Patricia Mulroy Sells 883 Shares of Bowman Consulting Group (NASDAQ:BWMN) Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) Director Patricia Mulroy sold 883 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $42.37, for a total value of $37,412.71. Following the completion of the sale, the director directly owned 26,330 shares in the company, valued at $1,115,602.10. This represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bowman Consulting Group Trading Down 0.0%

Shares of BWMN stock opened at $42.20 on Friday. The stock has a 50-day simple moving average of $29.58 and a 200 day simple moving average of $30.96. The stock has a market capitalization of $731.75 million, a P/E ratio of 105.50, a P/E/G ratio of 5.31 and a beta of 1.36. Bowman Consulting Group Ltd. has a fifty-two week low of $25.07 and a fifty-two week high of $45.83. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.62 EPS for the quarter, topping 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 firm had revenue of $146.13 million for the quarter, compared to analysts’ expectations of $129.35 million. On average, sell-side analysts expect that Bowman Consulting Group Ltd. will post 0.82 earnings per share for the current fiscal year.

Institutional Trading of Bowman Consulting Group

A number of hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in shares of Bowman Consulting Group in the fourth quarter worth about $42,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 valued at $66,000 after acquiring an additional 1,633 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Bowman Consulting Group by 169.6% in the 4th quarter. State of Alaska Department of Revenue now owns 2,599 shares of the company’s stock valued at $84,000 after acquiring an additional 1,635 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of Bowman Consulting Group in the 2nd quarter valued at approximately $121,000. Finally, Fifth Third Bancorp acquired a new position in Bowman Consulting Group in the 1st quarter worth approximately $196,000. 63.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on BWMN. Capital One Financial set a $43.00 target price on shares of Bowman Consulting Group in a report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. B. Riley Financial lowered shares of Bowman Consulting Group from a “buy” rating to a “neutral” rating in a research report on Monday. Texas Capital cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Robert W. Baird set a $43.00 price objective on Bowman Consulting Group in a research report on Monday. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $44.29.

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.