Bowman Consulting Group Ltd. (NASDAQ:BWMN) Director Sells $16,828.00 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) Director Patricia Mulroy sold 700 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $24.04, for a total transaction of $16,828.00. Following the transaction, the director now directly owns 18,411 shares of the company’s stock, valued at approximately $442,600.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Patricia Mulroy also recently made the following trade(s):

• On Monday, August 19th, Patricia Mulroy sold 700 shares of Bowman Consulting Group stock. The stock was sold at an average price of $23.24, for a total value of $16,268.00.

Bowman Consulting Group Price Performance

Shares of NASDAQ:BWMN opened at $23.47 on Friday. The firm has a market capitalization of $414.64 million, a PE ratio of -35.03 and a beta of 1.09. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18. Bowman Consulting Group Ltd. has a 1-year low of $21.02 and a 1-year high of $42.90. The business’s 50 day moving average is $26.35 and its 200-day moving average is $30.68.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10). Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. The business had revenue of $104.50 million during the quarter, compared to the consensus estimate of $113.01 million. Sell-side analysts predict that Bowman Consulting Group Ltd. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Bowman Consulting Group by 28.0% in the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock valued at $23,056,000 after purchasing an additional 144,978 shares during the period. Pembroke Management LTD grew its position in Bowman Consulting Group by 19.8% in the second quarter. Pembroke Management LTD now owns 647,031 shares of the company’s stock valued at $20,569,000 after acquiring an additional 106,926 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in Bowman Consulting Group by 87.4% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock worth $5,958,000 after acquiring an additional 87,410 shares in the last quarter. Polen Capital Management LLC bought a new position in shares of Bowman Consulting Group during the fourth quarter valued at $2,010,000. Finally, Ovata Capital Management Ltd boosted its stake in shares of Bowman Consulting Group by 189.9% in the 2nd quarter. Ovata Capital Management Ltd now owns 74,800 shares of the company’s stock valued at $2,378,000 after purchasing an additional 49,000 shares in the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BWMN shares. Baird R W raised Bowman Consulting Group to a “strong-buy” rating in a report on Monday, June 3rd. Roth Mkm lowered their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Robert W. Baird cut their target price on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Bowman Consulting Group presently has a consensus rating of “Buy” and a consensus target price of $40.10.

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.