940 Shares in Bowman Consulting Group Ltd. (NASDAQ:BWMN) Acquired by Byrne Asset Management LLC

Byrne Asset Management LLC bought a new position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 940 shares of the company’s stock, valued at approximately $33,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BWMN. Norden Group LLC bought a new position in Bowman Consulting Group in the 1st quarter worth approximately $207,000. NBC Securities Inc. bought a new position in Bowman Consulting Group in the 4th quarter worth approximately $214,000. Kestra Advisory Services LLC bought a new position in Bowman Consulting Group in the 3rd quarter worth approximately $208,000. Jump Financial LLC boosted its stake in Bowman Consulting Group by 7.5% in the 3rd quarter. Jump Financial LLC now owns 12,900 shares of the company’s stock worth $362,000 after purchasing an additional 900 shares during the period. Finally, Boston Partners boosted its stake in Bowman Consulting Group by 19.7% in the 3rd quarter. Boston Partners now owns 14,319 shares of the company’s stock worth $401,000 after purchasing an additional 2,357 shares during the period. 63.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 8,000 shares of Bowman Consulting Group stock in a transaction on Monday, March 18th. The shares were sold at an average price of $38.94, for a total transaction of $311,520.00. Following the completion of the transaction, the insider now directly owns 214,403 shares of the company’s stock, valued at $8,348,852.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Bruce J. Labovitz sold 10,000 shares of Bowman Consulting Group stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $30.79, for a total transaction of $307,900.00. Following the completion of the sale, the chief financial officer now directly owns 283,288 shares in the company, valued at $8,722,437.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Alan Hickey sold 8,000 shares of Bowman Consulting Group stock in a transaction on Monday, March 18th. The stock was sold at an average price of $38.94, for a total value of $311,520.00. Following the sale, the insider now owns 214,403 shares of the company’s stock, valued at $8,348,852.82. The disclosure for this sale can be found here. Insiders sold 184,469 shares of company stock valued at $6,391,454 over the last three months. 20.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BWMN has been the subject of a number of research reports. B. Riley reiterated a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. TheStreet upgraded Bowman Consulting Group from a “c” rating to a “b-” rating in a research report on Wednesday, February 14th. DA Davidson increased their target price on Bowman Consulting Group from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Roth Mkm reiterated a “buy” rating and set a $49.00 target price on shares of Bowman Consulting Group in a research report on Monday, April 8th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $47.00.

Bowman Consulting Group Trading Down 2.4 %

NASDAQ BWMN traded down $0.80 on Tuesday, hitting $32.49. 91,679 shares of the stock were exchanged, compared to its average volume of 91,931. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average price of $34.32 and a two-hundred day moving average price of $32.50. The firm has a market capitalization of $500.67 million, a P/E ratio of -62.48 and a beta of 1.19. Bowman Consulting Group Ltd. has a 52-week low of $25.52 and a 52-week high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings data on Monday, March 11th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.15) by $0.38. The company had revenue of $92.97 million during the quarter, compared to analyst estimates of $88.68 million. Bowman Consulting Group had a negative net margin of 1.96% and a positive return on equity of 5.14%. Research analysts forecast that Bowman Consulting Group Ltd. will post 0.68 EPS for the current fiscal year.

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.