Robert Alan Hickey Sells 5,000 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) insider Robert Alan Hickey sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $26.70, for a total value of $133,500.00. Following the completion of the sale, the insider now directly owns 176,685 shares of the company’s stock, valued at $4,717,489.50. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Robert Alan Hickey also recently made the following trade(s):

• On Wednesday, April 23rd, Robert Alan Hickey sold 700 shares of Bowman Consulting Group stock. The shares were sold at an average price of $22.08, for a total value of $15,456.00.

Bowman Consulting Group Trading Up 0.0%

Shares of NASDAQ BWMN opened at $26.76 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50 day moving average price is $24.68 and its 200-day moving average price is $24.08. Bowman Consulting Group Ltd. has a fifty-two week low of $17.90 and a fifty-two week high of $36.65. The company has a market cap of $461.07 million, a price-to-earnings ratio of 205.85, a PEG ratio of 3.79 and a beta of 1.26.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.21). Bowman Consulting Group had a return on equity of 2.74% and a net margin of 0.54%.

Bowman Consulting Group declared that its board has approved a stock repurchase program on Friday, June 6th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. B. Riley upgraded Bowman Consulting Group to a “strong-buy” rating in a report on Tuesday, March 18th. Robert W. Baird increased their price target on Bowman Consulting Group from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Finally, Bank of America reduced their price target on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bowman Consulting Group presently has a consensus rating of “Buy” and an average price target of $34.17.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Bowman Consulting Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 800,748 shares of the company’s stock worth $19,979,000 after purchasing an additional 13,198 shares during the period. Bank of America Corp DE increased its holdings in Bowman Consulting Group by 97.7% during the 4th quarter. Bank of America Corp DE now owns 18,834 shares of the company’s stock worth $470,000 after purchasing an additional 9,307 shares during the period. Bank of New York Mellon Corp increased its holdings in Bowman Consulting Group by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company’s stock worth $799,000 after purchasing an additional 586 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Bowman Consulting Group by 51.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,303 shares of the company’s stock worth $357,000 after purchasing an additional 4,844 shares during the period. Finally, Deutsche Bank AG boosted its position in Bowman Consulting Group by 74.4% during the 4th quarter. Deutsche Bank AG now owns 13,031 shares of the company’s stock valued at $325,000 after acquiring an additional 5,560 shares in the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

About Bowman Consulting Group

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.