Bowman Consulting Group Ltd. (NASDAQ:BWMN) Stock Has Consensus Target Price of $43.00

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been assigned an average rating of “Reduce” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $43.00.

A number of equities research analysts have commented on BWMN shares. B. Riley Financial cut Bowman Consulting Group from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Robert W. Baird set a $43.00 price target on Bowman Consulting Group in a report on Monday, August 10th. JPMorgan Chase & Co. downgraded shares of Bowman Consulting Group from a “neutral” rating to an “underweight” rating and increased their target price for the company from $40.00 to $43.00 in a research report on Friday, August 21st. Texas Capital cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th.

Insider Buying and Selling at Bowman Consulting Group

In related news, Director Patricia Mulroy sold 883 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $42.37, for a total value of $37,412.71. Following the sale, the director directly owned 26,330 shares of the company’s stock, valued at $1,115,602.10. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 Bowman Consulting Group stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $42.55, for a total transaction of $1,595,625.00. Following the sale, the chief executive officer directly owned 780,948 shares of the company’s stock, valued at $33,229,337.40. This represents a 4.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders own 17.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in Bowman Consulting Group by 38,100.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 764 shares of the company’s stock worth $33,000 after acquiring an additional 762 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Bowman Consulting Group in the 3rd quarter worth about $34,000. Legal & General Group Plc purchased a new position in shares of Bowman Consulting Group during the 2nd quarter worth approximately $42,000. Globeflex Capital L P purchased a new stake in Bowman Consulting Group in the second quarter worth $121,000. Finally, Fiduciary Financial Advisors purchased a new stake in shares of Bowman Consulting Group in the 2nd quarter worth about $153,000. 63.20% of the stock is currently owned by institutional investors.

Bowman Consulting Group Trading Up 0.0%

NASDAQ:BWMN opened at $42.79 on Tuesday. The firm’s fifty day moving average is $42.56 and its 200-day moving average is $34.57. Bowman Consulting Group has a 52 week low of $25.07 and a 52 week high of $45.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $709.89 million, a P/E ratio of 106.97 and a beta of 1.48.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.62 earnings per share (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 the consensus estimate of $129.35 million. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. Equities analysts expect that Bowman Consulting Group will post 0.75 earnings per share for the current year.

Bowman Consulting Group Company Profile

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.