Bowman Consulting Group (NASDAQ:BWMN) Director Sells $41,008.20 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) Director Raymond Jr. Vicks sold 1,230 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $33.34, for a total value of $41,008.20. Following the completion of the transaction, the director directly owned 18,143 shares of the company’s stock, valued at approximately $604,887.62. The trade was a 6.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bowman Consulting Group Price Performance

Shares of BWMN opened at $31.16 on Friday. Bowman Consulting Group Ltd. has a 12-month low of $24.70 and a 12-month high of $45.83. The business has a 50-day simple moving average of $30.47 and a two-hundred day simple moving average of $33.58. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The stock has a market cap of $545.55 million, a PE ratio of 51.93, a PEG ratio of 4.37 and a beta of 1.36.

Bowman Consulting Group (NASDAQ:BWMN) last issued its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%.The firm had revenue of $126.48 million during the quarter, compared to analyst estimates of $114.49 million. Analysts anticipate that Bowman Consulting Group Ltd. will post 0.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BWMN has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Robert W. Baird decreased their price target on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Weiss Ratings cut Bowman Consulting Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Zacks Research cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Roth Mkm set a $58.00 price target on Bowman Consulting Group and gave the company a “buy” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bowman Consulting Group currently has an average rating of “Hold” and an average target price of $47.50.

Institutional Investors Weigh In On Bowman Consulting Group

Large investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL acquired a new stake in Bowman Consulting Group during the third quarter worth approximately $3,958,000. JPMorgan Chase & Co. grew its stake in Bowman Consulting Group by 998.9% during the third quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock worth $4,249,000 after purchasing an additional 91,181 shares during the period. Federated Hermes Inc. acquired a new stake in Bowman Consulting Group during the third quarter worth approximately $1,097,000. Dimensional Fund Advisors LP boosted its holdings in Bowman Consulting Group by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after acquiring an additional 43,624 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in Bowman Consulting Group in the first quarter worth approximately $196,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

Bowman Consulting Group Company 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.