Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $39.70 Consensus Price Target from Analysts

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has earned an average rating of “Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $39.70.

Separately, Robert W. Baird lowered their price objective on Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, November 8th.

Insider Buying and Selling at Bowman Consulting Group

In other Bowman Consulting Group news, Director Stephen A. Riddick sold 2,288 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $28.60, for a total value of $65,436.80. Following the completion of the sale, the director now directly owns 20,248 shares of the company’s stock, valued at $579,092.80. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Bowman Consulting Group by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock valued at $7,859,000 after purchasing an additional 27,056 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Bowman Consulting Group by 46.3% in the second quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the company’s stock valued at $2,434,000 after acquiring an additional 24,244 shares during the last quarter. Barclays PLC grew its position in Bowman Consulting Group by 210.4% in the third quarter. Barclays PLC now owns 21,341 shares of the company’s stock worth $513,000 after acquiring an additional 14,466 shares during the period. State Street Corp increased its stake in Bowman Consulting Group by 5.8% during the third quarter. State Street Corp now owns 255,259 shares of the company’s stock worth $6,147,000 after acquiring an additional 13,904 shares during the last quarter. Finally, Pembroke Management LTD raised its position in Bowman Consulting Group by 10.0% in the third quarter. Pembroke Management LTD now owns 711,648 shares of the company’s stock valued at $17,136,000 after purchasing an additional 64,617 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Up 3.5 %

Shares of NASDAQ BWMN opened at $25.65 on Wednesday. The firm has a market cap of $449.64 million, a price-to-earnings ratio of -32.47, a price-to-earnings-growth ratio of 5.67 and a beta of 1.28. The company’s 50-day simple moving average is $25.83 and its 200-day simple moving average is $25.16. 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 has a 52-week low of $19.92 and a 52-week high of $42.90.

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.