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

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have received a consensus recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.70.

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

Bowman Consulting Group Stock Down 1.0 %

Bowman Consulting Group stock opened at $24.69 on Friday. The stock has a market cap of $432.82 million, a PE ratio of -31.25 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a fifty day moving average of $25.62 and a 200 day moving average of $26.19. Bowman Consulting Group has a one year low of $19.92 and a one year high of $42.90.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, Director Stephen A. Riddick sold 2,288 shares of the 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 owns 20,248 shares in the company, valued at approximately $579,092.80. This represents a 10.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Alan Hickey sold 1,444 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $22.09, for a total value of $31,897.96. Following the sale, the insider now directly owns 196,888 shares in the company, valued at approximately $4,349,255.92. This represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,788 shares of company stock valued at $120,641 over the last quarter. 20.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bowman Consulting Group

A number of hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in Bowman Consulting Group by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock worth $932,000 after purchasing an additional 913 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Bowman Consulting Group by 115.6% during the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock valued at $94,000 after buying an additional 2,087 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Bowman Consulting Group by 10.8% in the third quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock worth $585,000 after buying an additional 2,370 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Bowman Consulting Group during the second quarter worth $96,000. Finally, Rhumbline Advisers grew its stake in Bowman Consulting Group by 34.5% during the second quarter. Rhumbline Advisers now owns 15,830 shares of the company’s stock valued at $503,000 after acquiring an additional 4,060 shares in the last quarter. Institutional investors own 63.20% of the company’s stock.

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.