Bruce J. Labovitz Sells 10,000 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) Stock

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

Bowman Consulting Group Stock Down 0.4 %

Bowman Consulting Group stock opened at $30.25 on Friday. Bowman Consulting Group Ltd. has a fifty-two week low of $25.52 and a fifty-two week high of $42.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a 50 day moving average price of $34.89 and a 200 day moving average price of $32.23. The company has a market capitalization of $466.15 million, a PE ratio of -58.17 and a beta of 1.19.

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

Institutional Investors Weigh In On Bowman Consulting Group

Several institutional investors have recently modified their holdings of the company. Norden Group LLC purchased a new stake in shares of Bowman Consulting Group during the 1st quarter worth $207,000. Vanguard Group Inc. lifted its position in Bowman Consulting Group by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 517,755 shares of the company’s stock valued at $18,391,000 after acquiring an additional 27,301 shares during the last quarter. Polen Capital Management LLC purchased a new stake in Bowman Consulting Group in the fourth quarter valued at $2,010,000. Price T Rowe Associates Inc. MD lifted its position in Bowman Consulting Group by 4.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,032 shares of the company’s stock valued at $286,000 after acquiring an additional 364 shares during the last quarter. Finally, Barclays PLC lifted its position in Bowman Consulting Group by 283.2% in the fourth quarter. Barclays PLC now owns 18,719 shares of the company’s stock valued at $665,000 after acquiring an additional 13,834 shares during the last quarter. 63.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.