Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Bought by Summit Creek Advisors LLC

Summit Creek Advisors LLC boosted its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 373,443 shares of the company’s stock after acquiring an additional 46,816 shares during the quarter. Summit Creek Advisors LLC owned about 2.13% of Bowman Consulting Group worth $9,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake 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 acquiring an additional 27,056 shares during the last quarter. Barclays PLC boosted its position in shares of Bowman Consulting Group by 210.4% during the third quarter. Barclays PLC now owns 21,341 shares of the company’s stock worth $513,000 after buying an additional 14,466 shares during the period. State Street Corp boosted its position in shares of Bowman Consulting Group by 5.8% during the third quarter. State Street Corp now owns 255,259 shares of the company’s stock worth $6,147,000 after buying an additional 13,904 shares during the period. FMR LLC boosted its position in shares of Bowman Consulting Group by 5.0% during the third quarter. FMR LLC now owns 2,730,755 shares of the company’s stock worth $65,757,000 after buying an additional 128,981 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Bowman Consulting Group by 7.6% during the fourth quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock worth $449,000 after buying an additional 1,277 shares during the period. Institutional investors and hedge funds own 63.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BWMN. B. Riley upgraded Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Bank of America lowered their price target 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. Finally, Robert W. Baird lowered their price target on 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 research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $33.83.

Bowman Consulting Group Trading Up 1.1 %

NASDAQ:BWMN opened at $24.33 on Monday. The firm has a market cap of $420.03 million, a PE ratio of -30.80 and a beta of 1.32. The stock has a fifty day moving average price of $23.14 and a 200 day moving average price of $23.88. Bowman Consulting Group Ltd. has a 12-month low of $17.90 and a 12-month high of $40.99. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The business had revenue of $113.22 million for the quarter, compared to analysts’ expectations of $110.00 million. Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%.

Insiders Place Their Bets

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total transaction of $56,150.00. Following the completion of the sale, the insider now directly owns 188,177 shares of the company’s stock, valued at $4,226,455.42. The trade was a 1.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.40% of the stock is owned by company insiders.

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.