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 Bowman Consulting Group stock in a transaction dated Tuesday, May 12th. The stock was 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 in the company, valued at approximately $604,887.62. This trade represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bowman Consulting Group Stock Performance

BWMN stock traded down $0.61 during trading on Wednesday, reaching $32.75. 137,648 shares of the stock were exchanged, compared to its average volume of 142,428. Bowman Consulting Group Ltd. has a twelve month low of $24.26 and a twelve month high of $45.83. The company has a market capitalization of $573.39 million, a P/E ratio of 54.58, a price-to-earnings-growth ratio of 3.68 and a beta of 1.36. The stock has a 50 day simple moving average of $30.51 and a 200-day simple moving average of $33.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%.The firm had revenue of $126.48 million for the quarter, compared to analyst estimates of $114.49 million. As a group, sell-side analysts anticipate that Bowman Consulting Group Ltd. will post 0.95 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new position in Bowman Consulting Group during the third quarter worth about $40,000. New York State Teachers Retirement System bought a new position in Bowman Consulting Group during the fourth quarter worth about $42,000. Tower Research Capital LLC TRC lifted its stake in Bowman Consulting Group by 244.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $66,000 after purchasing an additional 1,633 shares during the period. Quantbot Technologies LP bought a new position in Bowman Consulting Group during the third quarter worth about $175,000. Finally, Strs Ohio bought a new position in Bowman Consulting Group during the third quarter worth about $182,000. Institutional investors own 63.20% of the company’s stock.

Analyst Upgrades and Downgrades

BWMN has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wall Street Zen downgraded Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Robert W. Baird cut 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 research note on Friday, March 6th. Finally, Roth Mkm set a $58.00 price target on shares of 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 issued a Sell rating to the stock. Based on data from MarketBeat, Bowman Consulting Group presently has a consensus rating of “Hold” and an average 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.