Bowman Consulting Group Ltd. $BWMN Shares Purchased by Keyvantage Wealth LLC

Keyvantage Wealth LLC boosted its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 15.8% during the second quarter, HoldingsChannel.com reports. The fund owned 22,536 shares of the company’s stock after acquiring an additional 3,069 shares during the period. Keyvantage Wealth LLC’s holdings in Bowman Consulting Group were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new stake in shares of Bowman Consulting Group during the 1st quarter worth approximately $45,000. AlphaQuest LLC acquired a new stake in Bowman Consulting Group in the second quarter worth $103,000. Emerald Advisers LLC lifted its stake in Bowman Consulting Group by 105.9% in the second quarter. Emerald Advisers LLC now owns 6,333 shares of the company’s stock valued at $182,000 after buying an additional 3,257 shares during the last quarter. Comerica Bank boosted its holdings in shares of Bowman Consulting Group by 7.0% during the first quarter. Comerica Bank now owns 11,532 shares of the company’s stock valued at $252,000 after acquiring an additional 751 shares during the period. Finally, Bailard Inc. bought a new position in shares of Bowman Consulting Group during the second quarter worth about $267,000. 63.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BWMN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. B. Riley boosted their price objective on Bowman Consulting Group from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, Zacks Research lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Bowman Consulting Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.17.

Insider Buying and Selling at Bowman Consulting Group

In related news, CFO Bruce J. Labovitz sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $42.37, for a total value of $423,700.00. Following the sale, the chief financial officer directly owned 385,560 shares in the company, valued at $16,336,177.20. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary Bowman sold 7,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $42.27, for a total transaction of $317,025.00. Following the sale, the chief executive officer directly owned 1,383,338 shares of the company’s stock, valued at approximately $58,473,697.26. This represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 64,350 shares of company stock valued at $2,728,816 over the last 90 days. Insiders own 17.42% of the company’s stock.

Bowman Consulting Group Stock Performance

Shares of NASDAQ BWMN opened at $34.57 on Friday. Bowman Consulting Group Ltd. has a 1 year low of $17.90 and a 1 year high of $45.83. The firm has a market cap of $600.48 million, a P/E ratio of 37.17, a PEG ratio of 2.11 and a beta of 1.31. The stock has a fifty day moving average price of $41.40 and a two-hundred day moving average price of $34.65. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 1.30.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.23. Bowman Consulting Group had a return on equity of 6.30% and a net margin of 3.33%.The business had revenue of $112.09 million during the quarter, compared to analyst estimates of $130.45 million. Bowman Consulting Group has set its FY 2025 guidance at EPS.

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.