Vanguard Group Inc. Buys 13,198 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Vanguard Group Inc. increased its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 800,748 shares of the company’s stock after purchasing an additional 13,198 shares during the period. Vanguard Group Inc. owned approximately 4.57% of Bowman Consulting Group worth $19,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of Bowman Consulting Group by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company’s stock worth $799,000 after purchasing an additional 586 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Bowman Consulting Group by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock worth $932,000 after buying an additional 913 shares during the last quarter. Rhumbline Advisers raised its position in Bowman Consulting Group by 7.6% during the fourth quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock worth $449,000 after acquiring an additional 1,277 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Bowman Consulting Group in the fourth quarter valued at $147,000. Finally, State Street Corp grew its position in shares of Bowman Consulting Group by 5.8% in the 3rd quarter. State Street Corp now owns 255,259 shares of the company’s stock valued at $6,147,000 after acquiring an additional 13,904 shares during the period. Institutional investors own 63.20% of the company’s stock.

Wall Street Analyst Weigh In

BWMN has been the topic of a number of research analyst reports. B. Riley upgraded Bowman Consulting Group to a “strong-buy” rating in a research note on Tuesday, March 18th. Robert W. Baird reduced their target price on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Finally, Bank of America lowered their price target on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $33.83.

Bowman Consulting Group Stock Down 0.5 %

BWMN opened at $21.93 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 stock has a fifty day moving average of $21.93 and a 200-day moving average of $23.70. Bowman Consulting Group Ltd. has a fifty-two week low of $17.90 and a fifty-two week high of $36.65. The company has a market capitalization of $378.60 million, a P/E ratio of -27.76 and a beta of 1.24.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The business had revenue of $113.22 million during the quarter, compared to the consensus estimate 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 Activity at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the sale, 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 SEC, which can be accessed through the SEC website. 20.40% of the stock is currently owned by company insiders.

Bowman Consulting Group 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.