Norden Group LLC Takes Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Norden Group LLC purchased a new position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,940 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors have also bought and sold shares of BWMN. Polen Capital Management LLC purchased a new position in shares of Bowman Consulting Group during the 4th quarter valued at $2,010,000. Conestoga Capital Advisors LLC bought a new position in Bowman Consulting Group during the first quarter worth about $1,028,000. Millrace Asset Group Inc. increased its stake in shares of Bowman Consulting Group by 58.0% in the fourth quarter. Millrace Asset Group Inc. now owns 53,444 shares of the company’s stock worth $1,898,000 after purchasing an additional 19,617 shares in the last quarter. Seven Grand Managers LLC bought a new stake in shares of Bowman Consulting Group in the first quarter valued at approximately $536,000. Finally, NBC Securities Inc. purchased a new stake in shares of Bowman Consulting Group during the 4th quarter valued at approximately $214,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Price Performance

Shares of Bowman Consulting Group stock opened at $34.34 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.21 and a current ratio of 1.21. Bowman Consulting Group Ltd. has a 52-week low of $25.52 and a 52-week high of $42.90. The company has a fifty day moving average of $31.71 and a 200-day moving average of $33.04. The stock has a market capitalization of $606.79 million, a price-to-earnings ratio of -51.25 and a beta of 1.15.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.18. Bowman Consulting Group had a negative net margin of 2.43% and a positive return on equity of 5.63%. The business had revenue of $94.91 million during the quarter, compared to analyst estimates of $93.51 million. Equities research analysts expect that Bowman Consulting Group Ltd. will post 0.09 EPS for the current year.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, CFO Bruce J. Labovitz sold 10,000 shares of Bowman Consulting Group stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $30.79, for a total value of $307,900.00. Following the transaction, the chief financial officer now directly owns 283,288 shares of the company’s stock, valued at approximately $8,722,437.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Gary Bowman sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $31.72, for a total value of $118,950.00. Following the sale, the chief executive officer now directly owns 973,475 shares of the company’s stock, valued at $30,878,627. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce J. Labovitz sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $30.79, for a total value of $307,900.00. Following the transaction, the chief financial officer now directly owns 283,288 shares of the company’s stock, valued at approximately $8,722,437.52. The disclosure for this sale can be found here. Insiders sold 31,230 shares of company stock worth $973,206 in the last ninety days. 20.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

BWMN has been the topic of a number of analyst reports. Robert W. Baird began coverage on shares of Bowman Consulting Group in a report on Monday, June 3rd. They set an “outperform” rating and a $37.00 target price on the stock. Baird R W raised Bowman Consulting Group to a “strong-buy” rating in a report on Monday, June 3rd. Bank of America started coverage on Bowman Consulting Group in a report on Friday, May 24th. They set a “buy” rating and a $36.50 target price for the company. Finally, Roth Mkm lowered their price target on shares of Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $42.50.

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.