Bowman Consulting Group (NASDAQ:BWMN) Stock Price Up 7.4%

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) were up 7.4% on Tuesday . The company traded as high as $32.71 and last traded at $32.66. Approximately 94,858 shares traded hands during trading, an increase of 3% from the average daily volume of 92,218 shares. The stock had previously closed at $30.41.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BWMN. B. Riley restated a “buy” rating and issued a $47.00 target price (up previously from $44.00) on shares of Bowman Consulting Group in a research note on Wednesday, March 13th. Roth Mkm reaffirmed a “buy” rating and issued a $49.00 target price on shares of Bowman Consulting Group in a research report on Monday, April 8th. TheStreet raised shares of Bowman Consulting Group from a “c” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, DA Davidson upped their price objective 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. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $47.00.

Bowman Consulting Group Trading Up 9.3 %

The firm has a 50-day moving average price of $34.12 and a 200-day moving average price of $32.59. The stock has a market cap of $512.23 million, a PE ratio of -63.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.22 and a current ratio of 1.22.

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

Insider Transactions at Bowman Consulting Group

In related news, CEO Gary Bowman sold 3,750 shares of Bowman Consulting Group stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $31.72, for a total value of $118,950.00. Following the completion of the sale, the chief executive officer now directly owns 973,475 shares in the company, valued at approximately $30,878,627. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Bowman Consulting Group news, CFO Bruce J. Labovitz sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $37.43, for a total transaction of $93,575.00. Following the completion of the sale, the chief financial officer now directly owns 303,288 shares in the company, valued at approximately $11,352,069.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary Bowman sold 3,750 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $31.72, for a total transaction of $118,950.00. Following the sale, the chief executive officer now directly owns 973,475 shares of the company’s stock, valued at approximately $30,878,627. The disclosure for this sale can be found here. Insiders sold 184,469 shares of company stock worth $6,391,454 over the last quarter. 20.40% of the stock is currently owned by insiders.

Institutional Trading of Bowman Consulting Group

Several large investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC purchased a new position in shares of Bowman Consulting Group during the 1st quarter worth $33,000. Norden Group LLC bought a new position in Bowman Consulting Group in the 1st quarter worth $207,000. NBC Securities Inc. purchased a new position in Bowman Consulting Group during the fourth quarter valued at $214,000. Kestra Advisory Services LLC bought a new stake in Bowman Consulting Group during the third quarter valued at about $208,000. Finally, Jump Financial LLC increased its position in Bowman Consulting Group by 7.5% in the third quarter. Jump Financial LLC now owns 12,900 shares of the company’s stock worth $362,000 after buying an additional 900 shares in the last quarter. 63.20% of the stock is currently owned by institutional investors.

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.