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

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been given an average recommendation of “Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $42.50.

Several research analysts have weighed in on BWMN shares. Roth Mkm cut their price target on Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Robert W. Baird began coverage on Bowman Consulting Group in a report on Monday, June 3rd. They issued an “outperform” rating and a $37.00 price target for the company. Bank of America began coverage on shares of Bowman Consulting Group in a research report on Friday, May 24th. They set a “buy” rating and a $36.50 price target for the company. Finally, Baird R W raised shares of Bowman Consulting Group to a “strong-buy” rating in a research report on Monday, June 3rd.

Bowman Consulting Group Price Performance

BWMN stock opened at $34.34 on Friday. Bowman Consulting Group has a 1 year low of $25.52 and a 1 year high of $42.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50 day moving average price is $31.71 and its 200 day moving average price is $33.08. The firm has a market cap of $606.68 million, a P/E ratio of -51.25 and a beta of 1.15.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Monday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.18. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. The firm had revenue of $94.91 million for the quarter, compared to analyst estimates of $93.51 million. On average, sell-side analysts expect that Bowman Consulting Group will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Bruce J. Labovitz sold 10,000 shares of Bowman Consulting Group stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $30.79, for a total value of $307,900.00. Following the transaction, the chief financial officer now owns 283,288 shares in the company, valued at approximately $8,722,437.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Raymond Jr. Vicks sold 1,230 shares of Bowman Consulting Group stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $30.95, for a total transaction of $38,068.50. Following the sale, the director now directly owns 3,224 shares in the company, valued at approximately $99,782.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Bruce J. Labovitz sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $30.79, for a total transaction of $307,900.00. Following the completion of the transaction, the chief financial officer now owns 283,288 shares in the company, valued at $8,722,437.52. The disclosure for this sale can be found here. Insiders have sold 31,230 shares of company stock worth $973,206 in the last quarter. 20.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors have recently modified their holdings of BWMN. Boston Partners raised its stake in shares of Bowman Consulting Group by 27.5% during the first quarter. Boston Partners now owns 8,695 shares of the company’s stock worth $302,000 after buying an additional 1,876 shares during the last quarter. Virtu Financial LLC acquired a new position in Bowman Consulting Group during the first quarter valued at approximately $226,000. Comerica Bank grew its holdings in Bowman Consulting Group by 18.2% during the first quarter. Comerica Bank now owns 7,745 shares of the company’s stock valued at $269,000 after purchasing an additional 1,190 shares during the period. Kennedy Capital Management LLC grew its holdings in Bowman Consulting Group by 6.3% during the first quarter. Kennedy Capital Management LLC now owns 53,282 shares of the company’s stock valued at $1,854,000 after purchasing an additional 3,138 shares during the period. Finally, Silvercrest Asset Management Group LLC grew its holdings in Bowman Consulting Group by 28.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 188,724 shares of the company’s stock valued at $6,566,000 after purchasing an additional 41,669 shares during the period. 63.20% of the stock is owned by institutional investors.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.