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 company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $32.45, for a total transaction of $162,250.00. Following the completion of the sale, the chief operating officer now directly owns 409,310 shares of the company’s stock, valued at approximately $13,282,109.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, April 1st, Michael Bruen sold 11,764 shares of Bowman Consulting Group stock. The stock was sold at an average price of $34.00, for a total transaction of $399,976.00.
• On Tuesday, March 5th, Michael Bruen sold 5,000 shares of Bowman Consulting Group stock. The stock was sold at an average price of $33.52, for a total transaction of $167,600.00.
• On Wednesday, February 14th, Michael Bruen sold 5,000 shares of Bowman Consulting Group stock. The stock was sold at an average price of $35.57, for a total transaction of $177,850.00.

Bowman Consulting Group Price Performance

Shares of Bowman Consulting Group stock opened at $31.21 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $35.35 and its two-hundred day moving average price is $32.12. Bowman Consulting Group Ltd. has a 52 week low of $25.52 and a 52 week high of $42.90. The stock has a market cap of $478.73 million, a PE ratio of -60.02 and a beta of 1.19.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings data on Monday, March 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.38. The firm had revenue of $92.97 million for the quarter, compared to the consensus estimate of $88.68 million. Bowman Consulting Group had a positive return on equity of 5.14% and a negative net margin of 1.96%. As a group, sell-side analysts anticipate that Bowman Consulting Group Ltd. will post 0.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BWMN. Roth Mkm reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Bowman Consulting Group in a report on Monday, April 8th. TheStreet upgraded shares of Bowman Consulting Group from a “c” rating to a “b-” rating in a research report on Wednesday, February 14th. DA Davidson boosted their price target on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, B. Riley reiterated a “buy” rating and issued a $47.00 price target (up from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $47.00.

Institutional Trading of Bowman Consulting Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new stake in Bowman Consulting Group during the 2nd quarter worth about $26,000. UBS Group AG acquired a new stake in Bowman Consulting Group during the 4th quarter worth about $27,000. Lazard Asset Management LLC acquired a new stake in Bowman Consulting Group during the 4th quarter worth about $59,000. Barclays PLC raised its holdings in Bowman Consulting Group by 474.5% during the 4th quarter. Barclays PLC now owns 3,269 shares of the company’s stock worth $71,000 after buying an additional 2,700 shares during the period. Finally, California State Teachers Retirement System acquired a new stake in Bowman Consulting Group during the 2nd quarter worth about $107,000. 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.