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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CFO Bruce J. Labovitz sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $30.79, for a total value of $307,900.00. Following the completion of the sale, the chief financial officer now directly owns 283,288 shares of the company’s stock, valued at $8,722,437.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bowman Consulting Group Stock Up 0.9 %

NASDAQ:BWMN opened at $30.37 on Friday. Bowman Consulting Group Ltd. has a 52 week low of $25.52 and a 52 week high of $42.90. The firm has a market capitalization of $468.00 million, a PE ratio of -58.40 and a beta of 1.19. The stock has a 50 day moving average of $35.01 and a 200-day moving average of $32.16. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings in Bowman Consulting Group by 4.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,032 shares of the company’s stock worth $286,000 after buying an additional 364 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Bowman Consulting Group by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 26,917 shares of the company’s stock worth $754,000 after purchasing an additional 442 shares during the period. Rhumbline Advisers lifted its position in Bowman Consulting Group by 6.8% in the third quarter. Rhumbline Advisers now owns 10,401 shares of the company’s stock worth $292,000 after purchasing an additional 659 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Bowman Consulting Group in the second quarter worth approximately $26,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Bowman Consulting Group by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,506 shares of the company’s stock worth $1,013,000 after purchasing an additional 870 shares during the period. 63.20% of the stock is owned by institutional investors.

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.