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

Bowman Consulting Group Ltd. (NASDAQ:BWMN – Get Free Report) has earned a consensus rating of “Reduce” from the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $43.00.

BWMN has been the topic of several research reports. Capital One Financial set a $43.00 price objective on shares of Bowman Consulting Group in a report on Tuesday, August 11th. Texas Capital downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded Bowman Consulting Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. lowered 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 report on Friday, August 21st. Finally, Roth Capital downgraded Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research note on Wednesday, August 12th.

Check Out Our Latest Analysis on BWMN

Bowman Consulting Group Trading Down 0.1%

BWMN traded down $0.03 during midday trading on Tuesday, hitting $42.77. 25,497 shares of the company were exchanged, compared to its average volume of 214,746. The firm has a market capitalization of $709.72 million, a P/E ratio of 106.94 and a beta of 1.48. Bowman Consulting Group has a 1-year low of $25.07 and a 1-year high of $45.83. The firm’s 50 day moving average price is $41.31 and its 200-day moving average price is $34.08. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22.

Bowman Consulting Group (NASDAQ:BWMN – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.15. The company had revenue of $146.12 million for the quarter, compared to analyst estimates of $129.35 million. Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. As a group, equities analysts forecast that Bowman Consulting Group will post 0.75 EPS for the current fiscal year.

Insider Activity

In other Bowman Consulting Group news, Director Patricia Mulroy sold 883 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $42.37, for a total value of $37,412.71. Following the completion of the sale, the director directly owned 26,330 shares of the company’s stock, valued at approximately $1,115,602.10. This represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Bowman sold 37,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $42.55, for a total value of $1,595,625.00. Following the completion of the transaction, the chief executive officer directly owned 780,948 shares of the company’s stock, valued at approximately $33,229,337.40. This represents a 4.58% 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. In the last ninety days, insiders sold 61,797 shares of company stock worth $2,615,310. 17.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Bowman Consulting Group

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Bowman Consulting Group during the 2nd quarter worth $31,113,000. Polar Asset Management Partners Inc. purchased a new stake in Bowman Consulting Group in the 2nd quarter worth about $7,210,000. Summit Creek Advisors LLC bought a new stake in Bowman Consulting Group in the 2nd quarter valued at about $6,431,000. Wellington Management Group LLP raised its stake in Bowman Consulting Group by 215.2% in the 2nd quarter. Wellington Management Group LLP now owns 184,736 shares of the company’s stock valued at $5,394,000 after acquiring an additional 126,136 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Bowman Consulting Group by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock valued at $10,744,000 after acquiring an additional 43,624 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Company Profile

(Get Free Report)

Bowman Consulting Group Ltd. is a professional services firm that provides engineering, planning, surveying and technical consulting services for infrastructure and development projects. The company serves public- and private-sector clients across areas such as transportation, power and utilities, water, real estate, renewable energy, mining and federal programs.

Its services include civil engineering, transportation engineering, environmental consulting, geomatics and surveying, land planning, construction management, landscape architecture and other related project and program management support.

Recommended Stories

Analyst Recommendations for Bowman Consulting Group (NASDAQ:BWMN)

Receive News & Ratings for Bowman Consulting Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bowman Consulting Group and related companies with MarketBeat.com's FREE daily email newsletter.