Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $47.50 Consensus Price Target from Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have received a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $47.50.

Several research analysts recently commented on BWMN shares. Weiss Ratings raised Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. increased their price target on Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Wall Street Zen cut Bowman Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Roth Capital set a $58.00 target price on shares of Bowman Consulting Group and gave the stock a “buy” rating in a research note on Thursday, May 7th.

Insider Buying and Selling

In other Bowman Consulting Group news, Director Raymond Jr. Vicks sold 1,230 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total value of $41,008.20. Following the sale, the director directly owned 18,143 shares of the company’s stock, valued at approximately $604,887.62. This represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in Bowman Consulting Group in the fourth quarter valued at $42,000. Tower Research Capital LLC TRC increased its holdings in shares of Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after acquiring an additional 1,633 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Bowman Consulting Group by 169.6% during the 4th quarter. State of Alaska Department of Revenue now owns 2,599 shares of the company’s stock worth $84,000 after acquiring an additional 1,635 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Bowman Consulting Group during the first quarter worth approximately $196,000. Finally, NewEdge Advisors LLC boosted its holdings in Bowman Consulting Group by 478,000.0% in the third quarter. NewEdge Advisors LLC now owns 4,781 shares of the company’s stock valued at $203,000 after purchasing an additional 4,780 shares in the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

Bowman Consulting Group Stock Down 2.7%

Shares of BWMN opened at $26.98 on Thursday. The stock has a market capitalization of $472.42 million, a PE ratio of 44.97, a P/E/G ratio of 3.49 and a beta of 1.36. Bowman Consulting Group has a 1 year low of $25.07 and a 1 year high of $45.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93. The company’s 50-day simple moving average is $28.97 and its 200-day simple moving average is $30.92.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). The company had revenue of $126.48 million for the quarter, compared to analysts’ expectations of $114.49 million. Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%. Analysts forecast that Bowman Consulting Group will post 0.82 earnings per share for the current fiscal year.

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.