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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $39.70.

Separately, Robert W. Baird decreased their price target on Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th.

Bowman Consulting Group Stock Down 1.8 %

Shares of BWMN opened at $25.43 on Wednesday. The company’s 50-day moving average price is $25.89 and its 200 day moving average price is $25.43. Bowman Consulting Group has a 12-month low of $19.92 and a 12-month high of $42.90. 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 cap of $445.79 million, a P/E ratio of -32.19, a price-to-earnings-growth ratio of 5.63 and a beta of 1.28.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, Director Stephen A. Riddick sold 2,288 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $28.60, for a total value of $65,436.80. Following the sale, the director now owns 20,248 shares of the company’s stock, valued at $579,092.80. This trade represents a 10.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors and hedge funds have recently made changes to their positions in BWMN. Charles Schwab Investment Management Inc. lifted its stake 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 acquiring an additional 913 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Bowman Consulting Group by 7.6% during the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock worth $449,000 after purchasing an additional 1,277 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Bowman Consulting Group by 115.6% during the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after purchasing an additional 2,087 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Bowman Consulting Group by 10.8% in the third quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock valued at $585,000 after buying an additional 2,370 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Bowman Consulting Group in the second quarter valued at $96,000. 63.20% of the stock is owned by institutional investors and hedge funds.

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.