Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Acquired by Comerica Bank

Comerica Bank boosted its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 12.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,781 shares of the company’s stock after acquiring an additional 1,220 shares during the quarter. Comerica Bank owned 0.06% of Bowman Consulting Group worth $269,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWMN. Bank of New York Mellon Corp increased its stake in Bowman Consulting Group by 1.9% during the fourth 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 during the period. Rhumbline Advisers grew its holdings in Bowman Consulting Group by 7.6% in the fourth quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock valued at $449,000 after purchasing an additional 1,277 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Bowman Consulting Group by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,039 shares of the company’s stock valued at $999,000 after acquiring an additional 1,331 shares during the last quarter. Wells Fargo & Company MN boosted its stake 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 acquiring an additional 2,316 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Bowman Consulting Group by 31.2% in the 4th quarter. Voya Investment Management LLC now owns 12,810 shares of the company’s stock worth $320,000 after buying an additional 3,043 shares during the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Insider Activity

In other news, insider Robert Alan Hickey sold 2,500 shares of the company’s 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 sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 20.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BWMN shares. B. Riley upgraded Bowman Consulting Group to a “strong-buy” rating in a report on Tuesday, March 18th. Robert W. Baird upped their price objective on Bowman Consulting Group from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, 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, March 12th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $34.17.

Bowman Consulting Group Price Performance

BWMN opened at $26.30 on Friday. Bowman Consulting Group Ltd. has a 52 week low of $17.90 and a 52 week high of $36.65. The company has a fifty day moving average price of $22.92 and a two-hundred day moving average price of $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 firm has a market capitalization of $453.23 million, a PE ratio of -33.29 and a beta of 1.24.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.21). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

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.