Bowman Consulting Group Ltd. $BWMN Stock Sold by North Star Investment Management Corp.

North Star Investment Management Corp. cut its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 46.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the company’s stock after selling 15,000 shares during the period. North Star Investment Management Corp.’s holdings in Bowman Consulting Group were worth $725,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Bowman Consulting Group in the second quarter worth about $31,113,000. Polar Asset Management Partners Inc. acquired a new stake in Bowman Consulting Group during the 2nd quarter valued at approximately $7,210,000. Summit Creek Advisors LLC acquired a new stake in Bowman Consulting Group during the 2nd quarter valued at approximately $6,431,000. Wellington Management Group LLP grew its stake in Bowman Consulting Group by 215.2% during the 2nd quarter. Wellington Management Group LLP now owns 184,736 shares of the company’s stock valued at $5,394,000 after purchasing an additional 126,136 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Bowman Consulting Group by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after purchasing an additional 43,624 shares during the last quarter. 63.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BWMN shares. JPMorgan Chase & Co. lowered Bowman Consulting Group from a “neutral” rating to an “underweight” rating and upped their target price for the company from $40.00 to $43.00 in a research report on Friday, August 21st. Craig Hallum downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research report on Tuesday, August 11th. Roth Capital downgraded shares of Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research report on Wednesday, August 12th. Robert W. Baird set a $43.00 price target on shares of Bowman Consulting Group in a research note on Monday, August 10th. Finally, Weiss Ratings raised shares of Bowman Consulting Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 25th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $43.00.

Bowman Consulting Group Stock Performance

Shares of BWMN stock opened at $42.86 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. Bowman Consulting Group Ltd. has a one year low of $25.07 and a one year high of $45.00. The company’s 50-day simple moving average is $42.64 and its 200-day simple moving average is $34.34. The stock has a market capitalization of $711.05 million, a price-to-earnings ratio of 107.15 and a beta of 1.48.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.15. The business had revenue of $146.12 million during the quarter, compared to the consensus estimate of $129.35 million. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. Equities analysts anticipate that Bowman Consulting Group Ltd. will post 0.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bowman Consulting Group news, Director Patricia Mulroy sold 883 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $42.37, for a total transaction of $37,412.71. Following the transaction, the director owned 26,330 shares of the company’s stock, valued at $1,115,602.10. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Bowman sold 37,500 shares of Bowman Consulting Group stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $42.55, for a total value of $1,595,625.00. Following the completion of the transaction, the chief executive officer owned 780,948 shares of the company’s stock, valued at approximately $33,229,337.40. The trade was a 4.58% 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. In the last ninety days, insiders have sold 61,797 shares of company stock worth $2,615,310. 17.50% of the stock is currently owned by company insiders.

Bowman Consulting Group Profile

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is an engineering services firm that provides infrastructure, planning, surveying, and consulting solutions to public- and private-sector clients. The company supports projects throughout their development and construction life cycles, serving markets such as transportation, power and utilities, commercial and residential real estate, and public infrastructure.

Its services include civil engineering, land surveying, geomatics, environmental consulting, landscape architecture, construction management, right-of-way services, and utility engineering.