Bowman Consulting Group (NASDAQ:BWMN) Price Target Raised to $43.00

Bowman Consulting Group (NASDAQ:BWMN - Free Report) had its price target boosted by B. Riley from $33.00 to $43.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also issued reports on BWMN. Robert W. Baird upped their target price on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Bowman Consulting Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Bowman Consulting Group presently has an average rating of "Buy" and an average target price of $36.38.

Bowman Consulting Group Stock Down 3.1%

Shares of Bowman Consulting Group stock traded down $1.01 during trading on Wednesday, reaching $31.48. 73,975 shares of the company traded hands, compared to its average volume of 94,945. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.25 and a quick ratio of 1.25. Bowman Consulting Group has a 1-year low of $17.90 and a 1-year high of $36.65. The company has a 50 day moving average price of $27.64 and a 200-day moving average price of $24.61. The firm has a market capitalization of $542.40 million, a PE ratio of 242.15, a P/E/G ratio of 4.60 and a beta of 1.29.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) 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 return on equity of 2.74% and a net margin of 0.54%.

Bowman Consulting Group announced that its Board of Directors has authorized a share repurchase plan on Friday, June 6th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Robert Alan Hickey sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $26.70, for a total value of $133,500.00. Following the sale, the insider directly owned 176,685 shares of the company's stock, valued at $4,717,489.50. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 6,724 shares of company stock valued at $177,970 over the last quarter. Company insiders own 17.42% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in shares of Bowman Consulting Group in the fourth quarter worth approximately $42,000. Brooklyn Investment Group bought a new stake in Bowman Consulting Group in the first quarter valued at $45,000. GAMMA Investing LLC boosted its holdings in Bowman Consulting Group by 1,856.3% in the first quarter. GAMMA Investing LLC now owns 4,519 shares of the company's stock valued at $99,000 after acquiring an additional 4,288 shares in the last quarter. NBC Securities Inc. boosted its holdings in Bowman Consulting Group by 100,080.0% in the first quarter. NBC Securities Inc. now owns 5,009 shares of the company's stock valued at $109,000 after acquiring an additional 5,004 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Bowman Consulting Group by 55.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,524 shares of the company's stock valued at $163,000 after acquiring an additional 2,316 shares in the last quarter. 63.20% of the stock is currently owned by institutional investors.

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.