Bowman Consulting Group (NASDAQ:BWMN) Price Target Raised to $29.00

Bowman Consulting Group (NASDAQ:BWMN) had its target price raised by Robert W. Baird from $28.00 to $29.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 16.84% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Bank of America reduced their target price on shares of 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. B. Riley raised Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $34.17.

Bowman Consulting Group Stock Up 0.5 %

NASDAQ:BWMN opened at $24.82 on Thursday. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $36.65. The stock has a 50-day moving average price of $22.27 and a two-hundred day moving average price of $23.72. The stock has a market cap of $428.89 million, a price-to-earnings ratio of -31.42 and a beta of 1.24. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.21). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

Insider Buying and Selling at Bowman Consulting Group

In other news, insider Robert Alan Hickey sold 2,500 shares of the company’s 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 sale, the insider now owns 188,177 shares in the company, valued at $4,226,455.42. This represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Bowman Consulting Group by 210.4% in the 3rd quarter. Barclays PLC now owns 21,341 shares of the company’s stock valued at $513,000 after acquiring an additional 14,466 shares during the period. Vanguard Group Inc. grew its holdings 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 purchasing an additional 13,198 shares during the period. Bank of New York Mellon Corp grew its holdings in Bowman Consulting Group by 1.9% during the fourth quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company’s stock worth $799,000 after purchasing an additional 586 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Bowman Consulting Group by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,039 shares of the company’s stock valued at $999,000 after buying an additional 1,331 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Bowman Consulting Group by 7.6% in the fourth quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock valued at $449,000 after buying an additional 1,277 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

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.