Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,753 shares of the company’s stock after acquiring an additional 8,727 shares during the period. Northern Trust Corp owned about 0.75% of Bowman Consulting Group worth $3,287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BWMN. SG Americas Securities LLC acquired a new stake in shares of Bowman Consulting Group during the 4th quarter valued at approximately $147,000. Swedbank AB acquired a new stake in shares of Bowman Consulting Group during the 4th quarter valued at approximately $4,990,000. Rhumbline Advisers lifted its position in shares of Bowman Consulting Group by 7.6% during the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock valued at $449,000 after acquiring an additional 1,277 shares during the period. Bank of New York Mellon Corp lifted its position 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 valued at $799,000 after acquiring an additional 586 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Bowman Consulting Group by 3.4% during the 4th 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 period. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BWMN shares. Bank of America reduced 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 report on Wednesday, March 12th. Robert W. Baird lifted their price target on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. B. Riley upgraded shares of Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $34.17.

Bowman Consulting Group Trading Down 0.5%

Shares of Bowman Consulting Group stock opened at $25.03 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. Bowman Consulting Group Ltd. has a 1 year low of $17.90 and a 1 year high of $36.65. The company has a market capitalization of $431.34 million, a P/E ratio of -31.68 and a beta of 1.24. The business has a 50 day moving average price of $23.18 and a 200 day moving average price of $24.05.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data 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 positive return on equity of 3.76% and a negative net margin of 2.62%.

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.