Bowman Consulting Group (NASDAQ:BWMN) Hits New 1-Year High - Should You Buy?

Key Points

• Bowman Consulting Group Ltd. (NASDAQ:BWMN) reached a 52-week high of $44.54, with shares now trading around $43.74 amid a volume of over 10,000 shares.
• Analyst ratings for Bowman Consulting Group are mixed, with a recent downgrade from Zacks Research to a "hold" rating, while B. Riley raised their price target from $43 to $55 with a "buy" rating.
• Insider selling activity has been notable, with the COO and CFO selling a combined total of over 11,000 shares, resulting in substantial decreases in their ownership stakes.

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $44.54 and last traded at $43.74, with a volume of 10037 shares changing hands. The stock had previously closed at $44.12.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Zacks Research downgraded shares of Bowman Consulting Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 7th. B. Riley increased their price objective on shares of Bowman Consulting Group from $43.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Bowman Consulting Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Bowman Consulting Group from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.17.

Bowman Consulting Group Price Performance

The business's 50-day moving average price is $41.31 and its two-hundred day moving average price is $31.76. The firm has a market cap of $753.57 million, a price-to-earnings ratio of 72.46 and a beta of 1.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 1.26.

Insiders Place Their Bets

In other news, COO Daniel Swayze sold 1,350 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $41.33, for a total transaction of $55,795.50. Following the transaction, the chief operating officer owned 10,954 shares of the company's stock, valued at $452,728.82. This represents a 10.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bruce J. Labovitz sold 10,000 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $42.37, for a total value of $423,700.00. Following the completion of the sale, the chief financial officer owned 385,560 shares of the company's stock, valued at $16,336,177.20. This trade represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,350 shares of company stock valued at $1,883,416. 17.42% of the stock is owned by insiders.

Hedge Funds Weigh In On Bowman Consulting Group

Several hedge funds and other institutional investors have recently modified their holdings of BWMN. Ameritas Investment Partners Inc. lifted its stake in shares of Bowman Consulting Group by 28.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company's stock valued at $41,000 after purchasing an additional 317 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Bowman Consulting Group during the first quarter worth $45,000. Tower Research Capital LLC TRC raised its position in shares of Bowman Consulting Group by 244.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company's stock worth $66,000 after buying an additional 1,633 shares in the last quarter. AlphaQuest LLC purchased a new stake in Bowman Consulting Group during the second quarter valued at about $103,000. Finally, GAMMA Investing LLC grew its stake in shares of Bowman Consulting Group by 1,856.3% during the first quarter. GAMMA Investing LLC now owns 4,519 shares of the company's stock valued at $99,000 after buying an additional 4,288 shares during the last quarter. 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.

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