Bowman Consulting Group Ltd. (NASDAQ:BWMN) COO Sells $157,800.00 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) COO Michael Bruen sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $31.56, for a total value of $157,800.00. Following the transaction, the chief operating officer now directly owns 385,739 shares of the company’s stock, valued at $12,173,922.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Michael Bruen also recently made the following trade(s):

• On Monday, May 13th, Michael Bruen sold 5,000 shares of Bowman Consulting Group stock. The stock was sold at an average price of $30.96, for a total transaction of $154,800.00.
• On Wednesday, April 10th, Michael Bruen sold 5,000 shares of Bowman Consulting Group stock. The shares were sold at an average price of $32.45, for a total transaction of $162,250.00.
• On Monday, April 1st, Michael Bruen sold 11,764 shares of Bowman Consulting Group stock. The shares were sold at an average price of $34.00, for a total transaction of $399,976.00.

Bowman Consulting Group Stock Performance

BWMN stock opened at $31.33 on Monday. Bowman Consulting Group Ltd. has a one year low of $25.52 and a one year high of $42.90. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average price is $31.50 and its 200-day moving average price is $33.21.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Monday, May 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.18. The company had revenue of $94.91 million for the quarter, compared to the consensus estimate of $93.51 million. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. As a group, equities research analysts forecast that Bowman Consulting Group Ltd. will post 0.09 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BWMN shares. Robert W. Baird started coverage on Bowman Consulting Group in a research note on Monday, June 3rd. They issued an “outperform” rating and a $37.00 price target on the stock. DA Davidson boosted their price target on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Roth Mkm cut their price objective on shares of Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. B. Riley restated a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Bowman Consulting Group in a report on Wednesday, March 13th. Finally, Bank of America started coverage on Bowman Consulting Group in a report on Friday, May 24th. They issued a “buy” rating and a $36.50 price target for the company. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bowman Consulting Group has a consensus rating of “Buy” and an average target price of $42.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Bowman Consulting Group by 33.7% during the third quarter. FMR LLC now owns 1,761,350 shares of the company’s stock worth $49,371,000 after buying an additional 444,299 shares during the period. Vanguard Group Inc. boosted its holdings in Bowman Consulting Group by 28.0% during the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock valued at $23,056,000 after acquiring an additional 144,978 shares during the period. Polen Capital Management LLC acquired a new position in Bowman Consulting Group in the 4th quarter valued at about $2,010,000. Summit Creek Advisors LLC grew its position in Bowman Consulting Group by 19.0% in the 1st quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company’s stock valued at $10,446,000 after acquiring an additional 47,844 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in Bowman Consulting Group by 28.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 188,724 shares of the company’s stock worth $6,566,000 after purchasing an additional 41,669 shares during the period. Hedge funds and other 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.