Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Gary Bowman Sells 4,002 Shares of Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Gary Bowman sold 4,002 shares of Bowman Consulting Group stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total value of $96,368.16. Following the completion of the sale, the chief executive officer now directly owns 919,500 shares in the company, valued at approximately $22,141,560. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Gary Bowman also recently made the following trade(s):

• On Tuesday, July 23rd, Gary Bowman sold 3,750 shares of Bowman Consulting Group stock. The stock was sold at an average price of $35.58, for a total value of $133,425.00.
• On Wednesday, June 26th, Gary Bowman sold 6,250 shares of Bowman Consulting Group stock. The shares were sold at an average price of $31.31, for a total value of $195,687.50.

Bowman Consulting Group Price Performance

Shares of BWMN opened at $24.15 on Friday. The company has a market cap of $426.66 million, a price-to-earnings ratio of -36.04 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. The company’s fifty day simple moving average is $27.47 and its 200 day simple moving average is $31.04. Bowman Consulting Group Ltd. has a 1-year low of $21.02 and a 1-year high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10). Bowman Consulting Group had a positive return on equity of 4.40% and a negative net margin of 2.67%. The firm had revenue of $104.50 million for the quarter, compared to analyst estimates of $113.01 million. On average, research analysts forecast that Bowman Consulting Group Ltd. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Bank of America began coverage on shares of Bowman Consulting Group in a research note on Friday, May 24th. They set a “buy” rating and a $36.50 price target for the company. Roth Mkm lowered their price target 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. Robert W. Baird cut their price target on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Baird R W upgraded Bowman Consulting Group to a “strong-buy” rating in a report on Monday, June 3rd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $40.10.

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors have recently bought and sold shares of BWMN. Point72 Asset Management L.P. acquired a new stake in shares of Bowman Consulting Group in the second quarter valued at approximately $96,000. Norden Group LLC bought a new stake in Bowman Consulting Group in the 1st quarter valued at $207,000. Virtu Financial LLC acquired a new stake in Bowman Consulting Group during the 1st quarter valued at $226,000. Comerica Bank boosted its position in Bowman Consulting Group by 18.2% during the first quarter. Comerica Bank now owns 7,745 shares of the company’s stock worth $269,000 after purchasing an additional 1,190 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Bowman Consulting Group by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock valued at $294,000 after purchasing an additional 393 shares during the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

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.