buy rating in a research note on Wednesday, March 13th. TheStreet upgraded shares of Bowman Consulting Group from a c rating to a b- rating in a research note on Wednesday, February 14th. Finally, Roth Mkm reduced their target price on shares of Bowman Consulting Group from $49.00 to $47.00 and set a buy rating for the company in a research note on Wednesday, May 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $43.88.

Bowman Consulting Group Trading Up 4.6 %

NASDAQ BWMN opened at $33.10 on Friday. Bowman Consulting Group has a 1-year low of $25.52 and a 1-year high of $42.90. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $584.78 million, a PE ratio of -49.40 and a beta of 1.21. The firm’s fifty day simple moving average is $33.25 and its 200-day simple moving average is $33.05.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Monday, March 11th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.38. The firm had revenue of $92.97 million for the quarter, compared to the consensus estimate of $88.68 million. Bowman Consulting Group had a negative net margin of 2.43% and a positive return on equity of 5.63%. As a group, sell-side analysts anticipate that Bowman Consulting Group will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bowman Consulting Group news, COO Michael Bruen sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $33.52, for a total transaction of $167,600.00. Following the completion of the transaction, the chief operating officer now owns 436,074 shares in the company, valued at $14,617,200.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Michael Bruen sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $33.52, for a total transaction of $167,600.00. Following the completion of the sale, the chief operating officer now owns 436,074 shares of the company’s stock, valued at $14,617,200.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Bruce J. Labovitz sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $41.83, for a total transaction of $418,300.00. Following the completion of the sale, the chief financial officer now directly owns 293,288 shares of the company’s stock, valued at approximately $12,268,237.04. The disclosure for this sale can be found here. Insiders sold a total of 183,199 shares of company stock worth $6,320,347 over the last quarter. Company insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in shares of Bowman Consulting Group by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 26,917 shares of the company’s stock worth $754,000 after purchasing an additional 442 shares during the last quarter. Jump Financial LLC lifted its stake in Bowman Consulting Group by 7.5% in the 3rd quarter. Jump Financial LLC now owns 12,900 shares of the company’s stock valued at $362,000 after purchasing an additional 900 shares during the last quarter. Boston Partners increased its position in Bowman Consulting Group by 19.7% in the 3rd quarter. Boston Partners now owns 14,319 shares of the company’s stock valued at $401,000 after acquiring an additional 2,357 shares during the period. Navellier & Associates Inc. increased its position in Bowman Consulting Group by 25.2% in the 3rd quarter. Navellier & Associates Inc. now owns 14,497 shares of the company’s stock valued at $406,000 after acquiring an additional 2,915 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Bowman Consulting Group in the 3rd quarter valued at approximately $208,000. 63.20% of the stock is 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.