Bowman Consulting Group (NASDAQ:BWMN) Price Target Raised to $40.00

Bowman Consulting Group (NASDAQ:BWMN) had its price target increased by JPMorgan Chase & Co. from $38.00 to $40.00 in a research note released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently issued reports on BWMN. Roth Mkm set a $58.00 price target on shares of Bowman Consulting Group and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird decreased their price target on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Zacks Research downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $47.50.

Bowman Consulting Group Price Performance

Shares of Bowman Consulting Group stock opened at $34.77 on Friday. Bowman Consulting Group has a 52-week low of $24.26 and a 52-week high of $45.83. The company has a 50 day moving average of $30.48 and a 200 day moving average of $33.95. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $608.82 million, a P/E ratio of 57.95, a P/E/G ratio of 3.76 and a beta of 1.36.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%.The firm had revenue of $126.48 million during the quarter, compared to analysts’ expectations of $114.49 million. As a group, research analysts forecast that Bowman Consulting Group will post 0.95 EPS for the current fiscal year.

Insider Buying and Selling at Bowman Consulting Group

In other news, CEO Gary Bowman sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $30.71, for a total transaction of $230,325.00. Following the completion of the sale, the chief executive officer owned 1,353,338 shares in the company, valued at approximately $41,561,009.98. The trade was a 0.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 17.50% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in shares of Bowman Consulting Group during the 3rd quarter worth approximately $40,000. New York State Teachers Retirement System purchased a new stake in shares of Bowman Consulting Group during the 4th quarter worth approximately $42,000. Tower Research Capital LLC TRC lifted its position in shares of Bowman Consulting Group by 244.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $66,000 after buying an additional 1,633 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Bowman Consulting Group during the 3rd quarter worth approximately $175,000. Finally, Strs Ohio purchased a new stake in shares of Bowman Consulting Group during the 3rd quarter worth approximately $182,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

About Bowman Consulting Group

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.