Bowman Consulting Group (NASDAQ:BWMN) Trading Up 11.5% – Time to Buy?

Bowman Consulting Group Ltd. (NASDAQ:BWMN) shares traded up 11.5% during trading on Monday . The stock traded as high as $29.21 and last traded at $30.1650. 55,616 shares traded hands during trading, a decline of 64% from the average session volume of 153,768 shares. The stock had previously closed at $27.06.

Analysts Set New Price Targets

BWMN has been the subject of several recent research reports. Robert W. Baird cut their price target on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. JPMorgan Chase & Co. started coverage on Bowman Consulting Group in a report on Friday, January 9th. They issued a “neutral” rating and a $40.00 price objective for the company. Roth Mkm increased their target price on Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Wall Street Zen cut Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

Bowman Consulting Group Stock Performance

The stock has a market cap of $516.73 million, a price-to-earnings ratio of 42.65, a P/E/G ratio of 1.65 and a beta of 1.34. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. The company has a 50 day simple moving average of $32.95 and a 200 day simple moving average of $36.50.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.45 earnings per share 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%.

Insiders Place Their Bets

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 sale, the chief executive officer owned 1,368,338 shares of the company’s stock, valued at approximately $48,398,115.06. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in Bowman Consulting Group during the 3rd quarter worth $40,000. New York State Teachers Retirement System acquired a new stake in shares of Bowman Consulting Group during the fourth quarter valued at about $42,000. Ameritas Investment Partners Inc. boosted its stake in shares of Bowman Consulting Group by 28.4% during the second 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. Tower Research Capital LLC TRC grew its holdings in Bowman Consulting Group by 244.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $66,000 after acquiring an additional 1,633 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Bowman Consulting Group in the third quarter valued at $175,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

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.