Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Sells $96,368.16 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Gary Bowman sold 4,002 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total value of $96,368.16. Following the transaction, the chief executive officer now owns 919,500 shares of the company’s stock, valued at $22,141,560. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, July 23rd, Gary Bowman sold 3,750 shares of Bowman Consulting Group stock. The shares were sold at an average price of $35.58, for a total transaction of $133,425.00.
• On Wednesday, June 26th, Gary Bowman sold 6,250 shares of Bowman Consulting Group stock. The stock was sold at an average price of $31.31, for a total transaction of $195,687.50.

Bowman Consulting Group Price Performance

Bowman Consulting Group stock opened at $24.15 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. Bowman Consulting Group Ltd. has a 52-week low of $21.02 and a 52-week high of $42.90. The firm has a market cap of $426.66 million, a PE ratio of -36.04 and a beta of 1.09. The company’s 50 day moving average is $27.26 and its two-hundred day moving average is $30.96.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10). The company had revenue of $104.50 million during the quarter, compared to analyst estimates of $113.01 million. Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. On average, research analysts expect that Bowman Consulting Group Ltd. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Roth Mkm decreased their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Robert W. Baird lowered their price target on Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Baird R W raised Bowman Consulting Group to a “strong-buy” rating in a research note on Monday, June 3rd. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $40.10.

Institutional Investors Weigh In On Bowman Consulting Group

A number of hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Bowman Consulting Group during the second quarter worth $404,000. Point72 Asset Management L.P. acquired a new position in shares of Bowman Consulting Group in the 2nd quarter valued at $96,000. Dimensional Fund Advisors LP raised its holdings in shares of Bowman Consulting Group by 46.3% in the second quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the company’s stock valued at $2,434,000 after buying an additional 24,244 shares during the last quarter. Emerald Advisers LLC purchased a new position in Bowman Consulting Group during the 2nd quarter worth $526,000. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Bowman Consulting Group by 87.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock valued at $5,958,000 after purchasing an additional 87,410 shares in the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

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.