Bowman Consulting Group (NASDAQ:BWMN) CEO Gary Bowman Sells 12,500 Shares

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Gary Bowman sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $30.71, for a total value of $383,875.00. Following the completion of the sale, the chief executive officer owned 906,575 shares in the company, valued at $27,840,918.25. The trade was a 1.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 22nd, Gary Bowman sold 7,500 shares of Bowman Consulting Group stock. The shares were sold at an average price of $30.71, for a total value of $230,325.00.

Bowman Consulting Group Stock Up 1.3%

NASDAQ BWMN traded up $0.41 during trading on Friday, hitting $31.86. The stock had a trading volume of 60,609 shares, compared to its average volume of 144,287. The company has a market capitalization of $545.44 million, a PE ratio of 44.87, a P/E/G ratio of 1.82 and a beta of 1.39. The company’s 50-day moving average price is $30.55 and its two-hundred day moving average price is $34.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. Bowman Consulting Group Ltd. has a 12 month low of $21.70 and a 12 month high of $45.83.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Wednesday, March 4th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The firm had revenue of $128.96 million for the quarter, compared to analysts’ expectations of $129.12 million. Bowman Consulting Group had a return on equity of 4.78% and a net margin of 2.48%. As a group, sell-side analysts forecast that Bowman Consulting Group Ltd. will post 0.95 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Zacks Research cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Wall Street Zen cut Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Robert W. Baird cut their target price on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. initiated coverage on Bowman Consulting Group in a research note on Friday, January 9th. They issued a “neutral” rating and a $40.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in shares of Bowman Consulting Group during the 3rd quarter worth approximately $40,000. New York State Teachers Retirement System acquired a new position in shares of Bowman Consulting Group during the 4th quarter worth approximately $42,000. Tower Research Capital LLC TRC increased its position in shares of Bowman Consulting Group by 244.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $66,000 after purchasing an additional 1,633 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Bowman Consulting Group during the 3rd quarter worth approximately $175,000. Finally, Strs Ohio acquired a new position in shares of Bowman Consulting Group during the 3rd quarter worth approximately $182,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

About Bowman Consulting Group

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.