Asset Management One Co. Ltd. Sells 20,178 Shares of Bowman Consulting Group Ltd. $BWMN

Asset Management One Co. Ltd. trimmed its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 20.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 76,697 shares of the company’s stock after selling 20,178 shares during the quarter. Asset Management One Co. Ltd. owned about 0.44% of Bowman Consulting Group worth $2,620,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BWMN. Swedbank AB lifted its position in shares of Bowman Consulting Group by 8.0% during the 3rd quarter. Swedbank AB now owns 450,000 shares of the company’s stock worth $19,062,000 after buying an additional 33,508 shares during the last quarter. Ellsworth Advisors LLC bought a new stake in shares of Bowman Consulting Group during the 3rd quarter worth $808,000. Tudor Investment Corp ET AL bought a new stake in shares of Bowman Consulting Group during the 3rd quarter worth $3,958,000. JPMorgan Chase & Co. lifted its position in shares of Bowman Consulting Group by 998.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock worth $4,249,000 after buying an additional 91,181 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of Bowman Consulting Group during the 3rd quarter worth $1,097,000. 63.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BWMN has been the subject of several recent analyst reports. Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. initiated coverage on Bowman Consulting Group in a research report on Friday, January 9th. They set a “neutral” rating and a $40.00 price objective for the company. Wall Street Zen downgraded Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings restated a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Friday, March 27th. Finally, Robert W. Baird dropped their price objective on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.50.

Bowman Consulting Group Price Performance

Shares of BWMN opened at $31.45 on Friday. Bowman Consulting Group Ltd. has a 1 year low of $21.70 and a 1 year high of $45.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $538.42 million, a price-to-earnings ratio of 44.30, a price-to-earnings-growth ratio of 1.82 and a beta of 1.39. The business has a 50-day moving average of $30.55 and a 200-day moving average of $34.62.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Bowman Consulting Group had a return on equity of 4.78% and a net margin of 2.48%.The company had revenue of $128.96 million during the quarter, compared to the consensus estimate of $129.12 million. As a group, equities research analysts anticipate that Bowman Consulting Group Ltd. will post 0.95 earnings per share for the current year.

Bowman Consulting Group Profile

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.