35,102 Shares of Bowman Consulting Group Ltd. $BWMN Purchased by Transmarket Holdings LP

Transmarket Holdings LP acquired a new stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) during the third quarter, HoldingsChannel.com reports. The fund acquired 35,102 shares of the company’s stock, valued at approximately $1,497,000. Bowman Consulting Group comprises about 0.8% of Transmarket Holdings LP’s investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Bowman Consulting Group in the 2nd quarter valued at approximately $31,113,000. Dimensional Fund Advisors LP boosted its position in Bowman Consulting Group by 13.1% during the first 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 period. Polar Asset Management Partners Inc. boosted its position in Bowman Consulting Group by 12.3% during the first quarter. Polar Asset Management Partners Inc. now owns 320,000 shares of the company’s stock worth $9,101,000 after purchasing an additional 34,976 shares during the period. Summit Creek Advisors LLC bought a new stake in Bowman Consulting Group during the second quarter worth approximately $6,431,000. Finally, Wellington Management Group LLP grew its holdings in Bowman Consulting Group by 215.2% during the second 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 during the last quarter. 63.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BWMN shares. Capital One Financial set a $43.00 price target on shares of Bowman Consulting Group in a research report on Tuesday, August 11th. Craig Hallum downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a report on Tuesday, August 11th. Texas Capital lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Bowman Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Robert W. Baird set a $43.00 target price on shares of Bowman Consulting Group in a report on Monday, August 10th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $43.00.

Bowman Consulting Group Stock Performance

Shares of NASDAQ BWMN opened at $42.86 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $42.63 and its two-hundred day moving average is $34.30. The company has a market cap of $711.13 million, a P/E ratio of 107.15 and a beta of 1.48. Bowman Consulting Group Ltd. has a 12 month low of $25.07 and a 12 month high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN) last issued 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. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. The company had revenue of $146.12 million during the quarter, compared to analyst estimates of $129.35 million. On average, equities analysts expect that Bowman Consulting Group Ltd. will post 0.75 EPS for the current year.

Insiders Place Their Bets

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

About Bowman Consulting Group

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.