Tudor Investment Corp ET AL Takes $3.96 Million Position in Bowman Consulting Group Ltd. $BWMN

Tudor Investment Corp ET AL bought a new stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 93,426 shares of the company’s stock, valued at approximately $3,958,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of Bowman Consulting Group by 478,000.0% in the 3rd quarter. NewEdge Advisors LLC now owns 4,781 shares of the company’s stock valued at $203,000 after acquiring an additional 4,780 shares during the period. Caxton Associates LLP bought a new stake in Bowman Consulting Group in the third quarter valued at approximately $288,000. Verition Fund Management LLC bought a new stake in Bowman Consulting Group in the third quarter valued at approximately $662,000. Brevan Howard Capital Management LP raised its holdings in Bowman Consulting Group by 46.8% in the third quarter. Brevan Howard Capital Management LP now owns 11,073 shares of the company’s stock worth $469,000 after purchasing an additional 3,532 shares during the period. Finally, Bank of America Corp DE raised its holdings in Bowman Consulting Group by 51.8% in the third quarter. Bank of America Corp DE now owns 35,212 shares of the company’s stock worth $1,492,000 after purchasing an additional 12,012 shares during the period. Institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Trading Up 1.3%

Bowman Consulting Group stock opened at $29.68 on Thursday. The company has a market cap of $508.12 million, a price-to-earnings ratio of 41.80, a P/E/G ratio of 1.79 and a beta of 1.34. The firm has a 50-day moving average of $32.57 and a 200-day moving average of $36.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.99 and a quick ratio of 0.99. Bowman Consulting Group Ltd. has a one year low of $20.24 and a one year high of $45.83.

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

Insider Buying and Selling at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 12,500 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total value of $442,125.00. Following the transaction, the chief executive officer directly owned 879,943 shares of the company’s stock, valued at $31,123,583.91. This represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.42% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on BWMN. Wall Street Zen lowered Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Monday, December 29th. Roth Mkm lifted their price objective on Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Robert W. Baird decreased their price objective on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.50.

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.