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 Bowman Consulting Group stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total transaction of $41,008.20. Following the completion of the transaction, the director owned 18,143 shares of the company’s stock, valued at $604,887.62. This trade represents a 6.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bowman Consulting Group Price Performance

Shares of NASDAQ:BWMN traded down $0.61 during trading on Wednesday, reaching $32.75. The stock had a trading volume of 137,648 shares, compared to its average volume of 142,428. Bowman Consulting Group Ltd. has a 52 week low of $24.26 and a 52 week high of $45.83. The business’s 50-day moving average price is $30.51 and its 200 day moving average price is $33.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $573.39 million, a PE ratio of 54.58, a P/E/G ratio of 3.68 and a beta of 1.36.

Bowman Consulting Group (NASDAQ:BWMN) last posted 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 net margin of 2.02% and a return on equity of 3.98%. The firm had revenue of $126.48 million during the quarter, compared to the consensus estimate of $114.49 million. As a group, equities analysts predict that Bowman Consulting Group Ltd. will post 0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Bowman Consulting Group

A number of hedge funds and other institutional investors have recently modified their holdings of BWMN. Alliancebernstein L.P. increased its holdings in shares of Bowman Consulting Group by 3,560.2% in the third quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock valued at $22,233,000 after purchasing an additional 510,527 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Bowman Consulting Group in the third quarter valued at approximately $6,590,000. Tudor Investment Corp ET AL acquired a new stake in shares of Bowman Consulting Group in the third quarter valued at approximately $3,958,000. JPMorgan Chase & Co. increased its holdings in shares of Bowman Consulting Group by 998.9% in the third quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock valued at $4,249,000 after purchasing an additional 91,181 shares in the last quarter. Finally, Polar Asset Management Partners Inc. increased its holdings in shares of Bowman Consulting Group by 30.2% in the fourth quarter. Polar Asset Management Partners Inc. now owns 285,024 shares of the company’s stock valued at $9,411,000 after purchasing an additional 66,029 shares in the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

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.