Tudor Investment Corp ET AL Purchases New Position in Bowman Consulting Group Ltd. $BWMN

Key Points

• Tudor Investment Corp ET AL bought a new stake of 93,426 shares in Bowman Consulting (NASDAQ: BWMN) in Q3, valued at about $3.96 million and representing roughly 0.54% ownership.
• Analysts have a consensus "Moderate Buy" rating with an average price target of $45.50; Bowman beat EPS estimates ($0.45 vs. $0.38) but slightly missed revenue, and the stock trades near $31 with a market cap of about $532 million.
• CEO Gary Bowman sold 12,500 shares on Jan. 21 for roughly $442,125, reducing his stake by 1.4%, though insiders still hold about 17.42% of the company.

Tudor Investment Corp ET AL purchased a new stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 93,426 shares of the company's stock, valued at approximately $3,958,000. Tudor Investment Corp ET AL owned 0.54% of Bowman Consulting Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in Bowman Consulting Group by 3.8% during the third quarter. Franklin Resources Inc. now owns 10,289 shares of the company's stock worth $436,000 after buying an additional 377 shares during the period. Creative Planning lifted its holdings in Bowman Consulting Group by 5.0% during the third quarter. Creative Planning now owns 13,818 shares of the company's stock worth $585,000 after buying an additional 661 shares during the period. State of Alaska Department of Revenue purchased a new stake in Bowman Consulting Group during the third quarter worth $40,000. Rhumbline Advisers lifted its holdings in Bowman Consulting Group by 8.2% during the second quarter. Rhumbline Advisers now owns 20,369 shares of the company's stock worth $586,000 after buying an additional 1,540 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Bowman Consulting Group by 244.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company's stock worth $66,000 after buying an additional 1,633 shares during the period. Hedge funds and other institutional investors own 63.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BWMN shares. Weiss Ratings restated a "hold (c)" rating on shares of Bowman Consulting Group in a report on Friday, March 27th. Robert W. Baird reduced their price target on Bowman Consulting Group from $43.00 to $37.00 and set an "outperform" rating on the stock in a research report on Friday, March 6th. Wall Street Zen downgraded Bowman Consulting Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 7th. Zacks Research downgraded Bowman Consulting Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. began coverage on Bowman Consulting Group in a research report on Friday, January 9th. They set a "neutral" rating and a $40.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $45.50.

Insiders Place Their Bets

In related news, CEO Gary Bowman sold 12,500 shares of the company's stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $35.37, for a total value of $442,125.00. Following the completion of the transaction, the chief executive officer owned 879,943 shares of the company's stock, valued at approximately $31,123,583.91. This represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 17.42% of the company's stock.

Bowman Consulting Group Stock Performance

NASDAQ BWMN opened at $31.09 on Friday. The stock has a market capitalization of $532.39 million, a price-to-earnings ratio of 43.79, a PEG ratio of 1.81 and a beta of 1.39. Bowman Consulting Group Ltd. has a twelve month low of $20.93 and a twelve month high of $45.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $31.21 and a 200 day moving average of $35.39.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. The company had revenue of $128.96 million during the quarter, compared to analysts' expectations of $129.12 million. Bowman Consulting Group had a return on equity of 4.78% and a net margin of 2.48%.

Bowman Consulting Group Profile

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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