Federated Hermes Inc. Takes $1.10 Million Position in Bowman Consulting Group Ltd. $BWMN

Federated Hermes Inc. acquired a new position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 25,901 shares of the company’s stock, valued at approximately $1,097,000. Federated Hermes Inc. owned approximately 0.15% of Bowman Consulting Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Strs Ohio purchased a new position in Bowman Consulting Group in the third quarter worth $182,000. State of Alaska Department of Revenue acquired a new stake in shares of Bowman Consulting Group in the 3rd quarter worth $40,000. SG Americas Securities LLC purchased a new position in Bowman Consulting Group during the 3rd quarter worth $240,000. Asset Management One Co. Ltd. increased its position in Bowman Consulting Group by 59.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 96,875 shares of the company’s stock valued at $4,104,000 after buying an additional 36,101 shares in the last quarter. Finally, Ellsworth Advisors LLC acquired a new position in Bowman Consulting Group during the 3rd quarter valued at about $808,000. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Bowman Consulting Group news, CEO Gary Bowman sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $35.37, for a total value of $442,125.00. Following the completion of the transaction, the chief executive officer directly owned 879,943 shares of the company’s stock, valued at approximately $31,123,583.91. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 40,000 shares of company stock worth $1,412,400 in the last three months. 17.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Bowman Consulting Group in a research note on Friday, January 9th. They set a “neutral” rating and a $40.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Monday, December 29th. Roth Mkm upped their price target on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Zacks Research upgraded shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Wall Street Zen lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bowman Consulting Group has a consensus rating of “Moderate Buy” and an average price target of $40.90.

Bowman Consulting Group Price Performance

NASDAQ:BWMN opened at $33.54 on Friday. Bowman Consulting Group Ltd. has a one year low of $17.90 and a one year high of $45.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $582.59 million, a price-to-earnings ratio of 36.06, a PEG ratio of 2.03 and a beta of 1.33. The firm’s fifty day moving average is $34.90 and its two-hundred day moving average is $37.87.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.23. Bowman Consulting Group had a return on equity of 6.30% and a net margin of 3.33%.The business had revenue of $112.09 million during the quarter, compared to analyst estimates of $130.45 million.

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.