Bowman Consulting Group Ltd. (NASDAQ:BWMN) Stock Has Average Price Target of $43.00 According to Analysts

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has earned a consensus rating of “Reduce” from the eight analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $43.00.

Several research analysts recently issued reports on the company. B. Riley Financial cut Bowman Consulting Group from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Craig Hallum lowered Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research report on Tuesday, August 11th. Roth Capital cut Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Wednesday, August 12th. Wolfe Research set a $43.00 price target on Bowman Consulting Group in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded Bowman Consulting Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th.

Insider Buying and Selling at Bowman Consulting Group

In related news, Director Patricia Mulroy sold 883 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $42.37, for a total transaction of $37,412.71. Following the sale, the director owned 26,330 shares of the company’s stock, valued at $1,115,602.10. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Bowman sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $42.55, for a total transaction of $957,375.00. Following the completion of the sale, the chief executive officer owned 1,272,838 shares in the company, valued at $54,159,256.90. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 60,883 shares of company stock worth $2,590,413 in the last ninety days. Insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of hedge funds and other institutional investors have recently bought and sold shares of BWMN. Farther Finance Advisors LLC grew its holdings in Bowman Consulting Group by 38,100.0% in the third quarter. Farther Finance Advisors LLC now owns 764 shares of the company’s stock worth $33,000 after purchasing an additional 762 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Bowman Consulting Group in the 3rd quarter worth $34,000. Parallel Advisors LLC grew its stake in Bowman Consulting Group by 433.0% during the 3rd quarter. Parallel Advisors LLC now owns 954 shares of the company’s stock worth $41,000 after buying an additional 775 shares during the last quarter. Legal & General Group Plc purchased a new position in Bowman Consulting Group during the 2nd quarter worth $42,000. Finally, Globeflex Capital L P purchased a new position in Bowman Consulting Group during the 2nd quarter worth $121,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock remained flat at $43.00 during trading hours on Friday. 3,686 shares of the company’s stock traded hands, compared to its average volume of 351,617. The company has a market cap of $713.37 million, a price-to-earnings ratio of 107.50 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. Bowman Consulting Group has a 12 month low of $25.07 and a 12 month high of $43.22. The business’s 50-day simple moving average is $42.69 and its 200-day simple moving average is $34.55.

Bowman Consulting Group (NASDAQ:BWMN) last issued its earnings results on Wednesday, November 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.62). Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. The company had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $137.54 million. As a group, equities research analysts anticipate that Bowman Consulting Group will post 0.75 EPS for the current year.

About Bowman Consulting Group

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is an engineering services firm that provides infrastructure, planning, surveying, and consulting solutions to public- and private-sector clients. The company supports projects throughout their development and construction life cycles, serving markets such as transportation, power and utilities, commercial and residential real estate, and public infrastructure.

Its services include civil engineering, land surveying, geomatics, environmental consulting, landscape architecture, construction management, right-of-way services, and utility engineering.