Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN – Get Rating) by 17.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 115,927 shares of the company’s stock after acquiring an additional 17,353 shares during the quarter. Russell Investments Group Ltd.’s holdings in Bowman Consulting Group were worth $2,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Boston Partners grew its position in Bowman Consulting Group by 15.5% in the 3rd quarter. Boston Partners now owns 28,103 shares of the company’s stock valued at $410,000 after buying an additional 3,774 shares in the last quarter. Polar Asset Management Partners Inc. grew its position in Bowman Consulting Group by 0.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,318,274 shares of the company’s stock valued at $19,247,000 after buying an additional 3,811 shares in the last quarter. State Street Corp grew its position in Bowman Consulting Group by 41.0% in the 2nd quarter. State Street Corp now owns 14,709 shares of the company’s stock valued at $182,000 after buying an additional 4,278 shares in the last quarter. Wasatch Advisors Inc. grew its position in Bowman Consulting Group by 0.7% in the 1st quarter. Wasatch Advisors Inc. now owns 709,093 shares of the company’s stock valued at $11,657,000 after buying an additional 4,895 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in Bowman Consulting Group by 102.9% in the 3rd quarter. Valley National Advisers Inc. now owns 10,912 shares of the company’s stock valued at $163,000 after buying an additional 5,535 shares in the last quarter. Institutional investors own 38.97% of the company’s stock.

Insiders Place Their Bets

In other Bowman Consulting Group news, COO Michael Bruen sold 2,500 shares of the firm’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $26.13, for a total value of $65,325.00. Following the completion of the transaction, the chief operating officer now directly owns 483,314 shares in the company, valued at $12,628,994.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Bowman Consulting Group news, COO Michael Bruen sold 2,500 shares of the firm’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $26.13, for a total value of $65,325.00. Following the completion of the transaction, the chief operating officer now directly owns 483,314 shares in the company, valued at $12,628,994.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bruce J. Labovitz sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $27.20, for a total transaction of $81,600.00. Following the completion of the transaction, the chief financial officer now owns 295,451 shares of the company’s stock, valued at $8,036,267.20. The disclosure for this sale can be found here. Insiders sold a total of 27,500 shares of company stock worth $761,890 over the last ninety days. 26.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price objective on shares of Bowman Consulting Group from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, March 13th.

Bowman Consulting Group Stock Performance

NASDAQ:BWMN opened at $27.63 on Friday. Bowman Consulting Group Ltd. has a twelve month low of $10.76 and a twelve month high of $30.95. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $28.39 and a 200-day moving average of $24.47. The firm has a market cap of $391.52 million, a price-to-earnings ratio of 95.28 and a beta of 1.02.

Bowman Consulting Group (NASDAQ:BWMN – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). Bowman Consulting Group had a net margin of 1.23% and a return on equity of 4.25%. The business had revenue of $75.61 million for the quarter, compared to the consensus estimate of $69.23 million. Analysts forecast that Bowman Consulting Group Ltd. will post 0.81 earnings per share for the current fiscal year.

About Bowman Consulting Group

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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.