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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CFO Bruce J. Labovitz sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $30.79, for a total value of $307,900.00. Following the transaction, the chief financial officer now owns 283,288 shares in the company, valued at approximately $8,722,437.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Bowman Consulting Group Stock Up 0.9 %

BWMN traded up $0.28 during midday trading on Thursday, hitting $30.37. The company had a trading volume of 93,811 shares, compared to its average volume of 88,913. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $35.13 and its 200 day moving average price is $32.18. The company has a market capitalization of $468.00 million, a price-to-earnings ratio of -58.40 and a beta of 1.19. Bowman Consulting Group Ltd. has a 52 week low of $25.52 and a 52 week high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Monday, March 11th. The company reported $0.23 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $92.97 million during the quarter, compared to the consensus estimate of $88.68 million. On average, research analysts anticipate that Bowman Consulting Group Ltd. will post 0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. acquired a new position in Bowman Consulting Group during the 2nd quarter valued at about $26,000. UBS Group AG bought a new position in shares of Bowman Consulting Group in the fourth quarter valued at approximately $27,000. Lazard Asset Management LLC purchased a new position in shares of Bowman Consulting Group during the fourth quarter valued at approximately $59,000. Barclays PLC grew its holdings in Bowman Consulting Group by 474.5% during the fourth quarter. Barclays PLC now owns 3,269 shares of the company’s stock worth $71,000 after buying an additional 2,700 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Bowman Consulting Group by 333.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,347 shares of the company’s stock valued at $107,000 after buying an additional 2,574 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BWMN. TheStreet upgraded Bowman Consulting Group from a “c” rating to a “b-” rating in a research note on Wednesday, February 14th. DA Davidson increased their target price on Bowman Consulting Group from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Roth Mkm restated a “buy” rating and set a $49.00 price target on shares of Bowman Consulting Group in a report on Monday, April 8th. Finally, B. Riley reiterated a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $47.00.

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.