Insider Selling: Bowman Consulting Group (NASDAQ:BWMN) Director Sells $37,412.71 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) Director Patricia Mulroy sold 883 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $42.37, for a total transaction of $37,412.71. Following the completion of the sale, the director owned 26,330 shares in the company, valued at approximately $1,115,602.10. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bowman Consulting Group Trading Up 0.2%

Shares of Bowman Consulting Group stock opened at $42.30 on Friday. The firm’s 50 day moving average is $29.77 and its 200 day moving average is $31.04. The firm has a market capitalization of $733.48 million, a PE ratio of 105.75, a price-to-earnings-growth ratio of 5.31 and a beta of 1.36. Bowman Consulting Group Ltd. has a 1 year low of $25.07 and a 1 year high of $45.83. The company has a current ratio of 0.90, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.47 by $0.15. Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. The business had revenue of $146.13 million during the quarter, compared to the consensus estimate of $129.35 million. Equities research analysts forecast that Bowman Consulting Group Ltd. will post 0.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BWMN shares. Robert W. Baird set a $43.00 price target on Bowman Consulting Group in a research note on Monday. Wolfe Research set a $43.00 price objective on Bowman Consulting Group in a research report on Tuesday. Craig Hallum cut Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a report on Tuesday. Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings raised Bowman Consulting Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $44.29.

Hedge Funds Weigh In On Bowman Consulting Group

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in shares of Bowman Consulting Group by 77.5% during 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. Summit Creek Advisors LLC increased its holdings in Bowman Consulting Group by 10.1% in the fourth quarter. Summit Creek Advisors LLC now owns 399,094 shares of the company’s stock valued at $13,178,000 after purchasing an additional 36,645 shares during the period. Royce & Associates LP acquired a new stake in Bowman Consulting Group in the fourth quarter valued at $2,141,000. Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 43,624 shares during the last quarter. Finally, Polar Asset Management Partners Inc. raised its position in Bowman Consulting Group by 12.3% during the 1st quarter. Polar Asset Management Partners Inc. now owns 320,000 shares of the company’s stock worth $9,101,000 after purchasing an additional 34,976 shares during the last quarter. Institutional investors 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.