Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 31.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,140 shares of the company's stock after selling 53,565 shares during the period. Royce & Associates LP owned about 0.67% of Bowman Consulting Group worth $2,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in shares of Bowman Consulting Group in the 4th quarter worth $4,990,000. FMR LLC boosted its holdings in Bowman Consulting Group by 5.0% during the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company's stock valued at $65,757,000 after acquiring an additional 128,981 shares during the period. Polar Asset Management Partners Inc. boosted its holdings in Bowman Consulting Group by 16.3% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company's stock valued at $11,627,000 after acquiring an additional 67,708 shares during the period. Geode Capital Management LLC boosted its stake in shares of Bowman Consulting Group by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 326,306 shares of the company's stock valued at $7,859,000 after buying an additional 27,056 shares during the period. Finally, Barclays PLC boosted 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 valued at $513,000 after buying an additional 14,466 shares during the period. Hedge funds and other institutional investors own 63.20% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BWMN. Robert W. Baird decreased their price objective on Bowman Consulting Group from $29.00 to $28.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Bank of America decreased their price objective on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Finally, B. Riley upgraded Bowman Consulting Group to a "strong-buy" rating in a research note on Tuesday, March 18th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Bowman Consulting Group presently has a consensus rating of "Buy" and a consensus target price of $33.83.

Insiders Place Their Bets

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total transaction 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. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 20.40% of the stock is currently owned by corporate insiders.

Bowman Consulting Group Stock Up 1.1 %

BWMN stock traded up $0.27 during trading on Friday, hitting $24.33. 408,323 shares of the company's stock were exchanged, compared to its average volume of 96,696. The business has a 50-day moving average price of $23.14 and a two-hundred day moving average price of $23.87. The stock has a market capitalization of $420.03 million, a price-to-earnings ratio of -30.80 and a beta of 1.32. Bowman Consulting Group Ltd. has a 52-week low of $17.90 and a 52-week high of $40.99. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.06). The business had revenue of $113.22 million for the quarter, compared to analysts' expectations 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 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.