Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives Consensus Rating of “Buy” from Analysts

by · The Cerbat Gem

Bowman Consulting Group Ltd. (NASDAQ:BWMN – Get Free Report) has received a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $40.10.

A number of brokerages have recently weighed in on BWMN. Roth Mkm dropped their price objective on Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Robert W. Baird dropped their target price on Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th.

Get Our Latest Research Report on Bowman Consulting Group

Insider Buying and Selling

In other news, President Michael Bruen sold 5,000 shares of Bowman Consulting Group stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $31.29, for a total value of $156,450.00. Following the completion of the transaction, the president now owns 375,739 shares in the company, valued at approximately $11,756,873.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Bowman Consulting Group news, insider Robert Alan Hickey sold 1,444 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $22.09, for a total value of $31,897.96. Following the sale, the insider now directly owns 196,888 shares of the company’s stock, valued at approximately $4,349,255.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Michael Bruen sold 5,000 shares of Bowman Consulting Group stock in a transaction on Monday, August 5th. The stock was sold at an average price of $31.29, for a total transaction of $156,450.00. Following the sale, the president now directly owns 375,739 shares of the company’s stock, valued at approximately $11,756,873.31. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,346 shares of company stock valued at $375,487 in the last three months. 20.40% of the stock is owned by corporate insiders.

Institutional Trading of Bowman Consulting Group

Institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in Bowman Consulting Group in the first quarter valued at approximately $620,000. Russell Investments Group Ltd. grew its position in shares of Bowman Consulting Group by 33.8% in the 1st quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company’s stock valued at $2,308,000 after buying an additional 16,761 shares during the last quarter. Vanguard Group Inc. raised its stake in Bowman Consulting Group by 28.0% during the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock worth $23,056,000 after acquiring an additional 144,978 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Bowman Consulting Group by 46.3% in the second quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the company’s stock valued at $2,434,000 after acquiring an additional 24,244 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its position in Bowman Consulting Group by 87.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock valued at $5,958,000 after acquiring an additional 87,410 shares during the last quarter. 63.20% of the stock is owned by hedge funds and other institutional investors.

Bowman Consulting Group Trading Down 1.9 %

Shares of BWMN stock opened at $20.00 on Monday. Bowman Consulting Group has a 1-year low of $19.92 and a 1-year high of $42.90. The firm has a market cap of $353.34 million, a PE ratio of -29.85 and a beta of 1.09. The company has a 50-day moving average of $23.09 and a two-hundred day moving average of $28.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 1.26.

Bowman Consulting Group (NASDAQ:BWMN – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). Bowman Consulting Group had a positive return on equity of 4.40% and a negative net margin of 2.67%. The company had revenue of $104.50 million for the quarter, compared to analysts’ expectations of $113.01 million. On average, analysts predict that Bowman Consulting Group will post -0.36 EPS for the current year.

Bowman Consulting Group Company Profile

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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.

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