Patricia Mulroy Sells 400 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) Director Patricia Mulroy sold 400 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $27.46, for a total transaction of $10,984.00. Following the sale, the director now directly owns 23,536 shares of the company’s stock, valued at approximately $646,298.56. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Bowman Consulting Group Trading Down 1.2%

NASDAQ BWMN opened at $27.02 on Wednesday. Bowman Consulting Group Ltd. has a 52 week low of $17.90 and a 52 week high of $36.65. The stock has a market cap of $465.55 million, a P/E ratio of 207.85, a PEG ratio of 3.87 and a beta of 1.26. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $24.41 and its 200-day simple moving average is $24.09.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.21). Bowman Consulting Group had a net margin of 0.54% and a return on equity of 2.74%.

Bowman Consulting Group announced that its Board of Directors has initiated a share repurchase plan on Friday, June 6th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Bowman Consulting Group

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in Bowman Consulting Group by 1.9% in the fourth quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company’s stock valued at $799,000 after buying an additional 586 shares during the last quarter. Comerica Bank grew its position in shares of Bowman Consulting Group by 7.0% in the 1st quarter. Comerica Bank now owns 11,532 shares of the company’s stock worth $252,000 after acquiring an additional 751 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Bowman Consulting Group by 4.7% in the 1st quarter. Rhumbline Advisers now owns 18,829 shares of the company’s stock valued at $411,000 after acquiring an additional 845 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bowman Consulting Group by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,039 shares of the company’s stock valued at $999,000 after acquiring an additional 1,331 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Bowman Consulting Group during the 4th quarter valued at approximately $42,000. Institutional investors own 63.20% of the company’s stock.

Wall Street Analysts Forecast Growth

BWMN has been the subject of several research reports. Robert W. Baird boosted their price objective on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Bank of America lowered their price target on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a report on Wednesday, March 12th. B. Riley upgraded Bowman Consulting Group to a “strong-buy” rating in a research note on Tuesday, March 18th. Finally, Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Bowman Consulting Group currently has a consensus rating of “Buy” and an average price target of $34.17.

Bowman Consulting Group Company Profile

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.