Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $45.50.

BWMN has been the topic of several recent research reports. Roth Mkm lifted their target price on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. Wall Street Zen cut shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. JPMorgan Chase & Co. assumed coverage on shares of Bowman Consulting Group in a research note on Friday, January 9th. They issued a “neutral” rating and a $40.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Friday. Finally, Robert W. Baird dropped their price objective on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, March 6th.

Insider Buying and Selling at Bowman Consulting Group

In other news, CEO Gary Bowman sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $35.37, for a total value of $442,125.00. Following the completion of the sale, the chief executive officer directly owned 879,943 shares in the company, valued at $31,123,583.91. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors have recently added to or reduced their stakes in BWMN. Invesco Ltd. increased its holdings in shares of Bowman Consulting Group by 35.2% during the 4th quarter. Invesco Ltd. now owns 10,954 shares of the company’s stock worth $362,000 after buying an additional 2,852 shares during the last quarter. XTX Topco Ltd acquired a new position in Bowman Consulting Group in the fourth quarter valued at approximately $600,000. VARCOV Co. acquired a new position in Bowman Consulting Group in the fourth quarter valued at approximately $296,000. Tudor Investment Corp ET AL grew its position in Bowman Consulting Group by 10.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 103,461 shares of the company’s stock worth $3,416,000 after acquiring an additional 10,035 shares during the period. Finally, Polymer Capital Management US LLC grew its position in Bowman Consulting Group by 15.3% in the fourth quarter. Polymer Capital Management US LLC now owns 7,225 shares of the company’s stock worth $239,000 after acquiring an additional 959 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

NASDAQ BWMN opened at $28.44 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $31.94 and its 200-day simple moving average is $35.90. The company has a market cap of $486.89 million, a PE ratio of 40.06, a price-to-earnings-growth ratio of 1.65 and a beta of 1.34. Bowman Consulting Group has a 1-year low of $20.24 and a 1-year high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. Bowman Consulting Group had a return on equity of 4.78% and a net margin of 2.48%.The firm had revenue of $128.96 million during the quarter, compared to analysts’ expectations of $129.12 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.