Dimensional Fund Advisors LP Increases Stock Holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Dimensional Fund Advisors LP increased its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMNFree Report) by 46.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,581 shares of the company’s stock after acquiring an additional 24,244 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.43% of Bowman Consulting Group worth $2,434,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Norden Group LLC purchased a new stake in shares of Bowman Consulting Group during the first quarter worth about $207,000. Virtu Financial LLC purchased a new stake in Bowman Consulting Group during the 1st quarter worth approximately $226,000. Comerica Bank raised its holdings in shares of Bowman Consulting Group by 18.2% during the first quarter. Comerica Bank now owns 7,745 shares of the company’s stock valued at $269,000 after acquiring an additional 1,190 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Bowman Consulting Group by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock valued at $294,000 after acquiring an additional 393 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Bowman Consulting Group by 27.5% in the first quarter. Boston Partners now owns 8,695 shares of the company’s stock worth $302,000 after acquiring an additional 1,876 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Bowman Consulting Group Stock Up 2.8 %

Shares of BWMN opened at $22.03 on Friday. Bowman Consulting Group Ltd. has a 52-week low of $21.02 and a 52-week high of $42.90. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $23.81 and a two-hundred day simple moving average of $29.41. The company has a market capitalization of $389.20 million, a PE ratio of -32.88 and a beta of 1.09.

Bowman Consulting Group (NASDAQ:BWMNGet Free Report) last issued its earnings results on Tuesday, August 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The firm had revenue of $104.50 million for the quarter, compared to analysts’ expectations of $113.01 million. Bowman Consulting Group had a positive return on equity of 4.40% and a negative net margin of 2.67%. As a group, equities analysts forecast that Bowman Consulting Group Ltd. will post -0.36 EPS for the current year.

Insider Transactions at Bowman Consulting Group

In related news, CEO Gary Bowman sold 3,750 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $35.58, for a total value of $133,425.00. Following the completion of the transaction, the chief executive officer now directly owns 927,252 shares in the company, valued at approximately $32,991,626.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.07, for a total transaction of $57,675.00. Following the completion of the sale, the insider now directly owns 198,332 shares of the company’s stock, valued at approximately $4,575,519.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary Bowman sold 3,750 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $35.58, for a total transaction of $133,425.00. Following the transaction, the chief executive officer now directly owns 927,252 shares of the company’s stock, valued at approximately $32,991,626.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,652 shares of company stock worth $650,564 in the last 90 days. Insiders own 20.40% of the company’s stock.

Analyst Upgrades and Downgrades

BWMN has been the topic of a number of research reports. Roth Mkm decreased their price objective on Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Robert W. Baird decreased their price target on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $40.10.

Read Our Latest Research Report on BWMN

Bowman Consulting Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bowman Consulting Group (NASDAQ:BWMN)

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