Bowman Consulting Group Ltd. $BWMN Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Bowman Consulting Group stake by 13.1% in the first quarter, adding 43,624 shares to own 377,799 shares valued at approximately $10.7 million, or 2.21% of the company.
• Institutional investors and hedge funds collectively own 63.2% of BWMN, with several firms—including Principal Financial, Conestoga Capital Advisors and Strs Ohio—also increasing their positions.
• BWMN opened at $27.23, near its one-year low, while analysts maintain a consensus “Hold” rating and an average price target of $47.50; insider ownership stands at 17.5% after a director sold shares under a pre-arranged trading plan.

Dimensional Fund Advisors LP increased its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 13.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 377,799 shares of the company's stock after purchasing an additional 43,624 shares during the period. Dimensional Fund Advisors LP owned approximately 2.21% of Bowman Consulting Group worth $10,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BWMN. Principal Financial Group Inc. grew its position in Bowman Consulting Group by 87.3% during the 1st quarter. Principal Financial Group Inc. now owns 29,005 shares of the company's stock worth $825,000 after purchasing an additional 13,523 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Bowman Consulting Group in the first quarter worth about $196,000. Strs Ohio boosted its stake in shares of Bowman Consulting Group by 7.1% in the first quarter. Strs Ohio now owns 18,100 shares of the company's stock worth $515,000 after buying an additional 1,200 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in Bowman Consulting Group by 16.1% during the first quarter. Conestoga Capital Advisors LLC now owns 66,530 shares of the company's stock worth $1,892,000 after acquiring an additional 9,235 shares during the period. Finally, North Star Investment Management Corp. purchased a new position in Bowman Consulting Group during the first quarter valued at approximately $910,000. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Bowman Consulting Group Price Performance

Shares of NASDAQ BWMN opened at $27.23 on Monday. The firm has a market cap of $476.80 million, a PE ratio of 45.38, a PEG ratio of 3.43 and a beta of 1.36. The firm has a fifty day moving average of $28.77 and a 200 day moving average of $30.78. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93. Bowman Consulting Group Ltd. has a one year low of $25.07 and a one year high of $45.83.

Insider Activity

In other news, Director Raymond Jr. Vicks sold 1,230 shares of Bowman Consulting Group stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total value of $41,008.20. Following the sale, the director owned 18,143 shares in the company, valued at $604,887.62. This trade represents a 6.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BWMN. Weiss Ratings raised shares of Bowman Consulting Group from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, July 8th. Roth Capital set a $58.00 price target on shares of Bowman Consulting Group and gave the stock a "buy" rating in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Finally, Wall Street Zen cut shares of Bowman Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $47.50.

About Bowman Consulting Group

Bowman Consulting Group Ltd. NASDAQ: BWMN is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.

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