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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) COO Michael Bruen sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $31.56, for a total value of $157,800.00. Following the sale, the chief operating officer now directly owns 385,739 shares of the company’s stock, valued at $12,173,922.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Bruen also recently made the following trade(s):

• On Monday, May 13th, Michael Bruen sold 5,000 shares of Bowman Consulting Group stock. The shares were sold at an average price of $30.96, for a total value of $154,800.00.
• On Wednesday, April 10th, Michael Bruen sold 5,000 shares of Bowman Consulting Group stock. The shares were sold at an average price of $32.45, for a total value of $162,250.00.
• On Monday, April 1st, Michael Bruen sold 11,764 shares of Bowman Consulting Group stock. The shares were sold at an average price of $34.00, for a total value of $399,976.00.

Bowman Consulting Group Stock Up 0.8 %

Bowman Consulting Group stock opened at $31.33 on Monday. The firm has a 50 day simple moving average of $31.50 and a 200 day simple moving average of $33.21. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.16. Bowman Consulting Group Ltd. has a 1-year low of $25.52 and a 1-year high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.18. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. The firm had revenue of $94.91 million during the quarter, compared to analyst estimates of $93.51 million. On average, sell-side analysts expect that Bowman Consulting Group Ltd. will post 0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on BWMN. Robert W. Baird began coverage on Bowman Consulting Group in a research note on Monday, June 3rd. They issued an “outperform” rating and a $37.00 price objective for the company. B. Riley restated a “buy” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Bowman Consulting Group in a research note on Wednesday, March 13th. DA Davidson upped their price objective on Bowman Consulting Group from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Bank of America initiated coverage on Bowman Consulting Group in a research note on Friday, May 24th. They issued a “buy” rating and a $36.50 price objective for the company. Finally, Baird R W upgraded Bowman Consulting Group to a “strong-buy” rating in a research note on Monday, June 3rd. Six investment 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, the company presently has an average rating of “Buy” and a consensus target price of $42.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BWMN. Boston Partners boosted its position in shares of Bowman Consulting Group by 27.5% in the first quarter. Boston Partners now owns 8,695 shares of the company’s stock valued at $302,000 after acquiring an additional 1,876 shares during the period. Virtu Financial LLC bought a new position in Bowman Consulting Group in the 1st quarter valued at $226,000. Comerica Bank boosted its holdings in Bowman Consulting Group by 18.2% in the 1st quarter. Comerica Bank now owns 7,745 shares of the company’s stock valued at $269,000 after purchasing an additional 1,190 shares during the period. Kennedy Capital Management LLC increased its holdings in shares of Bowman Consulting Group by 6.3% in the first quarter. Kennedy Capital Management LLC now owns 53,282 shares of the company’s stock worth $1,854,000 after purchasing an additional 3,138 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its position in shares of Bowman Consulting Group by 28.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 188,724 shares of the company’s stock worth $6,566,000 after buying an additional 41,669 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

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.