Bowman Consulting Group, Ltd. (BWMN) Surged on Broad-Based Growth Drivers

Conestoga Capital Advisors, an asset management company, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets continued their momentum that began in early April, reaching new all-time highs in the third quarter. The Conestoga Micro-Cap Composite returned 11.7% net-of-fees in the third quarter, compared to the Russell Microcap Growth Index’s return of 19.9%. Please check the top 5 holdings of the fund for a better understanding of their best picks for 2025.

In its third-quarter 2025 investor letter, Conestoga Capital Advisors highlighted stocks such as Bowman Consulting Group Ltd. (NASDAQ:BWMN). Bowman Consulting Group Ltd. (NASDAQ:BWMN) offers real estate, energy, infrastructure, and environmental management solutions. The one-month return of Bowman Consulting Group Ltd. (NASDAQ:BWMN) was -1.89%, and its shares gained 101.69% of their value over the last 52 weeks. On October 17, 2025, Bowman Consulting Group Ltd. (NASDAQ:BWMN) stock closed at $41.73 per share, with a market capitalization of $719.873 million.

Conestoga Capital Advisors stated the following regarding Bowman Consulting Group Ltd. (NASDAQ:BWMN) in its third quarter 2025 investor letter:

"Bowman Consulting Group Ltd. (NASDAQ:BWMN) provides professional services including civil engineering, planning and surveying for public infrastructure, transportation, utilities, and private real estate markets. Infrastructure spending tailwinds fueled growth across engineering and consulting projects, boosting the stock. Strategic acquisitions expanded geographic reach and diversified service offerings, supporting strong backlog growth. Margin expansion from scale efficiencies and disciplined cost management improved profitability, while steady cash generation reduced balance sheet concerns. Investor sentiment improved with visibility into long-term infrastructure demand."

Bowman Consulting Group Ltd. (NASDAQ:BWMN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 8 hedge fund portfolios held Bowman Consulting Group Ltd. (NASDAQ:BWMN) at the end of the second quarter, up from 6 at the end of the previous quarter.  While we acknowledge the potential of Bowman Consulting Group Ltd. (NASDAQ:BWMN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.