Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $39.70 Consensus PT from Analysts

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has earned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $39.70.

Separately, Robert W. Baird decreased their price objective on shares of Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, November 8th.

Bowman Consulting Group Stock Down 1.4 %

Shares of BWMN opened at $25.30 on Friday. The firm has a fifty day moving average price of $25.45 and a 200-day moving average price of $26.25. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $443.51 million, a P/E ratio of -32.03 and a beta of 1.28. Bowman Consulting Group has a 12-month low of $19.92 and a 12-month high of $42.90.

Insider Activity

In other Bowman Consulting Group news, Director Stephen A. Riddick sold 2,288 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $28.60, for a total transaction of $65,436.80. Following the completion of the sale, the director now owns 20,248 shares in the company, valued at $579,092.80. This represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Alan Hickey sold 1,444 shares of Bowman Consulting Group stock in a transaction on Friday, October 18th. The shares were sold at an average price of $22.09, for a total value of $31,897.96. Following the completion of the transaction, the insider now owns 196,888 shares in the company, valued at $4,349,255.92. This represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,788 shares of company stock worth $120,641. Company insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in Bowman Consulting Group by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock worth $932,000 after purchasing an additional 913 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Bowman Consulting Group by 115.6% during the 3rd quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after acquiring an additional 2,087 shares in the last quarter. Janus Henderson Group PLC lifted its position in Bowman Consulting Group by 10.8% during the third quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock valued at $585,000 after acquiring an additional 2,370 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Bowman Consulting Group in the second quarter valued at approximately $96,000. Finally, Rhumbline Advisers grew its holdings in Bowman Consulting Group by 34.5% in the second quarter. Rhumbline Advisers now owns 15,830 shares of the company’s stock worth $503,000 after purchasing an additional 4,060 shares during the last quarter. 63.20% of the stock is currently owned by hedge funds and other 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.