32,000 Shares in Bowman Consulting Group Ltd. $BWMN Purchased by North Star Investment Management Corp.

North Star Investment Management Corp. purchased a new stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,000 shares of the company’s stock, valued at approximately $910,000. North Star Investment Management Corp. owned about 0.19% of Bowman Consulting Group at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Bowman Consulting Group by 51.0% during 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 holdings in shares of Bowman Consulting Group by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock valued at $1,095,000 after purchasing an additional 2,203 shares in the last quarter. Jane Street Group LLC bought a new stake in Bowman Consulting Group in the first quarter worth $287,000. JPMorgan Chase & Co. increased its position in Bowman Consulting Group by 40.0% in the second quarter. JPMorgan Chase & Co. now owns 9,128 shares of the company’s stock worth $262,000 after purchasing an additional 2,608 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Bowman Consulting Group by 8.2% during the second quarter. Rhumbline Advisers now owns 20,369 shares of the company’s stock valued at $586,000 after purchasing an additional 1,540 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Insider Activity

In other Bowman Consulting Group news, Director Raymond Jr. Vicks sold 1,230 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $33.34, for a total transaction of $41,008.20. Following the completion of the transaction, the director owned 18,143 shares in the company, valued at $604,887.62. The trade was a 6.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Bowman sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $30.71, for a total value of $383,875.00. Following the transaction, the chief executive officer directly owned 906,575 shares in the company, valued at approximately $27,840,918.25. This represents a 1.36% 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. Insiders have sold a total of 21,230 shares of company stock worth $655,208 over the last quarter. 17.50% of the stock is currently owned by insiders.

Bowman Consulting Group Stock Down 1.1%

NASDAQ BWMN opened at $29.60 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. Bowman Consulting Group Ltd. has a 52 week low of $25.96 and a 52 week high of $45.83. The firm has a market capitalization of $518.30 million, a price-to-earnings ratio of 49.33, a PEG ratio of 3.97 and a beta of 1.33. The company has a fifty day moving average of $31.68 and a two-hundred day moving average of $32.39.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on BWMN. Weiss Ratings lowered shares of Bowman Consulting Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. upped their target price on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Robert W. Baird decreased their target price on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Roth Mkm set a $58.00 price target on shares of Bowman Consulting Group and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $47.50.

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.