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

B. Riley upgraded shares of Bowman Consulting Group (NASDAQ:BWMN) to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

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

Bowman Consulting Group Price Performance

BWMN 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 stock has a 50-day moving average price of $23.14 and a 200-day moving average price of $23.86. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. 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 posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) 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 business had revenue of $113.22 million for the quarter, compared to analysts’ expectations of $110.00 million.

Insider Activity

In other news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group 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 completion of the transaction, the insider now directly owns 188,177 shares in the company, valued at approximately $4,226,455.42. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in shares of Bowman Consulting Group during the fourth quarter valued at $42,000. Quantbot Technologies LP raised its holdings in Bowman Consulting Group by 115.6% in the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after buying an additional 2,087 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Bowman Consulting Group in the fourth quarter worth approximately $147,000. Wells Fargo & Company MN grew its holdings in shares of Bowman Consulting Group by 55.0% during the fourth 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 during the last quarter. Finally, Comerica Bank raised its holdings in Bowman Consulting Group by 12.8% in the 4th quarter. Comerica Bank now owns 10,781 shares of the company’s stock worth $269,000 after acquiring an additional 1,220 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.