Bowman Consulting Group Ltd. (NASDAQ:BWMN) CFO Sells $307,900.00 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CFO Bruce J. Labovitz sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $30.79, for a total value of $307,900.00. Following the sale, the chief financial officer now owns 283,288 shares of the company’s stock, valued at $8,722,437.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Bowman Consulting Group Stock Down 0.4 %

Shares of Bowman Consulting Group stock opened at $30.25 on Friday. The firm has a market cap of $466.15 million, a price-to-earnings ratio of -58.17 and a beta of 1.19. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.22 and a quick ratio of 1.22. Bowman Consulting Group Ltd. has a 52-week low of $25.52 and a 52-week high of $42.90. The stock has a 50-day simple moving average of $34.89 and a 200-day simple moving average of $32.19.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.38. The business had revenue of $92.97 million during the quarter, compared to analyst estimates of $88.68 million. Bowman Consulting Group had a positive return on equity of 5.14% and a negative net margin of 1.96%. On average, equities research analysts expect that Bowman Consulting Group Ltd. will post 0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in shares of Bowman Consulting Group in the 2nd quarter valued at approximately $26,000. UBS Group AG bought a new position in shares of Bowman Consulting Group in the 4th quarter valued at approximately $27,000. Lazard Asset Management LLC bought a new position in shares of Bowman Consulting Group in the 4th quarter valued at approximately $59,000. Barclays PLC raised its stake in shares of Bowman Consulting Group by 474.5% in the 4th quarter. Barclays PLC now owns 3,269 shares of the company’s stock valued at $71,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Bowman Consulting Group by 333.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,347 shares of the company’s stock valued at $107,000 after acquiring an additional 2,574 shares in the last quarter. 63.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BWMN. B. Riley restated a “buy” rating and set a $47.00 price objective (up from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. DA Davidson raised their price objective on Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. TheStreet upgraded Bowman Consulting Group from a “c” rating to a “b-” rating in a report on Wednesday, February 14th. Finally, Roth Mkm reiterated a “buy” rating and set a $49.00 price target on shares of Bowman Consulting Group in a report on Monday, April 8th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $47.00.

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.