JPMorgan Chase & Co. Issues Positive Forecast for Bowman Consulting Group (NASDAQ:BWMN) Stock Price

Bowman Consulting Group (NASDAQ:BWMN) had its target price hoisted by JPMorgan Chase & Co. from $38.00 to $40.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on BWMN. Wall Street Zen downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings restated a “hold (c)” rating on shares of Bowman Consulting Group in a report on Friday, March 27th. Zacks Research downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Roth Mkm set a $58.00 target price on shares of Bowman Consulting Group and gave the company a “buy” rating in a report on Thursday. Finally, Robert W. Baird reduced their price target on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Bowman Consulting Group has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Bowman Consulting Group Price Performance

Bowman Consulting Group stock opened at $34.77 on Friday. Bowman Consulting Group has a 1 year low of $24.26 and a 1 year high of $45.83. The firm has a 50 day moving average price of $30.48 and a 200 day moving average price of $33.95. The company has a market cap of $608.82 million, a price-to-earnings ratio of 57.95, a PEG ratio of 2.05 and a beta of 1.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.93.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Bowman Consulting Group had a net margin of 2.02% and a return on equity of 3.98%. The company had revenue of $126.48 million during the quarter, compared to analysts’ expectations of $114.49 million. Sell-side analysts predict that Bowman Consulting Group will post 0.95 earnings per share for the current year.

Insiders Place Their Bets

In other Bowman Consulting Group news, CEO Gary Bowman sold 12,500 shares of Bowman Consulting Group stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $30.71, for a total transaction of $383,875.00. Following the transaction, the chief executive officer directly owned 906,575 shares of the company’s stock, valued at $27,840,918.25. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Bowman Consulting Group by 1.7% during the third quarter. Vanguard Group Inc. now owns 802,969 shares of the company’s stock worth $34,014,000 after purchasing an additional 13,366 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Bowman Consulting Group by 3,560.2% during the third 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 in the last quarter. Summit Creek Advisors LLC lifted its position in shares of Bowman Consulting Group by 10.1% during the fourth quarter. Summit Creek Advisors LLC now owns 399,094 shares of the company’s stock worth $13,178,000 after purchasing an additional 36,645 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Bowman Consulting Group by 13.1% during the first quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after purchasing an additional 43,624 shares in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its position in shares of Bowman Consulting Group by 30.2% during the fourth quarter. Polar Asset Management Partners Inc. now owns 285,024 shares of the company’s stock worth $9,411,000 after purchasing an additional 66,029 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

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.