Bank of New York Mellon Corp Buys 586 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Bank of New York Mellon Corp lifted its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 1.9% during the fourth quarter, Holdings Channel reports. The fund owned 32,031 shares of the company’s stock after buying an additional 586 shares during the quarter. Bank of New York Mellon Corp’s holdings in Bowman Consulting Group were worth $799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC boosted its position in shares of Bowman Consulting Group by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock worth $7,859,000 after purchasing an additional 27,056 shares in the last quarter. Barclays PLC raised its stake in Bowman Consulting Group by 210.4% during 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 during the period. State Street Corp boosted its holdings in Bowman Consulting Group by 5.8% in the third quarter. State Street Corp now owns 255,259 shares of the company’s stock worth $6,147,000 after acquiring an additional 13,904 shares in the last quarter. FMR LLC grew its stake in Bowman Consulting Group by 5.0% in the third 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. Finally, Rhumbline Advisers increased its holdings in shares of 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 in the last quarter. 63.20% of the stock is owned by institutional investors.

Insider Transactions at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction 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 sale, the insider now directly owns 188,177 shares in the company, valued at approximately $4,226,455.42. This trade represents a 1.31 % 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. Company insiders own 20.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Robert W. Baird reduced 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 report on Thursday, March 13th. Bank of America dropped their price objective on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Finally, B. Riley raised shares of Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $33.83.

Bowman Consulting Group Price Performance

BWMN opened at $24.61 on Wednesday. Bowman Consulting Group Ltd. has a 1 year low of $17.90 and a 1 year high of $40.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $424.87 million, a price-to-earnings ratio of -31.15 and a beta of 1.32. The firm’s fifty day moving average price is $23.16 and its two-hundred day moving average price is $23.90.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%. The firm had revenue of $113.22 million for the quarter, compared to the consensus estimate of $110.00 million.

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.