Bowman Consulting Group Ltd. $BWMN Shares Purchased by Summit Creek Advisors LLC

Summit Creek Advisors LLC raised its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 399,094 shares of the company’s stock after purchasing an additional 36,645 shares during the quarter. Bowman Consulting Group accounts for 2.1% of Summit Creek Advisors LLC’s portfolio, making the stock its 23rd largest position. Summit Creek Advisors LLC’s holdings in Bowman Consulting Group were worth $13,178,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BWMN. Royal Bank of Canada grew its position in shares of Bowman Consulting Group by 51.0% in the 1st quarter. Royal Bank of Canada now owns 48,613 shares of the company’s stock worth $1,061,000 after acquiring an additional 16,421 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Bowman Consulting Group by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock worth $1,095,000 after acquiring an additional 2,203 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Bowman Consulting Group in the 1st quarter worth approximately $287,000. JPMorgan Chase & Co. grew its position in shares of Bowman Consulting Group by 40.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,128 shares of the company’s stock worth $262,000 after acquiring an additional 2,608 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Bowman Consulting Group by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 20,369 shares of the company’s stock worth $586,000 after acquiring an additional 1,540 shares in the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

Bowman Consulting Group Trading Up 1.0%

Shares of NASDAQ BWMN opened at $30.97 on Thursday. The company has a market cap of $542.28 million, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 4.07 and a beta of 1.36. Bowman Consulting Group Ltd. has a 12-month low of $24.70 and a 12-month high of $45.83. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $30.57 and its 200 day simple moving average is $33.25.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.07). The company had revenue of $126.48 million during the quarter, compared to the consensus estimate of $114.49 million. Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%. Equities research analysts expect that Bowman Consulting Group Ltd. will post 0.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BWMN. Weiss Ratings lowered Bowman Consulting Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Zacks Research lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Roth Mkm set a $58.00 target price on Bowman Consulting Group and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen lowered Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.50.

Insider Buying and Selling at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 7,500 shares of Bowman Consulting Group stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $30.71, for a total transaction of $230,325.00. Following the sale, the chief executive officer owned 1,353,338 shares of the company’s stock, valued at $41,561,009.98. The trade was a 0.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raymond Jr. Vicks sold 1,230 shares of Bowman Consulting Group stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total value of $41,008.20. Following the sale, the director directly owned 18,143 shares in the company, valued at $604,887.62. The trade was a 6.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,230 shares of company stock worth $655,208 in the last ninety days. 17.50% of the stock is owned by company insiders.

About Bowman Consulting Group

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.