Bowman Consulting Group (NASDAQ:BWMN) Director Raymond Jr. Vicks Sells 1,230 Shares

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

Bowman Consulting Group Trading Down 1.8%

Shares of NASDAQ BWMN opened at $32.75 on Thursday. Bowman Consulting Group Ltd. has a 12 month low of $24.26 and a 12 month high of $45.83. The company has a market cap of $573.45 million, a price-to-earnings ratio of 54.58, a P/E/G ratio of 3.61 and a beta of 1.36. 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 business has a fifty day simple moving average of $30.50 and a 200-day simple moving average of $33.68.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.07). The company had revenue of $126.48 million for the quarter, compared to analysts’ expectations of $114.49 million. Bowman Consulting Group had a net margin of 2.02% and a return on equity of 3.98%. Sell-side analysts predict that Bowman Consulting Group Ltd. will post 0.95 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. increased its position in Bowman Consulting Group by 3.8% in the 3rd quarter. Franklin Resources Inc. now owns 10,289 shares of the company’s stock worth $436,000 after purchasing an additional 377 shares during the last quarter. Deutsche Bank AG increased its position in Bowman Consulting Group by 4.9% in the 4th quarter. Deutsche Bank AG now owns 9,473 shares of the company’s stock worth $313,000 after purchasing an additional 444 shares during the last quarter. Creative Planning increased its position in Bowman Consulting Group by 5.0% in the 3rd quarter. Creative Planning now owns 13,818 shares of the company’s stock worth $585,000 after purchasing an additional 661 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Bowman Consulting Group by 5.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,880 shares of the company’s stock worth $558,000 after purchasing an additional 865 shares during the last quarter. Finally, ARS Investment Partners LLC increased its position in Bowman Consulting Group by 16.9% in the 4th quarter. ARS Investment Partners LLC now owns 6,179 shares of the company’s stock worth $204,000 after purchasing an additional 892 shares during the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWMN has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Robert W. Baird reduced their price objective 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. Wall Street Zen downgraded Bowman Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Bowman Consulting Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Roth Mkm set a $58.00 price objective on Bowman Consulting Group and gave the stock a “buy” rating in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.50.

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.