Bowman Consulting Group (NASDAQ:BWMN) CEO Sells $440,625.00 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Gary Bowman sold 12,500 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $35.25, for a total transaction of $440,625.00. Following the transaction, the chief executive officer owned 892,443 shares in the company, valued at $31,458,615.75. This represents a 1.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, December 17th, Gary Bowman sold 7,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $35.25, for a total transaction of $264,375.00.
• On Wednesday, October 22nd, Gary Bowman sold 7,500 shares of Bowman Consulting Group stock. The shares were sold at an average price of $42.27, for a total value of $317,025.00.
• On Wednesday, October 22nd, Gary Bowman sold 12,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $42.27, for a total value of $528,375.00.
• On Wednesday, September 24th, Gary Bowman sold 7,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $42.39, for a total value of $317,925.00.
• On Wednesday, September 24th, Gary Bowman sold 12,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $42.39, for a total value of $529,875.00.

Bowman Consulting Group Stock Up 2.4%

Shares of Bowman Consulting Group stock traded up $0.82 during trading on Thursday, hitting $35.57. The company’s stock had a trading volume of 225,372 shares, compared to its average volume of 113,220. Bowman Consulting Group Ltd. has a 52 week low of $17.90 and a 52 week high of $45.83. The company has a market capitalization of $617.85 million, a PE ratio of 38.25, a P/E/G ratio of 2.24 and a beta of 1.32. The company has a fifty day simple moving average of $38.04 and a two-hundred day simple moving average of $36.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 1.30.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.23. Bowman Consulting Group had a return on equity of 6.30% and a net margin of 3.33%.The company had revenue of $112.09 million for the quarter, compared to the consensus estimate of $130.45 million.

Wall Street Analysts Forecast Growth

Several analysts have commented on BWMN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Monday. Roth Capital increased their price objective on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Zacks Research downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, B. Riley boosted their target price on shares of Bowman Consulting Group from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.13.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of Bowman Consulting Group during the 3rd quarter valued at approximately $40,000. Ameritas Investment Partners Inc. increased its stake in Bowman Consulting Group by 28.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company’s stock worth $41,000 after buying an additional 317 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Bowman Consulting Group in the 1st quarter worth $45,000. Tower Research Capital LLC TRC lifted its position in shares of Bowman Consulting Group by 244.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after acquiring an additional 1,633 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in shares of Bowman Consulting Group in the second quarter worth about $103,000. Institutional investors 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.