Russell Investments Group Ltd. raised its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 38.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 117,665 shares of the company's stock after purchasing an additional 32,572 shares during the period. Russell Investments Group Ltd. owned 0.67% of Bowman Consulting Group worth $2,936,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Bowman Consulting Group in the 4th quarter valued at $147,000. Wells Fargo & Company MN raised its stake in 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 purchasing an additional 2,316 shares in the last quarter. Rhumbline Advisers lifted 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 valued at $449,000 after purchasing an additional 1,277 shares during the last quarter. Barclays PLC grew its stake in shares of Bowman Consulting Group by 210.4% in the 3rd quarter. Barclays PLC now owns 21,341 shares of the company's stock worth $513,000 after buying an additional 14,466 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Bowman Consulting Group during the 4th quarter valued at about $703,000. Hedge funds and other institutional investors own 63.20% of the company's stock.
Analyst Ratings Changes
BWMN has been the subject of several recent research reports. B. Riley upgraded Bowman Consulting Group to a "strong-buy" rating in a research report on Tuesday, March 18th. Bank of America dropped their target price on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a report on Wednesday, March 12th. Finally, Robert W. Baird decreased their price target on Bowman Consulting Group from $29.00 to $28.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $33.83.
Read Our Latest Stock Report on Bowman Consulting Group
Insider Activity
In related news, insider Robert Alan Hickey sold 2,500 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the transaction, the insider now owns 188,177 shares of the company's stock, valued at $4,226,455.42. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 20.40% of the company's stock.
Bowman Consulting Group Trading Up 2.9 %
NASDAQ BWMN traded up $0.62 during trading on Wednesday, hitting $22.23. The stock had a trading volume of 1,754 shares, compared to its average volume of 95,607. Bowman Consulting Group Ltd. has a one year low of $17.90 and a one year high of $36.65. The stock has a 50 day simple moving average of $21.81 and a 200 day simple moving average of $23.65. The stock has a market capitalization of $383.78 million, a price-to-earnings ratio of -28.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43.
Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $110.00 million. 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
(
Free Report)
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.
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