Bowman Consulting Group (NASDAQ:BWMN) Upgraded at B. Riley

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) was upgraded by equities researchers at B. Riley to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the stock. Robert W. Baird cut their price target on shares of Bowman Consulting Group from $29.00 to $28.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Bank of America dropped 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. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $33.83.

Bowman Consulting Group Stock Up 2.6 %

NASDAQ:BWMN traded up $0.63 on Tuesday, hitting $24.96. The stock had a trading volume of 158,684 shares, compared to its average volume of 96,944. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $40.99. The firm's fifty day simple moving average is $23.15 and its two-hundred day simple moving average is $23.90. 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 market cap of $430.91 million, a P/E ratio of -31.59 and a beta of 1.32.

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Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued 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 the consensus estimate of $110.00 million. Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%.

Insider Activity

In related news, insider Robert Alan Hickey sold 2,500 shares of the company's stock in a transaction that occurred 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 sale, the insider now directly owns 188,177 shares in the company, valued at approximately $4,226,455.42. This represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 20.40% of the company's stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of hedge funds and other institutional investors have recently bought and sold shares of BWMN. BNP Paribas Financial Markets bought a new position in shares of Bowman Consulting Group in the fourth quarter worth $42,000. Quantbot Technologies LP boosted its stake in Bowman Consulting Group by 115.6% in the 3rd quarter. Quantbot Technologies LP now owns 3,893 shares of the company's stock worth $94,000 after purchasing an additional 2,087 shares during the period. SG Americas Securities LLC bought a new position in Bowman Consulting Group in the 4th quarter worth about $147,000. Wells Fargo & Company MN grew its holdings in Bowman Consulting Group by 55.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,524 shares of the company's stock valued at $163,000 after buying an additional 2,316 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Bowman Consulting Group by 12.8% during the fourth 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. 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.