Bowman Consulting Group Ltd. (NASDAQ:BWMN) Insider Sells $133,500.00 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) insider Robert Alan Hickey sold 5,000 shares of the 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 transaction, the insider now owns 176,685 shares in the company, valued at $4,717,489.50. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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 value of $15,456.00.

Bowman Consulting Group Stock Up 0.0%

Shares of NASDAQ:BWMN traded up $0.01 during midday trading on Friday, reaching $26.76. The company had a trading volume of 346,089 shares, compared to its average volume of 94,780. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.15. The business's 50 day moving average price is $24.59 and its 200 day moving average price is $24.11. The stock has a market cap of $461.07 million, a PE ratio of 68.59, a P/E/G ratio of 3.78 and a beta of 1.26. 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 released 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 declared that its board has approved a share repurchase program on Friday, June 6th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Bowman Consulting Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Grandeur Peak Global Advisors LLC boosted its holdings in shares of 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 boosted its holdings in shares of Bowman Consulting Group by 527.6% during the first quarter. Cetera Investment Advisers now owns 82,343 shares of the company's stock worth $1,798,000 after acquiring an additional 69,223 shares during the period. Pembroke Management LTD boosted its holdings in shares of Bowman Consulting Group by 12.8% during the first quarter. Pembroke Management LTD now owns 520,519 shares of the company's stock worth $11,363,000 after acquiring an additional 59,197 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Bowman Consulting Group by 41.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 194,515 shares of the company's stock worth $4,853,000 after acquiring an additional 57,278 shares during the period. Finally, Summit Creek Advisors LLC boosted its holdings in shares of Bowman Consulting Group by 14.3% during the fourth quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company's stock worth $9,317,000 after acquiring an additional 46,816 shares during the period. Institutional investors own 63.20% of the company's stock.

Analysts Set New Price Targets

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

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