25,929 Shares in Bowman Consulting Group Ltd. $BWMN Bought by Nuveen LLC

Nuveen LLC bought a new position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,929 shares of the company’s stock, valued at approximately $566,000. Nuveen LLC owned about 0.15% of Bowman Consulting Group at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in Bowman Consulting Group during the fourth quarter worth $42,000. GAMMA Investing LLC increased its holdings in shares of Bowman Consulting Group by 1,856.3% in the first quarter. GAMMA Investing LLC now owns 4,519 shares of the company’s stock valued at $99,000 after purchasing an additional 4,288 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of Bowman Consulting Group by 100,080.0% in the first quarter. NBC Securities Inc. now owns 5,009 shares of the company’s stock valued at $109,000 after purchasing an additional 5,004 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Bowman Consulting Group by 55.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,524 shares of the company’s stock valued at $163,000 after purchasing an additional 2,316 shares during the last quarter. Finally, Comerica Bank increased its holdings in shares of Bowman Consulting Group by 12.8% in the fourth quarter. Comerica Bank now owns 10,781 shares of the company’s stock valued at $269,000 after purchasing an additional 1,220 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Bowman Consulting Group Stock Down 1.4%

Bowman Consulting Group stock opened at $41.44 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.26. Bowman Consulting Group Ltd. has a 52-week low of $17.90 and a 52-week high of $43.21. The firm has a 50 day moving average price of $35.20 and a two-hundred day moving average price of $27.54. The firm has a market cap of $714.84 million, a price-to-earnings ratio of 69.07 and a beta of 1.33.

Bowman Consulting Group declared that its board has initiated a stock repurchase program on Friday, June 6th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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 owned 176,685 shares in the company, valued at approximately $4,717,489.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 6,024 shares of company stock worth $162,514. 17.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Robert W. Baird increased their price objective on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Zacks Research raised shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Finally, B. Riley increased their target price on shares of Bowman Consulting Group from $43.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $38.17.

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.