B. Riley Upgrades Bowman Consulting Group (NASDAQ:BWMN) to “Strong-Buy”

Bowman Consulting Group (NASDAQ:BWMN) was upgraded by investment analysts at B. Riley to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. Bank of America lowered their target price on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird lowered their target price on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $33.83.

Bowman Consulting Group Stock Performance

Shares of BWMN stock opened at $24.32 on Tuesday. The stock has a market capitalization of $419.86 million, a P/E ratio of -30.78 and a beta of 1.32. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $23.14 and its 200 day moving average is $23.86. Bowman Consulting Group has a 12 month low of $17.90 and a 12 month high of $42.39.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The business had revenue of $113.22 million for the quarter, compared to analysts’ expectations of $110.00 million. Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

Insider Transactions at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total transaction of $56,150.00. Following the transaction, the insider now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

Several institutional investors and hedge funds have recently made changes to their positions in BWMN. FMR LLC grew its holdings in Bowman Consulting Group by 5.0% in the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock worth $65,757,000 after acquiring an additional 128,981 shares during the last quarter. Vanguard Group Inc. grew its holdings in Bowman Consulting Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 800,748 shares of the company’s stock worth $19,979,000 after acquiring an additional 13,198 shares during the last quarter. Polar Asset Management Partners Inc. grew its holdings in Bowman Consulting Group by 16.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock worth $11,627,000 after acquiring an additional 67,708 shares during the last quarter. Summit Creek Advisors LLC grew its holdings in Bowman Consulting Group by 14.3% in the 4th quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company’s stock worth $9,317,000 after acquiring an additional 46,816 shares during the last quarter. Finally, Geode Capital Management LLC grew 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 worth $7,859,000 after acquiring an additional 27,056 shares during the last quarter. Institutional investors own 63.20% of the company’s stock.

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.