Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $42.50.

BWMN has been the subject of several recent research reports. Wall Street Zen downgraded Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Roth Mkm raised 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. started coverage on shares of Bowman Consulting Group in a research note on Friday, January 9th. They set a “neutral” rating and a $40.00 price target on the stock.

Bowman Consulting Group Trading Up 0.9%

NASDAQ BWMN opened at $29.27 on Monday. The firm’s fifty day moving average is $34.20 and its two-hundred day moving average is $37.48. Bowman Consulting Group has a one year low of $17.90 and a one year high of $45.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $508.42 million, a PE ratio of 41.23, a P/E/G ratio of 1.74 and a beta of 1.34.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $128.96 million for the quarter, compared to analyst estimates of $129.12 million. Bowman Consulting Group had a return on equity of 4.82% and a net margin of 2.48%.

Insider Transactions at Bowman Consulting Group

In other news, CEO Gary Bowman sold 12,500 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $35.37, for a total transaction of $442,125.00. Following the completion of the transaction, the chief executive officer directly owned 879,943 shares of the company’s stock, valued at approximately $31,123,583.91. This represents a 1.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 40,000 shares of company stock worth $1,412,400. Insiders own 17.42% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Management One Co. Ltd. grew its position in Bowman Consulting Group by 59.4% during the third quarter. Asset Management One Co. Ltd. now owns 96,875 shares of the company’s stock worth $4,104,000 after buying an additional 36,101 shares during the period. Swedbank AB lifted its position in shares of Bowman Consulting Group by 8.0% during the 3rd quarter. Swedbank AB now owns 450,000 shares of the company’s stock valued at $19,062,000 after acquiring an additional 33,508 shares during the period. Ellsworth Advisors LLC purchased a new stake in shares of Bowman Consulting Group during the 3rd quarter worth approximately $808,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Bowman Consulting Group during the 2nd quarter worth approximately $231,000. Finally, Groupe la Francaise acquired a new stake in shares of Bowman Consulting Group in the 2nd quarter worth approximately $412,000. 63.20% of the stock is owned by institutional investors and hedge funds.

More Bowman Consulting Group News

Here are the key news stories impacting Bowman Consulting Group this week:

• Positive Sentiment: Q4 EPS beat — Bowman reported $0.45 EPS vs. consensus $0.38, beating estimates; revenue was essentially in line. The beat supports near-term momentum for the stock. Zacks: Q4 Beats
• Positive Sentiment: Earnings call highlights/record growth — Management framed the quarter as record growth with commentary and detail that investors typically view as supportive of multiple expansion if guidance remains constructive. Yahoo: Q4 Highlights
• Positive Sentiment: Full call materials and transcript available — Detailed transcripts and the earnings presentation let investors dig into segment performance, backlog and margin drivers (useful for modelling forward quarters). Seeking Alpha: Transcript
• Neutral Sentiment: Short-interest report appears to show 0 shares and NaN changes — the published March short-interest entries look erroneous or incomplete, so they’re not a meaningful signal right now.
• Neutral Sentiment: Volume and technicals — Today’s trading volume is materially above average, indicating increased attention; however the stock trades below its 50- and 200-day moving averages, so technical resistance remains.
• Negative Sentiment: Analyst price-target cut — Robert W. Baird lowered its target from $43 to $37 but maintained an “outperform” rating, signaling some analyst caution despite continued bullish stance. Benzinga: Baird PT Cut

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.