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

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $40.90.

Several research analysts have commented on the company. Zacks Research raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Monday, December 29th. JPMorgan Chase & Co. assumed coverage on Bowman Consulting Group in a research report on Friday, January 9th. They set a “neutral” rating and a $40.00 price target on the stock. Roth Mkm upped their price target on Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Finally, Wall Street Zen lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th.

Insider Transactions at Bowman Consulting Group

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 value of $265,275.00. Following the transaction, the chief executive officer owned 1,368,338 shares in the company, valued at $48,398,115.06. The trade was a 0.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 40,000 shares of company stock worth $1,412,400. Insiders own 17.42% of the company’s stock.

Institutional Trading of Bowman Consulting Group

A number of hedge funds and other institutional investors have recently modified their holdings of BWMN. Royal Bank of Canada boosted its holdings in Bowman Consulting Group by 51.0% in the first quarter. Royal Bank of Canada now owns 48,613 shares of the company’s stock valued at $1,061,000 after purchasing an additional 16,421 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Bowman Consulting Group by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock valued at $1,095,000 after buying an additional 2,203 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Bowman Consulting Group during the first quarter worth approximately $287,000. Asset Management One Co. Ltd. acquired a new stake in shares of Bowman Consulting Group during the second quarter worth approximately $1,747,000. Finally, AlphaQuest LLC bought a new stake in shares of Bowman Consulting Group in the second quarter worth $103,000. 63.20% of the stock is owned by hedge funds and other institutional investors.

Bowman Consulting Group Stock Down 1.4%

BWMN opened at $33.56 on Thursday. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $45.83. The firm has a 50 day moving average price of $34.95 and a 200 day moving average price of $37.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $582.94 million, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.23. The company had revenue of $112.09 million during the quarter, compared to the consensus estimate of $130.45 million. Bowman Consulting Group had a net margin of 3.33% and a return on equity of 6.30%.

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.