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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $45.50.

Several analysts have recently issued reports on BWMN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a report on Monday, December 29th. Roth Mkm raised their target price on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, December 8th. Wall Street Zen downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. JPMorgan Chase & Co. started coverage on shares of Bowman Consulting Group in a research report on Friday, January 9th. They set a “neutral” rating and a $40.00 price objective for the company. Finally, Zacks Research cut shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th.

Bowman Consulting Group Price Performance

Shares of BWMN stock traded up $0.17 during trading hours on Friday, hitting $28.94. The stock had a trading volume of 24,594 shares, compared to its average volume of 156,920. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $495.52 million, a price-to-earnings ratio of 40.73, a PEG ratio of 1.81 and a beta of 1.34. Bowman Consulting Group has a one year low of $20.24 and a one year high of $45.83. The stock’s 50-day moving average price is $32.43 and its two-hundred day moving average price is $36.23.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $128.96 million during the quarter, compared to analyst estimates of $129.12 million. Bowman Consulting Group had a return on equity of 4.78% and a net margin of 2.48%.

Insider Activity at Bowman Consulting Group

In related news, CEO Gary Bowman sold 12,500 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total value of $442,125.00. Following the completion of the transaction, the chief executive officer owned 879,943 shares of the company’s stock, valued at approximately $31,123,583.91. This trade represents a 1.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.42% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Bowman Consulting Group by 1.7% during the third quarter. Vanguard Group Inc. now owns 802,969 shares of the company’s stock valued at $34,014,000 after purchasing an additional 13,366 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Bowman Consulting Group by 3,560.2% in the 3rd quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock worth $22,233,000 after purchasing an additional 510,527 shares during the period. Swedbank AB increased its position in shares of Bowman Consulting Group by 8.0% during the 3rd quarter. Swedbank AB now owns 450,000 shares of the company’s stock valued at $19,062,000 after purchasing an additional 33,508 shares during the last quarter. Summit Creek Advisors LLC raised its holdings in Bowman Consulting Group by 10.1% during the 4th quarter. Summit Creek Advisors LLC now owns 399,094 shares of the company’s stock valued at $13,178,000 after buying an additional 36,645 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Bowman Consulting Group by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 343,015 shares of the company’s stock valued at $9,864,000 after buying an additional 9,073 shares during the period. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

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.