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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been given an average recommendation of “Buy” by the four research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $33.83.

Several research firms recently weighed in on BWMN. Bank of America dropped 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 report on Wednesday, March 12th. Robert W. Baird dropped their target price on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday.

Bowman Consulting Group Stock Down 0.9 %

Shares of NASDAQ BWMN opened at $23.29 on Wednesday. The company has a 50 day simple moving average of $23.22 and a 200-day simple moving average of $23.87. The company has a market capitalization of $402.08 million, a P/E ratio of -29.48 and a beta of 1.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $42.39.

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

Insider Buying and Selling at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the transaction, the insider now owns 188,177 shares of the company’s stock, valued at $4,226,455.42. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 20.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bowman Consulting Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWMN. Geode Capital Management LLC lifted its position in shares of Bowman Consulting Group by 9.0% during the 3rd 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 last quarter. Barclays PLC lifted its position in shares of Bowman Consulting Group by 210.4% during the 3rd quarter. Barclays PLC now owns 21,341 shares of the company’s stock worth $513,000 after purchasing an additional 14,466 shares during the last quarter. State Street Corp lifted its position in shares of Bowman Consulting Group by 5.8% during the 3rd quarter. State Street Corp now owns 255,259 shares of the company’s stock worth $6,147,000 after purchasing an additional 13,904 shares during the last quarter. FMR LLC lifted its position in shares of 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 purchasing an additional 128,981 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Bowman Consulting Group by 7.6% during the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock worth $449,000 after purchasing an additional 1,277 shares during the last quarter. 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.