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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) Director Raymond Jr. Vicks sold 1,230 shares of the 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 owned 18,143 shares in the company, valued at $604,887.62. The trade was a 6.35% decrease in their position. The transaction was disclosed in a document filed 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 Stock Performance

NASDAQ:BWMN opened at $32.88 on Friday. The stock’s fifty day moving average is $30.51 and its 200 day moving average is $33.60. Bowman Consulting Group Ltd. has a fifty-two week low of $24.26 and a fifty-two week high of $45.83. The firm has a market capitalization of $575.73 million, a PE ratio of 54.80, a PEG ratio of 3.54 and a beta of 1.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $126.48 million for the quarter, compared to analysts’ expectations of $114.49 million. On average, sell-side analysts anticipate that Bowman Consulting Group Ltd. will post 0.95 earnings per share for the current year.

Institutional Trading of Bowman Consulting Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its stake in Bowman Consulting Group by 77.5% in the first quarter. Renaissance Technologies LLC now owns 99,379 shares of the company’s stock worth $2,826,000 after purchasing an additional 43,379 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Bowman Consulting Group by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after buying an additional 43,624 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Bowman Consulting Group by 87.3% during the 1st quarter. Principal Financial Group Inc. now owns 29,005 shares of the company’s stock worth $825,000 after buying an additional 13,523 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Bowman Consulting Group during the 1st quarter worth $196,000. Finally, Strs Ohio grew its position in shares of Bowman Consulting Group by 7.1% during the 1st quarter. Strs Ohio now owns 18,100 shares of the company’s stock worth $515,000 after buying an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Wall Street Analysts Forecast Growth

BWMN has been the topic of several recent research reports. Wall Street Zen lowered Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings lowered Bowman Consulting Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. increased their target price 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 target price on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, March 6th. Finally, Zacks Research lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Three equities research 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, the stock currently has a consensus 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.