Bowman Consulting Group Ltd. (NASDAQ:BWMN) Director Sells $10,984.00 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) Director Patricia Mulroy sold 400 shares of Bowman Consulting Group stock in a transaction on Friday, June 13th. The shares were sold at an average price of $27.46, for a total value of $10,984.00. Following the completion of the sale, the director now directly owns 23,536 shares of the company's stock, valued at approximately $646,298.56. This represents a 1.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bowman Consulting Group Stock Down 1.0%

NASDAQ BWMN traded down $0.27 during trading hours on Thursday, reaching $26.75. 77,480 shares of the company traded hands, compared to its average volume of 93,725. The stock has a market capitalization of $460.90 million, a PE ratio of 205.77, a PEG ratio of 3.82 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. Bowman Consulting Group Ltd. has a 12 month low of $17.90 and a 12 month high of $36.65. The company has a 50 day moving average of $24.50 and a two-hundred day moving average of $24.11.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates 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 of Directors has initiated a share repurchase plan on Friday, June 6th that permits the company to buyback $25.00 million in shares. This buyback authorization permits the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BWMN shares. Robert W. Baird increased their price target 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. Wall Street Zen raised shares of Bowman Consulting Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. B. Riley raised shares of Bowman Consulting Group to a "strong-buy" rating in a research report on Tuesday, March 18th. Finally, Bank of America lowered their target price on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bowman Consulting Group presently has an average rating of "Buy" and a consensus target price of $34.17.

Hedge Funds Weigh In On Bowman Consulting Group

Several hedge funds have recently modified their holdings of the company. Grandeur Peak Global Advisors LLC grew its holdings in Bowman Consulting Group by 100.1% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 159,289 shares of the company's stock worth $3,974,000 after acquiring an additional 79,691 shares during the period. Cetera Investment Advisers lifted its position in shares of Bowman Consulting Group by 527.6% in the 1st quarter. Cetera Investment Advisers now owns 82,343 shares of the company's stock valued at $1,798,000 after acquiring an additional 69,223 shares in the last quarter. Pembroke Management LTD boosted its stake in Bowman Consulting Group by 12.8% in the 1st quarter. Pembroke Management LTD now owns 520,519 shares of the company's stock worth $11,363,000 after purchasing an additional 59,197 shares during the period. Dimensional Fund Advisors LP grew its position in Bowman Consulting Group by 41.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 194,515 shares of the company's stock worth $4,853,000 after purchasing an additional 57,278 shares in the last quarter. Finally, Summit Creek Advisors LLC raised its stake in Bowman Consulting Group by 14.3% during the 4th quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company's stock valued at $9,317,000 after purchasing an additional 46,816 shares during the period. 63.20% of the stock is currently owned by institutional investors and hedge funds.

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.