Analysts Set Bowman Consulting Group Ltd. (NASDAQ:BWMN) Price Target at $38.17

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $38.1667.

BWMN has been the topic of several research analyst reports. B. Riley upped their price target on shares of Bowman Consulting Group from $43.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Bowman Consulting Group in a research report on Monday.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, COO Daniel Swayze sold 1,350 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $41.33, for a total transaction of $55,795.50. Following the sale, the chief operating officer owned 10,954 shares in the company, valued at $452,728.82. This trade represents a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen A. Riddick sold 3,000 shares of Bowman Consulting Group stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $41.04, for a total value of $123,120.00. Following the sale, the director directly owned 18,461 shares of the company’s stock, valued at approximately $757,639.44. This trade represents a 13.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 64,350 shares of company stock worth $2,728,816. Corporate insiders own 17.42% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in Bowman Consulting Group in the 3rd quarter worth approximately $40,000. Ameritas Investment Partners Inc. raised its stake in shares of Bowman Consulting Group by 28.4% during the second quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company’s stock worth $41,000 after acquiring an additional 317 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Bowman Consulting Group during the first quarter worth approximately $45,000. Tower Research Capital LLC TRC lifted its holdings in shares of 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 worth $66,000 after acquiring an additional 1,633 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Bowman Consulting Group in the 2nd quarter worth approximately $103,000. 63.20% of the stock is currently owned by institutional investors.

Bowman Consulting Group Trading Up 0.2%

Shares of Bowman Consulting Group stock opened at $36.11 on Friday. The company’s 50-day moving average price is $39.93 and its 200-day moving average price is $35.42. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14. Bowman Consulting Group has a 12-month low of $17.90 and a 12-month high of $45.83. The company has a market cap of $627.23 million, a price-to-earnings ratio of 38.83, a PEG ratio of 2.23 and a beta of 1.31.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.38 by $0.23. Bowman Consulting Group had a net margin of 3.33% and a return on equity of 6.30%. The company had revenue of $112.09 million during the quarter, compared to analysts’ expectations of $130.45 million. Bowman Consulting Group has set its FY 2025 guidance at EPS.

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.