Brokerages Set Bowman Consulting Group Ltd. (NASDAQ:BWMN) Price Target at $38.50

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been given an average rating of “Buy” by the four analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $33.83.

A number of equities analysts recently commented on BWMN shares. Robert W. Baird reduced their price target on Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Bank of America reduced their target price on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a research note on Wednesday, March 12th.

Insider Activity

In other news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total transaction of $56,150.00. Following the transaction, the insider now owns 188,177 shares in the company, valued at approximately $4,226,455.42. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in Bowman Consulting Group by 5.0% during the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock worth $65,757,000 after buying an additional 128,981 shares during the period. Vanguard Group Inc. increased its position in Bowman Consulting Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 800,748 shares of the company’s stock worth $19,979,000 after acquiring an additional 13,198 shares during the period. Polar Asset Management Partners Inc. increased its holdings in shares of Bowman Consulting Group by 16.3% during the third quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock worth $11,627,000 after purchasing an additional 67,708 shares during the period. Summit Creek Advisors LLC increased its holdings in shares of Bowman Consulting Group by 14.3% during the fourth quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company’s stock worth $9,317,000 after purchasing an additional 46,816 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Bowman Consulting Group by 9.0% during the third quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock worth $7,859,000 after purchasing an additional 27,056 shares during the period. Institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Trading Up 2.3 %

Shares of Bowman Consulting Group stock opened at $23.74 on Wednesday. Bowman Consulting Group has a 12-month low of $17.90 and a 12-month high of $42.39. The stock has a market cap of $409.85 million, a P/E ratio of -30.05 and a beta of 1.32. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $23.15 and its 200-day moving average is $23.86.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The firm had revenue of $113.22 million during the quarter, compared to analyst estimates of $110.00 million. Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

About Bowman Consulting Group

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.