Bowman Consulting Group (NASDAQ:BWMN) PT Lowered to $47.00 at Roth Mkm

Bowman Consulting Group (NASDAQ:BWMN - Free Report) had its target price decreased by Roth Mkm from $49.00 to $47.00 in a research note released on Wednesday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

BWMN has been the subject of a number of other research reports. TheStreet upgraded Bowman Consulting Group from a c rating to a b- rating in a report on Wednesday, February 14th. B. Riley reaffirmed a buy rating and issued a $47.00 price objective (up previously from $44.00) on shares of Bowman Consulting Group in a research note on Wednesday, March 13th. Finally, DA Davidson increased their price target on Bowman Consulting Group from $36.00 to $45.00 and gave the company a buy rating in a research note on Wednesday, March 13th. Four analysts have rated the stock with a buy rating, According to MarketBeat, Bowman Consulting Group has a consensus rating of Buy and a consensus target price of $46.33.

Bowman Consulting Group Stock Performance

Shares of BWMN traded down $1.16 during midday trading on Wednesday, reaching $32.08. The stock had a trading volume of 139,369 shares, compared to its average volume of 93,714. Bowman Consulting Group has a one year low of $25.52 and a one year high of $42.90. The firm has a market cap of $494.35 million, a PE ratio of -61.69 and a beta of 1.21. The firm has a 50 day simple moving average of $34.14 and a 200-day simple moving average of $32.63. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.38. Bowman Consulting Group had a positive return on equity of 5.14% and a negative net margin of 1.96%. The business had revenue of $92.97 million during the quarter, compared to the consensus estimate of $88.68 million. As a group, sell-side analysts anticipate that Bowman Consulting Group will post 0.68 EPS for the current year.

Insiders Place Their Bets

In related news, insider Robert Alan Hickey sold 8,000 shares of the company's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $38.94, for a total value of $311,520.00. Following the sale, the insider now owns 214,403 shares in the company, valued at approximately $8,348,852.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Robert Alan Hickey sold 8,000 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $38.94, for a total transaction of $311,520.00. Following the completion of the sale, the insider now owns 214,403 shares in the company, valued at $8,348,852.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary Bowman sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $34.45, for a total transaction of $86,125.00. Following the sale, the chief executive officer now owns 1,106,930 shares of the company's stock, valued at approximately $38,133,738.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,469 shares of company stock worth $6,391,454. Insiders own 20.40% of the company's stock.

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWMN. Russell Investments Group Ltd. boosted its holdings in Bowman Consulting Group by 33.8% in the 1st quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company's stock worth $2,308,000 after buying an additional 16,761 shares during the period. Norden Group LLC purchased a new position in shares of Bowman Consulting Group in the first quarter valued at $207,000. Conestoga Capital Advisors LLC purchased a new stake in Bowman Consulting Group during the 1st quarter worth about $1,028,000. Seven Grand Managers LLC purchased a new position in Bowman Consulting Group during the 1st quarter valued at about $536,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of Bowman Consulting Group in the first quarter worth about $33,000. Institutional investors own 63.20% of the company's stock.

About Bowman Consulting Group

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.