Keyvantage Wealth LLC Buys New Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Keyvantage Wealth LLC bought a new stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 19,467 shares of the company’s stock, valued at approximately $486,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Bowman Consulting Group by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company’s stock worth $799,000 after purchasing an additional 586 shares in the last quarter. Rhumbline Advisers grew 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 acquiring an additional 1,277 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Bowman Consulting Group by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,039 shares of the company’s stock worth $999,000 after acquiring an additional 1,331 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Bowman Consulting Group by 55.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,524 shares of the company’s stock worth $163,000 after acquiring an additional 2,316 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Bowman Consulting Group by 31.2% in the 4th quarter. Voya Investment Management LLC now owns 12,810 shares of the company’s stock valued at $320,000 after purchasing an additional 3,043 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.40% of the company’s stock.

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock opened at $21.76 on Thursday. Bowman Consulting Group Ltd. has a fifty-two week low of $17.90 and a fifty-two week high of $36.65. The stock’s 50 day simple moving average is $21.79 and its two-hundred day simple moving average is $23.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market cap of $375.66 million, a price-to-earnings ratio of -27.54 and a beta of 1.24.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings data 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 firm had revenue of $113.22 million during 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%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Robert W. Baird lowered their price target on shares of 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. B. Riley raised Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Bank of America cut their price objective on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $33.83.

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.