Bowman Consulting Group Ltd. $BWMN Stock Holdings Lowered by Summit Creek Advisors LLC

Summit Creek Advisors LLC lessened its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 29.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,600 shares of the company’s stock after selling 64,654 shares during the quarter. Bowman Consulting Group comprises 2.6% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Summit Creek Advisors LLC owned 0.94% of Bowman Consulting Group worth $6,635,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Bowman Consulting Group during the second quarter worth about $31,113,000. Dimensional Fund Advisors LP increased its holdings in Bowman Consulting Group by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock valued at $10,744,000 after buying an additional 43,624 shares during the period. Polar Asset Management Partners Inc. increased its holdings in Bowman Consulting Group by 12.3% in the 1st quarter. Polar Asset Management Partners Inc. now owns 320,000 shares of the company’s stock valued at $9,101,000 after buying an additional 34,976 shares during the period. Wellington Management Group LLP raised its position in shares of Bowman Consulting Group by 215.2% in the 2nd quarter. Wellington Management Group LLP now owns 184,736 shares of the company’s stock valued at $5,394,000 after buying an additional 126,136 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Bowman Consulting Group by 12.8% in the 1st quarter. Lazard Asset Management LLC now owns 111,060 shares of the company’s stock valued at $3,159,000 after buying an additional 12,621 shares in the last quarter. Institutional investors own 63.20% of the company’s stock.

Insider Buying and Selling

In other Bowman Consulting Group news, Director Patricia Mulroy sold 883 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $42.37, for a total value of $37,412.71. Following the sale, the director owned 26,330 shares in the company, valued at $1,115,602.10. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Bowman sold 37,500 shares of the business’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $42.55, for a total transaction of $1,595,625.00. Following the sale, the chief executive officer directly owned 780,948 shares in the company, valued at approximately $33,229,337.40. The trade was a 4.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 60,883 shares of company stock valued at $2,590,413. 17.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BWMN. Robert W. Baird set a $43.00 price target on shares of Bowman Consulting Group in a report on Monday, August 10th. Craig Hallum cut shares of Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a research note on Tuesday, August 11th. Roth Capital cut shares of Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of Bowman Consulting Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Finally, Capital One Financial set a $43.00 target price on Bowman Consulting Group in a research note on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bowman Consulting Group presently has an average rating of “Reduce” and a consensus target price of $43.00.

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock opened at $43.00 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. The stock has a market cap of $713.37 million, a PE ratio of 107.50 and a beta of 1.47. Bowman Consulting Group Ltd. has a 12-month low of $25.07 and a 12-month high of $43.22. The business’s 50-day moving average price is $42.69 and its two-hundred day moving average price is $34.55.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Friday, November 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.65). Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. The company had revenue of $148.70 million during the quarter, compared to analyst estimates of $137.54 million. As a group, analysts expect that Bowman Consulting Group Ltd. will post 0.75 earnings per share for the current fiscal year.

Bowman Consulting Group Profile

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is an engineering services firm that provides infrastructure, planning, surveying, and consulting solutions to public- and private-sector clients. The company supports projects throughout their development and construction life cycles, serving markets such as transportation, power and utilities, commercial and residential real estate, and public infrastructure.

Its services include civil engineering, land surveying, geomatics, environmental consulting, landscape architecture, construction management, right-of-way services, and utility engineering.