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 on Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total value of $442,125.00. Following the transaction, the chief executive officer owned 879,943 shares of the company’s stock, valued at approximately $31,123,583.91. The trade was a 1.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, January 21st, Gary Bowman sold 7,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $35.37, for a total value of $265,275.00.
• On Wednesday, December 17th, Gary Bowman sold 7,500 shares of Bowman Consulting Group stock. The shares were sold at an average price of $35.25, for a total transaction of $264,375.00.
• On Wednesday, December 17th, Gary Bowman sold 12,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $35.25, for a total transaction of $440,625.00.

Bowman Consulting Group Trading Down 2.3%

BWMN traded down $0.86 on Friday, reaching $35.93. 86,785 shares of the company traded hands, compared to its average volume of 118,392. The company has a market cap of $624.21 million, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 2.15 and a beta of 1.33. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.14. Bowman Consulting Group Ltd. has a one year low of $17.90 and a one year high of $45.83. The firm has a fifty day simple moving average of $34.85 and a two-hundred day simple moving average of $37.62.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BWMN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a report on Monday, December 29th. Zacks Research raised shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Wall Street Zen cut shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th. Roth Mkm raised their target price 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. Finally, JPMorgan Chase & Co. initiated coverage on shares of Bowman Consulting Group in a research report on Friday, January 9th. They issued a “neutral” rating and a $40.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $40.90.

Institutional Trading of Bowman Consulting Group

Several hedge funds have recently modified their holdings of BWMN. Alliancebernstein L.P. grew its position in shares of Bowman Consulting Group by 3,560.2% in the 3rd quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock worth $22,233,000 after buying an additional 510,527 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Bowman Consulting Group in the third quarter valued at approximately $6,590,000. Tudor Investment Corp ET AL purchased a new position in Bowman Consulting Group in the third quarter worth $3,958,000. JPMorgan Chase & Co. increased its position in shares of Bowman Consulting Group by 998.9% during the third quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock worth $4,249,000 after purchasing an additional 91,181 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Bowman Consulting Group during the 2nd quarter valued at $2,022,000. 63.20% of the stock is owned by hedge funds and other institutional investors.

Bowman Consulting Group Company Profile

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.