Russell Investments Group Ltd. Buys 11,006 Shares of Bowman Consulting Group Ltd. $BWMN

Russell Investments Group Ltd. lifted its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,671 shares of the company’s stock after acquiring an additional 11,006 shares during the period. Russell Investments Group Ltd. owned 0.75% of Bowman Consulting Group worth $2,809,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BWMN. Cetera Investment Advisers raised its position in shares of Bowman Consulting Group by 527.6% in the 1st quarter. Cetera Investment Advisers now owns 82,343 shares of the company’s stock worth $1,798,000 after acquiring an additional 69,223 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Bowman Consulting Group by 41.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 194,515 shares of the company’s stock valued at $4,853,000 after buying an additional 57,278 shares in the last quarter. Brookwood Investment Group LLC acquired a new position in Bowman Consulting Group during the 1st quarter valued at about $866,000. Summit Creek Advisors LLC increased its position in Bowman Consulting Group by 9.3% during the 1st quarter. Summit Creek Advisors LLC now owns 408,042 shares of the company’s stock valued at $8,908,000 after buying an additional 34,599 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Bowman Consulting Group during the 1st quarter valued at about $566,000. 63.20% of the stock is owned by institutional investors.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $26.70, for a total transaction of $133,500.00. Following the completion of the transaction, the insider directly owned 176,685 shares of the company’s stock, valued at approximately $4,717,489.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 6,024 shares of company stock worth $162,514. Company insiders own 17.42% of the company’s stock.

Bowman Consulting Group Stock Performance

BWMN opened at $40.75 on Monday. Bowman Consulting Group Ltd. has a 12-month low of $17.90 and a 12-month high of $41.85. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $702.94 million, a PE ratio of 67.92, a P/E/G ratio of 3.38 and a beta of 1.31. The firm has a 50 day moving average of $32.87 and a two-hundred day moving average of $26.56.

Bowman Consulting Group declared that its board has initiated a share repurchase program on Friday, June 6th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

BWMN has been the topic of several recent analyst reports. Robert W. Baird upped their target price on Bowman Consulting Group from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Zacks Research raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, B. Riley upped their target price on Bowman Consulting Group from $33.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Bowman Consulting Group currently has an average rating of “Buy” and a consensus target price of $34.17.

Bowman Consulting Group Company 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.