Bowman Consulting Group (NASDAQ:BWMN) Stock Rating Upgraded by B. Riley

Bowman Consulting Group (NASDAQ:BWMN) was upgraded by stock analysts at B. Riley to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. Robert W. Baird lowered their target price on Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Bank of America dropped their price target on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $33.83.

Bowman Consulting Group Stock Up 2.4 %

Shares of NASDAQ:BWMN opened at $24.32 on Tuesday. Bowman Consulting Group has a 12 month low of $17.90 and a 12 month high of $42.39. The company’s 50-day moving average price is $23.14 and its two-hundred day moving average price is $23.86. The firm has a market cap of $419.86 million, a P/E ratio of -30.78 and a beta of 1.32. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%. The firm had revenue of $113.22 million during the quarter, compared to analyst estimates of $110.00 million.

Insider Activity

In other news, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the sale, the insider now owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 20.40% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Several large investors have recently made changes to their positions in the company. Swedbank AB acquired a new stake in Bowman Consulting Group in the fourth quarter valued at about $4,990,000. FMR LLC grew its holdings in shares of Bowman Consulting Group by 5.0% during the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock valued at $65,757,000 after purchasing an additional 128,981 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its position in Bowman Consulting Group by 100.1% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 159,289 shares of the company’s stock worth $3,974,000 after purchasing an additional 79,691 shares in the last quarter. Polar Asset Management Partners Inc. lifted its stake in Bowman Consulting Group by 16.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock valued at $11,627,000 after purchasing an additional 67,708 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Bowman Consulting Group by 41.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 194,515 shares of the company’s stock valued at $4,853,000 after buying an additional 57,278 shares in the last quarter. Institutional investors and hedge funds 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.