Bowman Consulting Group (NASDAQ:BWMN) Earns Outperform Rating from Analysts at Robert W. Baird

Robert W. Baird began coverage on shares of Bowman Consulting Group (NASDAQ:BWMN) in a research report released on Monday, MarketBeat Ratings reports. The firm issued an outperform rating and a $37.00 price target on the stock.

A number of other research analysts have also recently commented on the company. DA Davidson upped their price objective on Bowman Consulting Group from $36.00 to $45.00 and gave the company a buy rating in a report on Wednesday, March 13th. Roth Mkm decreased their price objective on Bowman Consulting Group from $49.00 to $47.00 and set a buy rating on the stock in a report on Wednesday, May 8th. Bank of America started coverage on Bowman Consulting Group in a report on Friday, May 24th. They issued a buy rating and a $36.50 price objective on the stock. TheStreet upgraded Bowman Consulting Group from a c rating to a b- rating in a research note on Wednesday, February 14th. Finally, B. Riley restated a buy rating and set a $47.00 price target (up from $44.00) on shares of Bowman Consulting Group in a research note on Wednesday, March 13th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bowman Consulting Group has an average rating of Buy and a consensus target price of $42.50.

Bowman Consulting Group Trading Up 6.4 %

BWMN stock opened at $31.60 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average is $31.97 and its 200 day moving average is $33.18. Bowman Consulting Group has a 12-month low of $25.52 and a 12-month high of $42.90. The stock has a market cap of $558.28 million, a price-to-earnings ratio of -47.16 and a beta of 1.17.

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

Insider Activity at Bowman Consulting Group

In related news, CFO Bruce J. Labovitz sold 10,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $41.83, for a total value of $418,300.00. Following the transaction, the chief financial officer now owns 293,288 shares of the company’s stock, valued at $12,268,237.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Bowman Consulting Group news, Director Raymond Jr. Vicks sold 1,230 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $30.95, for a total transaction of $38,068.50. Following the transaction, the director now owns 3,224 shares of the company’s stock, valued at $99,782.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Bruce J. Labovitz sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $41.83, for a total value of $418,300.00. Following the transaction, the chief financial officer now directly owns 293,288 shares in the company, valued at approximately $12,268,237.04. The disclosure for this sale can be found here. Insiders have sold 178,199 shares of company stock valued at $6,152,747 over the last quarter. 20.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Bowman Consulting Group

Several hedge funds have recently made changes to their positions in BWMN. FMR LLC boosted its stake in shares of Bowman Consulting Group by 33.7% during the third quarter. FMR LLC now owns 1,761,350 shares of the company’s stock worth $49,371,000 after buying an additional 444,299 shares during the period. Vanguard Group Inc. lifted its position in Bowman Consulting Group by 28.0% in the first quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock valued at $23,056,000 after purchasing an additional 144,978 shares during the period. Polen Capital Management LLC acquired a new stake in Bowman Consulting Group in the fourth quarter valued at about $2,010,000. Summit Creek Advisors LLC lifted its position in Bowman Consulting Group by 19.0% in the first quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company’s stock valued at $10,446,000 after purchasing an additional 47,844 shares during the period. Finally, Silvercrest Asset Management Group LLC lifted its position in Bowman Consulting Group by 28.3% in 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. Hedge funds and other institutional investors own 63.20% of the company’s stock.

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.