Insider Selling: Bowman Consulting Group Ltd. (NASDAQ:BWMN) Insider Sells 5,000 Shares of Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) insider Robert Alan Hickey sold 5,000 shares of Bowman Consulting Group stock in a transaction 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 owns 176,685 shares in the company, valued at $4,717,489.50. This represents a 2.75% decrease in their position. The transaction was disclosed in a document filed 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 transaction of $15,456.00.

Bowman Consulting Group Stock Up 4.4%

Shares of NASDAQ BWMN traded up $1.19 during midday trading on Monday, hitting $27.95. The company's stock had a trading volume of 143,731 shares, compared to its average volume of 94,170. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $481.58 million, a price-to-earnings ratio of 215.00, a price-to-earnings-growth ratio of 3.79 and a beta of 1.26. The business's fifty day simple moving average is $24.68 and its two-hundred day simple moving average is $24.05. Bowman Consulting Group Ltd. has a 1 year low of $17.90 and a 1 year high of $36.65.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued its quarterly earnings results 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 net margin of 0.54% and a return on equity of 2.74%.

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

Institutional Investors Weigh In On Bowman Consulting Group

Several large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of Bowman Consulting Group by 1.9% in the 4th 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 period. Comerica Bank raised its holdings in Bowman Consulting Group by 7.0% in the first quarter. Comerica Bank now owns 11,532 shares of the company's stock valued at $252,000 after acquiring an additional 751 shares in the last quarter. Rhumbline Advisers lifted its stake in Bowman Consulting Group by 4.7% in the first quarter. Rhumbline Advisers now owns 18,829 shares of the company's stock worth $411,000 after acquiring an additional 845 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 worth $999,000 after acquiring an additional 1,331 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Bowman Consulting Group in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 63.20% of the company's stock.

Wall Street Analysts Forecast Growth

BWMN has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. B. Riley raised Bowman Consulting Group to a "strong-buy" rating in a research report on Tuesday, March 18th. 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 research report on Wednesday, March 12th. Finally, Wall Street Zen raised Bowman Consulting Group from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bowman Consulting Group has an average 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.