Robert W. Baird Cuts Bowman Consulting Group (NASDAQ:BWMN) Price Target to $28.00

Bowman Consulting Group (NASDAQ:BWMN) had its price target cut by Robert W. Baird from $29.00 to $28.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Separately, Bank of America dropped their price target on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research report on Wednesday.

Bowman Consulting Group Trading Down 0.9 %

Shares of BWMN stock opened at $23.29 on Thursday. 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 firm has a market capitalization of $408.27 million, a PE ratio of -29.48 and a beta of 1.32. The stock has a fifty day moving average of $23.22 and a two-hundred day moving average of $23.87. Bowman Consulting Group has a 1 year low of $17.90 and a 1 year high of $42.39.

Bowman Consulting Group (NASDAQ:BWMN) last announced 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). The firm had revenue of $113.22 million during the quarter, compared to analyst estimates of $110.00 million. Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

Insiders Place Their Bets

In other news, insider Robert Alan Hickey sold 2,500 shares of the 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 owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 20.40% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Several hedge funds have recently added to or reduced their stakes in BWMN. Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 913 shares during the period. FMR LLC lifted its position in shares of 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 period. Quantbot Technologies LP lifted its position in shares of 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 acquiring an additional 2,087 shares during the period. Janus Henderson Group PLC lifted its position in shares of Bowman Consulting Group by 10.8% in the 3rd quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock worth $585,000 after acquiring an additional 2,370 shares during the period. Finally, Polar Asset Management Partners Inc. lifted its position in shares of 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 period. Institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Company Profile

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.