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

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $40.90.

A number of analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Monday, December 29th. Roth Capital raised their target price on shares of 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 lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. Zacks Research raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. began coverage on Bowman Consulting Group in a report on Friday. They issued a “neutral” rating and a $40.00 price objective for the company.

Insider Activity

In other Bowman Consulting Group news, CFO Bruce J. Labovitz sold 10,000 shares of the business’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $42.37, for a total transaction of $423,700.00. Following the completion of the sale, the chief financial officer directly owned 385,560 shares in the company, valued at $16,336,177.20. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary Bowman sold 12,500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $35.25, for a total transaction of $440,625.00. Following the sale, the chief executive officer directly owned 892,443 shares of the company’s stock, valued at $31,458,615.75. The trade was a 1.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 50,000 shares of company stock worth $1,974,100 over the last three months. Insiders own 17.42% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BWMN. State of Alaska Department of Revenue bought a new stake in shares of Bowman Consulting Group during the 3rd quarter valued at $40,000. Ameritas Investment Partners Inc. lifted its position in 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 second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after purchasing an additional 1,633 shares during the period. AlphaQuest LLC purchased a new stake in Bowman Consulting Group in the second quarter worth about $103,000. Finally, Quantbot Technologies LP bought a new position in shares of Bowman Consulting Group in the third quarter worth about $175,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Trading Up 0.1%

Shares of NASDAQ:BWMN opened at $34.82 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.30 and a quick ratio of 1.30. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $45.83. The company has a market cap of $604.82 million, a P/E ratio of 37.44, a PEG ratio of 2.25 and a beta of 1.33. The stock’s fifty day moving average price is $35.05 and its 200-day moving average price is $37.23.

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

About Bowman Consulting Group

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.