Bowman Consulting Group (NASDAQ:BWMN) Price Target Cut to $37.00 by Analysts at Robert W. Baird

Bowman Consulting Group (NASDAQ:BWMN) had its target price lowered by Robert W. Baird from $43.00 to $37.00 in a report published on Friday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the company. Roth Mkm increased their price objective on Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. initiated coverage on shares of Bowman Consulting Group in a research report on Friday, January 9th. They set a “neutral” rating and a $40.00 target price on the stock. Wall Street Zen upgraded shares of Bowman Consulting Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a report on Monday, December 29th. Finally, Zacks Research cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.50.

Bowman Consulting Group Stock Performance

BWMN traded up $0.27 during trading on Friday, hitting $29.27. The stock had a trading volume of 283,727 shares, compared to its average volume of 104,884. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $508.42 million, a P/E ratio of 41.23, a PEG ratio of 1.74 and a beta of 1.34. The company’s 50-day moving average price is $34.20 and its 200 day moving average price is $37.48. Bowman Consulting Group has a twelve month low of $17.90 and a twelve month high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Wednesday, March 4th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The company had revenue of $128.96 million during the quarter, compared to analysts’ expectations of $129.12 million. Bowman Consulting Group had a net margin of 2.48% and a return on equity of 4.82%.

Insider Activity

In related news, CEO Gary Bowman sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $35.37, for a total value of $442,125.00. Following the sale, the chief executive officer owned 879,943 shares of the company’s stock, valued at approximately $31,123,583.91. This represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 40,000 shares of company stock worth $1,412,400. Insiders own 17.42% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

Institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its position in shares of Bowman Consulting Group by 35.2% in the fourth quarter. Invesco Ltd. now owns 10,954 shares of the company’s stock valued at $362,000 after acquiring an additional 2,852 shares in the last quarter. XTX Topco Ltd purchased a new stake in Bowman Consulting Group during the 4th quarter worth about $600,000. VARCOV Co. acquired a new position in Bowman Consulting Group in the 4th quarter valued at about $296,000. Tudor Investment Corp ET AL raised its stake in Bowman Consulting Group by 10.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 103,461 shares of the company’s stock valued at $3,416,000 after purchasing an additional 10,035 shares during the last quarter. Finally, Polymer Capital Management US LLC lifted its holdings in Bowman Consulting Group by 15.3% in the 4th quarter. Polymer Capital Management US LLC now owns 7,225 shares of the company’s stock valued at $239,000 after purchasing an additional 959 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Bowman Consulting Group

Here are the key news stories impacting Bowman Consulting Group this week:

• Positive Sentiment: Q4 EPS beat — Bowman reported $0.45 EPS vs. consensus $0.38, beating estimates; revenue was essentially in line. The beat supports near-term momentum for the stock. Zacks: Q4 Beats
• Positive Sentiment: Earnings call highlights/record growth — Management framed the quarter as record growth with commentary and detail that investors typically view as supportive of multiple expansion if guidance remains constructive. Yahoo: Q4 Highlights
• Positive Sentiment: Full call materials and transcript available — Detailed transcripts and the earnings presentation let investors dig into segment performance, backlog and margin drivers (useful for modelling forward quarters). Seeking Alpha: Transcript
• Neutral Sentiment: Short-interest report appears to show 0 shares and NaN changes — the published March short-interest entries look erroneous or incomplete, so they’re not a meaningful signal right now.
• Neutral Sentiment: Volume and technicals — Today’s trading volume is materially above average, indicating increased attention; however the stock trades below its 50- and 200-day moving averages, so technical resistance remains.
• Negative Sentiment: Analyst price-target cut — Robert W. Baird lowered its target from $43 to $37 but maintained an “outperform” rating, signaling some analyst caution despite continued bullish stance. Benzinga: Baird PT Cut

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.