Conestoga Capital Advisors LLC Raises Stock Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Conestoga Capital Advisors LLC raised its position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 20.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,630 shares of the company's stock after purchasing an additional 9,760 shares during the quarter. Conestoga Capital Advisors LLC owned 0.33% of Bowman Consulting Group worth $1,236,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Grandeur Peak Global Advisors LLC grew its position in Bowman Consulting Group by 100.1% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 159,289 shares of the company's stock worth $3,974,000 after purchasing an additional 79,691 shares during the period. Dimensional Fund Advisors LP grew its stake in Bowman Consulting Group by 41.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 194,515 shares of the company's stock valued at $4,853,000 after acquiring an additional 57,278 shares during the period. Summit Creek Advisors LLC grew its position in shares of Bowman Consulting Group by 14.3% in the fourth quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company's stock valued at $9,317,000 after purchasing an additional 46,816 shares during the period. Russell Investments Group Ltd. boosted its holdings in Bowman Consulting Group by 38.3% in the 4th quarter. Russell Investments Group Ltd. now owns 117,665 shares of the company's stock worth $2,936,000 after buying an additional 32,572 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Bowman Consulting Group during the fourth quarter worth approximately $703,000. Institutional investors and hedge funds own 63.20% of the company's stock.

Wall Street Analysts Forecast Growth

BWMN has been the subject of several research reports. Robert W. Baird upped their price objective on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wall Street Zen raised Bowman Consulting Group from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. B. Riley raised shares of Bowman Consulting Group to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, Bank of America reduced their price target on shares of Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bowman Consulting Group has an average rating of "Buy" and a consensus target price of $34.17.

Bowman Consulting Group Stock Up 0.0%

Bowman Consulting Group stock traded up $0.01 during mid-day trading on Friday, reaching $26.76. 346,089 shares of the company's stock were exchanged, compared to its average volume of 94,730. The company has a market cap of $461.16 million, a P/E ratio of 205.85, a P/E/G ratio of 3.78 and a beta of 1.26. The company has a fifty day moving average of $24.59 and a 200-day moving average of $24.11. Bowman Consulting Group Ltd. has a twelve month low of $17.90 and a twelve month high of $36.65. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.15.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.21). Bowman Consulting Group had a return on equity of 2.74% and a net margin of 0.54%.

Bowman Consulting Group announced that its Board of Directors has authorized a stock repurchase program on Friday, June 6th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

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.