Bank of America Corp DE Has $470,000 Stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Bank of America Corp DE boosted its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 97.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,834 shares of the company's stock after buying an additional 9,307 shares during the quarter. Bank of America Corp DE owned approximately 0.11% of Bowman Consulting Group worth $470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in Bowman Consulting Group in the 4th quarter worth $42,000. Wells Fargo & Company MN boosted its position in shares of Bowman Consulting Group by 55.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,524 shares of the company's stock valued at $163,000 after acquiring an additional 2,316 shares in the last quarter. Comerica Bank boosted its position in shares of Bowman Consulting Group by 12.8% during the 4th quarter. Comerica Bank now owns 10,781 shares of the company's stock valued at $269,000 after acquiring an additional 1,220 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Bowman Consulting Group by 31.2% during the 4th quarter. Voya Investment Management LLC now owns 12,810 shares of the company's stock valued at $320,000 after acquiring an additional 3,043 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Bowman Consulting Group by 51.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,303 shares of the company's stock valued at $357,000 after acquiring an additional 4,844 shares in the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. B. Riley upgraded shares of Bowman Consulting Group to a "strong-buy" rating in a research report on Tuesday, March 18th. Wall Street Zen raised shares of Bowman Consulting Group from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Bank of America dropped their target price on shares of Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $34.17.

Bowman Consulting Group Trading Up 0.1%

Shares of BWMN traded up $0.02 on Friday, reaching $27.66. 106,544 shares of the company's stock were exchanged, compared to its average volume of 93,691. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $476.66 million, a P/E ratio of -35.01 and a beta of 1.26. The business has a 50 day moving average price of $24.20 and a two-hundred day moving average price of $24.09. Bowman Consulting Group Ltd. has a 12 month low of $17.90 and a 12 month high of $36.65.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.21). Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%.

Bowman Consulting Group announced that its Board of Directors has approved a stock buyback plan on Friday, June 6th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Bowman Consulting Group Company 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.