Royce & Associates LP Invests $2.14 Million in Bowman Consulting Group Ltd. $BWMN

Royce & Associates LP bought a new position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) in the fourth quarter, Holdings Channel reports. The fund bought 64,837 shares of the company’s stock, valued at approximately $2,141,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BWMN. New York State Teachers Retirement System bought a new position in shares of Bowman Consulting Group in the fourth quarter worth $42,000. Tower Research Capital LLC TRC raised its stake in Bowman Consulting Group by 244.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after purchasing an additional 1,633 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Bowman Consulting Group by 169.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,599 shares of the company’s stock valued at $84,000 after purchasing an additional 1,635 shares in the last quarter. Quantbot Technologies LP acquired a new position in Bowman Consulting Group in the third quarter valued at about $175,000. Finally, Strs Ohio acquired a new position in Bowman Consulting Group in the third quarter valued at about $182,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

Analyst Ratings Changes

BWMN has been the subject of a number of analyst reports. Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Roth Mkm set a $58.00 price target on Bowman Consulting Group and gave the company a “buy” rating in a research note on Thursday, May 7th. Robert W. Baird dropped their price target on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Wall Street Zen cut Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, JPMorgan Chase & Co. lifted their target price on Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $47.50.

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock opened at $31.53 on Friday. Bowman Consulting Group Ltd. has a 12-month low of $24.77 and a 12-month high of $45.83. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $31.14 and its two-hundred day moving average price is $32.91. The stock has a market cap of $552.09 million, a PE ratio of 52.55, a P/E/G ratio of 4.19 and a beta of 1.36.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). The business had revenue of $126.48 million during the quarter, compared to the consensus estimate of $114.49 million. Bowman Consulting Group had a net margin of 2.02% and a return on equity of 3.98%. As a group, analysts expect that Bowman Consulting Group Ltd. will post 0.77 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Gary Bowman sold 7,500 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $30.71, for a total transaction of $230,325.00. Following the sale, the chief executive officer directly owned 1,353,338 shares in the company, valued at approximately $41,561,009.98. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raymond Jr. Vicks sold 1,230 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $33.34, for a total value of $41,008.20. Following the sale, the director owned 18,143 shares in the company, valued at approximately $604,887.62. This trade represents a 6.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 21,230 shares of company stock worth $655,208. Company insiders own 17.50% of the company’s stock.

Bowman Consulting Group Company 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.