Goldman Sachs Group Inc. Buys 2,203 Shares of Bowman Consulting Group Ltd. $BWMN

Goldman Sachs Group Inc. lifted its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,176 shares of the company’s stock after purchasing an additional 2,203 shares during the period. Goldman Sachs Group Inc. owned about 0.29% of Bowman Consulting Group worth $1,095,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in Bowman Consulting Group during the 4th quarter valued at $42,000. Brooklyn Investment Group acquired a new stake in Bowman Consulting Group during the 1st quarter valued at approximately $45,000. GAMMA Investing LLC lifted its stake in Bowman Consulting Group by 1,856.3% during the 1st quarter. GAMMA Investing LLC now owns 4,519 shares of the company’s stock valued at $99,000 after acquiring an additional 4,288 shares during the period. NBC Securities Inc. lifted its holdings in shares of Bowman Consulting Group by 100,080.0% in the 1st quarter. NBC Securities Inc. now owns 5,009 shares of the company’s stock valued at $109,000 after buying an additional 5,004 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Bowman Consulting Group by 7.0% in the 1st quarter. Comerica Bank now owns 11,532 shares of the company’s stock valued at $252,000 after buying an additional 751 shares during the period. 63.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BWMN shares. B. Riley upped their price target on Bowman Consulting Group from $43.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Zacks Research upgraded shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Finally, Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $38.17.

Bowman Consulting Group Stock Performance

Shares of BWMN opened at $42.91 on Monday. Bowman Consulting Group Ltd. has a 12-month low of $17.90 and a 12-month high of $43.59. The stock has a market cap of $740.20 million, a P/E ratio of 71.52 and a beta of 1.33. The company has a 50-day moving average of $38.10 and a two-hundred day moving average of $29.40. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14.

Bowman Consulting Group declared that its Board of Directors has authorized a stock buyback program on Friday, June 6th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Bowman Consulting Group

In other news, COO Daniel Swayze sold 1,350 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $41.33, for a total value of $55,795.50. Following the completion of the sale, the chief operating officer owned 10,954 shares of the company’s stock, valued at $452,728.82. This represents a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen A. Riddick sold 3,000 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $41.04, for a total transaction of $123,120.00. Following the sale, the director directly owned 18,461 shares of the company’s stock, valued at approximately $757,639.44. The trade was a 13.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,750 shares of company stock valued at $190,540 over the last quarter. Insiders own 17.42% of the company’s stock.

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.