Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 46.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 76,581 shares of the company’s stock after purchasing an additional 24,244 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Bowman Consulting Group were worth $2,434,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BWMN. Polen Capital Management LLC purchased a new position in Bowman Consulting Group in the 4th quarter valued at approximately $2,010,000. Norden Group LLC acquired a new position in Bowman Consulting Group during the 1st quarter worth $207,000. Russell Investments Group Ltd. increased its holdings in Bowman Consulting Group by 33.8% during the 1st quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company’s stock worth $2,308,000 after purchasing an additional 16,761 shares during the period. Vanguard Group Inc. raised its position in Bowman Consulting Group by 28.0% in the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock valued at $23,056,000 after purchasing an additional 144,978 shares in the last quarter. Finally, Summit Creek Advisors LLC boosted its stake in shares of Bowman Consulting Group by 19.0% in the 1st quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company’s stock valued at $10,446,000 after buying an additional 47,844 shares during the period. Institutional investors and hedge funds own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

Shares of Bowman Consulting Group stock opened at $22.03 on Friday. The firm has a market capitalization of $389.20 million, a P/E ratio of -32.88 and a beta of 1.09. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. Bowman Consulting Group Ltd. has a 52 week low of $21.02 and a 52 week high of $42.90. The firm’s 50 day moving average is $23.81 and its two-hundred day moving average is $29.41.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The company had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $113.01 million. Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. Research analysts forecast that Bowman Consulting Group Ltd. will post -0.36 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gary Bowman sold 4,002 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total value of $96,368.16. Following the completion of the sale, the chief executive officer now directly owns 919,500 shares of the company’s stock, valued at approximately $22,141,560. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Gary Bowman sold 4,002 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total transaction of $96,368.16. Following the transaction, the chief executive officer now owns 919,500 shares of the company’s stock, valued at $22,141,560. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $23.07, for a total value of $57,675.00. Following the completion of the transaction, the insider now directly owns 198,332 shares in the company, valued at approximately $4,575,519.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,652 shares of company stock worth $650,564 in the last quarter. 20.40% of the stock is owned by insiders.

Analysts Set New Price Targets

BWMN has been the topic of a number of recent research reports. Robert W. Baird cut their target price on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Roth Mkm dropped their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Bowman Consulting Group has a consensus rating of “Buy” and an average target price of $40.10.

Bowman Consulting Group Profile

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.