Bowman Consulting Group (NASDAQ:BWMN) Given New $28.00 Price Target at Robert W. Baird

Bowman Consulting Group (NASDAQ:BWMN) had its price objective cut by stock analysts at Robert W. Baird from $29.00 to $28.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 27.21% from the company’s current price.

Separately, Bank of America dropped their price target on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a research note on Wednesday. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bowman Consulting Group currently has an average rating of “Buy” and an average price target of $38.70.

Bowman Consulting Group Trading Up 17.1 %

Shares of BWMN opened at $22.01 on Thursday. Bowman Consulting Group has a 1-year low of $17.90 and a 1-year high of $42.90. The company has a market capitalization of $385.84 million, a P/E ratio of -27.86 and a beta of 1.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The firm’s 50 day simple moving average is $23.29 and its 200 day simple moving average is $23.89.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 earnings per share 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 company had revenue of $113.22 million for the quarter, compared to analysts’ expectations of $110.00 million.

Insider Buying and Selling

In other news, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total transaction of $56,150.00. Following the transaction, the insider now directly owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Several institutional investors have recently bought and sold shares of BWMN. Bank of New York Mellon Corp lifted its position in Bowman Consulting Group by 1.9% in the fourth quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company’s stock valued at $799,000 after purchasing an additional 586 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Bowman Consulting Group by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock valued at $932,000 after buying an additional 913 shares during the last quarter. Comerica Bank boosted its position in Bowman Consulting Group by 12.8% during the 4th quarter. Comerica Bank now owns 10,781 shares of the company’s stock valued at $269,000 after buying an additional 1,220 shares during the period. Rhumbline Advisers grew its holdings in Bowman Consulting Group by 7.6% in the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock worth $449,000 after acquiring an additional 1,277 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Bowman Consulting Group in the fourth quarter valued at about $42,000. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

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.