Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $40.90.

A number of research analysts have recently commented on BWMN shares. JPMorgan Chase & Co. assumed coverage on Bowman Consulting Group in a research note on Friday. They issued a “neutral” rating and a $40.00 target price for the company. Roth Capital increased their price objective on Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Zacks Research upgraded shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 20th.

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, December 17th. The stock was sold at an average price of $35.25, for a total value of $264,375.00. Following the sale, the chief executive officer directly owned 1,375,838 shares of the company’s stock, valued at approximately $48,498,289.50. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bruce J. Labovitz sold 10,000 shares of the 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 sale, the chief financial officer directly owned 385,560 shares in the company, valued at approximately $16,336,177.20. This represents a 2.53% 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 50,000 shares of company stock worth $1,974,100. Insiders own 17.42% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

A number of hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased its stake in Bowman Consulting Group by 28.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company’s stock valued at $41,000 after purchasing an additional 317 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Bowman Consulting Group by 3.8% during the third quarter. Franklin Resources Inc. now owns 10,289 shares of the company’s stock valued at $436,000 after buying an additional 377 shares during the last quarter. Creative Planning increased its position in shares of Bowman Consulting Group by 5.0% during the third quarter. Creative Planning now owns 13,818 shares of the company’s stock valued at $585,000 after acquiring an additional 661 shares in the last quarter. Boston Partners raised its holdings in Bowman Consulting Group by 3.5% in the 2nd quarter. Boston Partners now owns 23,738 shares of the company’s stock worth $682,000 after acquiring an additional 813 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Bowman Consulting Group by 4.7% in the 1st quarter. Rhumbline Advisers now owns 18,829 shares of the company’s stock worth $411,000 after acquiring an additional 845 shares during the last quarter. Institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Trading Up 0.1%

Shares of BWMN opened at $34.82 on Friday. Bowman Consulting Group has a 1-year low of $17.90 and a 1-year high of $45.83. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average price is $35.05 and its 200-day moving average price is $37.23. The firm has a market capitalization of $604.82 million, a price-to-earnings ratio of 37.44, a PEG ratio of 2.25 and a beta of 1.33.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $130.45 million.

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.