Charles Schwab Investment Management Inc. Increases Stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Charles Schwab Investment Management Inc. raised its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,039 shares of the company’s stock after acquiring an additional 1,331 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.23% of Bowman Consulting Group worth $999,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BWMN. Geode Capital Management LLC boosted its holdings in Bowman Consulting Group by 9.0% during the third quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock worth $7,859,000 after buying an additional 27,056 shares in the last quarter. Barclays PLC grew its position in shares of Bowman Consulting Group by 210.4% during the 3rd quarter. Barclays PLC now owns 21,341 shares of the company’s stock valued at $513,000 after acquiring an additional 14,466 shares during the period. State Street Corp grew its position in shares of Bowman Consulting Group by 5.8% during the 3rd quarter. State Street Corp now owns 255,259 shares of the company’s stock valued at $6,147,000 after acquiring an additional 13,904 shares during the period. FMR LLC increased its stake in shares of Bowman Consulting Group by 5.0% in the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock valued at $65,757,000 after purchasing an additional 128,981 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in 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 during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

Shares of NASDAQ:BWMN opened at $22.68 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. Bowman Consulting Group Ltd. has a 1 year low of $17.90 and a 1 year high of $36.65. The firm has a market capitalization of $391.55 million, a PE ratio of -28.71 and a beta of 1.32. The business’s 50 day moving average price is $23.00 and its 200-day moving average price is $23.90.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) 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 analyst estimates of $110.00 million. Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 188,177 shares in the company, valued at $4,226,455.42. This represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 20.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BWMN has been the subject of a number of recent analyst reports. Bank of America cut their price objective on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a research report on Wednesday, March 12th. B. Riley raised shares of Bowman Consulting Group to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, Robert W. Baird reduced their price objective 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. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $33.83.

About Bowman Consulting Group

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.