Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Bowman Consulting an average rating of "Moderate Buy" (six analysts: three hold, three buy) with a 12-month average price target of $45.50, though targets vary from about $37 (Baird) to $50 (Roth MKM).
• CEO Gary Bowman sold 7,500 shares at an average $35.37 on Jan. 21 but still owns 1,368,338 shares; insiders collectively hold 17.42% of the company.
• Shares trade around $28.94—below the 50‑day ($32.43) and 200‑day ($36.23) moving averages and well under analyst targets—after reporting EPS of $0.45 (beat the $0.38 estimate) and revenue of $128.96M; market cap is roughly $495.5M with a P/E of ~40.7.

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $45.50.

BWMN has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Bowman Consulting Group in a research report on Monday, December 29th. Zacks Research cut shares of Bowman Consulting Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 4th. Robert W. Baird dropped their target price on shares of Bowman Consulting Group from $43.00 to $37.00 and set an "outperform" rating for the company in a report on Friday, March 6th. Wall Street Zen lowered Bowman Consulting Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 7th. Finally, Roth Mkm raised their price target on Bowman Consulting Group from $45.00 to $50.00 and gave the company a "buy" rating in a report on Monday, December 8th.

Insider Activity

In related news, CEO Gary Bowman sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $35.37, for a total value of $265,275.00. Following the transaction, the chief executive officer directly owned 1,368,338 shares of the company's stock, valued at approximately $48,398,115.06. The trade was a 0.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.42% of the company's stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of institutional investors have recently added to or reduced their stakes in BWMN. State of Alaska Department of Revenue purchased a new position in shares of Bowman Consulting Group in the third quarter worth $40,000. New York State Teachers Retirement System bought a new position in shares of Bowman Consulting Group during the fourth quarter worth $42,000. Ameritas Investment Partners Inc. grew its stake in Bowman Consulting Group by 28.4% during the second quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company's stock valued at $41,000 after acquiring an additional 317 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company's stock valued at $66,000 after acquiring an additional 1,633 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Bowman Consulting Group in the 3rd quarter valued at $175,000. 63.20% of the stock is owned by hedge funds and other institutional investors.

Bowman Consulting Group Stock Performance

Shares of BWMN stock traded up $0.17 during trading hours on Friday, reaching $28.94. 24,594 shares of the company traded hands, compared to its average volume of 156,920. The firm has a 50-day moving average price of $32.43 and a 200 day moving average price of $36.23. The company has a market cap of $495.52 million, a P/E ratio of 40.73, a P/E/G ratio of 1.81 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. Bowman Consulting Group has a 12-month low of $20.24 and a 12-month high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. Bowman Consulting Group had a net margin of 2.48% and a return on equity of 4.78%. The company had revenue of $128.96 million during the quarter, compared to analyst estimates of $129.12 million.

About Bowman Consulting Group

Bowman Consulting Group Ltd. NASDAQ: BWMN is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.