Brokerages Set Bowman Consulting Group Ltd. (NASDAQ:BWMN) PT at $44.71

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has received a consensus rating of “Reduce” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $43.00.

BWMN has been the subject of a number of research analyst reports. Roth Capital downgraded shares of Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a research report on Wednesday, August 12th. JPMorgan Chase & Co. downgraded Bowman Consulting Group from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $40.00 to $43.00 in a research note on Friday, August 21st. Robert W. Baird set a $43.00 target price on Bowman Consulting Group in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Bowman Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, B. Riley Financial lowered shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Monday, August 10th.

Insider Buying and Selling at Bowman Consulting Group

In other news, Director Patricia Mulroy sold 883 shares of Bowman Consulting Group stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $42.37, for a total transaction of $37,412.71. Following the sale, the director directly owned 26,330 shares in the company, valued at approximately $1,115,602.10. The trade was a 3.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of institutional investors have recently added to or reduced their stakes in BWMN. Royal Bank of Canada raised its holdings in shares of Bowman Consulting Group by 51.0% in the 1st quarter. Royal Bank of Canada now owns 48,613 shares of the company’s stock worth $1,061,000 after buying an additional 16,421 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Bowman Consulting Group by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock worth $1,095,000 after buying an additional 2,203 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Bowman Consulting Group during the 1st quarter worth about $287,000. JPMorgan Chase & Co. increased its stake in shares of Bowman Consulting Group by 40.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,128 shares of the company’s stock valued at $262,000 after acquiring an additional 2,608 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Bowman Consulting Group by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 20,369 shares of the company’s stock valued at $586,000 after acquiring an additional 1,540 shares during the period. 63.20% of the stock is owned by institutional investors and hedge funds.

Bowman Consulting Group Price Performance

NASDAQ BWMN opened at $42.58 on Monday. The company has a 50-day moving average price of $32.04 and a two-hundred day moving average price of $31.58. Bowman Consulting Group has a 52 week low of $25.07 and a 52 week high of $45.83. The stock has a market cap of $738.17 million, a price-to-earnings ratio of 106.45 and a beta of 1.36. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.15. The business had revenue of $146.13 million during the quarter, compared to the consensus estimate of $129.35 million. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. Analysts forecast that Bowman Consulting Group will post 0.75 EPS for the current year.

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.