Bowman Consulting Group (NASDAQ:BWMN) Stock: Insider Gary Bowman Sells 37,500 Shares

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CEO Gary Bowman sold 37,500 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $42.55, for a total transaction of $1,595,625.00. Following the completion of the sale, the chief executive officer owned 780,948 shares in the company, valued at $33,229,337.40. This represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 23rd, Gary Bowman sold 22,500 shares of Bowman Consulting Group stock. The shares were sold at an average price of $42.55, for a total transaction of $957,375.00.

Bowman Consulting Group Price Performance

Shares of NASDAQ BWMN remained flat at $42.56 on Thursday. 182,203 shares of the company’s stock traded hands, compared to its average volume of 203,700. Bowman Consulting Group Ltd. has a 12 month low of $25.07 and a 12 month high of $45.83. The stock has a market cap of $737.82 million, a P/E ratio of 106.40 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. The company has a 50-day simple moving average of $37.05 and a 200 day simple moving average of $32.76.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.15. Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. The business had revenue of $146.12 million during the quarter, compared to analysts’ expectations of $129.35 million. Sell-side analysts expect that Bowman Consulting Group Ltd. will post 0.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BWMN shares. Capital One Financial set a $43.00 price objective on Bowman Consulting Group in a research report on Tuesday, August 11th. B. Riley Financial lowered shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Roth Capital lowered shares of Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Wednesday, August 12th. JPMorgan Chase & Co. downgraded Bowman Consulting Group from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $40.00 to $43.00 in a report on Friday, August 21st. Finally, Craig Hallum lowered Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a research note on Tuesday, August 11th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $43.00.

Institutional Investors Weigh In On Bowman Consulting Group

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its stake in shares of Bowman Consulting Group by 77.5% in the 1st quarter. Renaissance Technologies LLC now owns 99,379 shares of the company’s stock valued at $2,826,000 after acquiring an additional 43,379 shares during the period. Royce & Associates LP purchased a new position in Bowman Consulting Group in the fourth quarter valued at about $2,141,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Bowman Consulting Group in the second quarter worth about $7,210,000. BlackRock Inc. acquired a new stake in shares of Bowman Consulting Group in the second quarter valued at about $31,113,000. Finally, Summit Creek Advisors LLC acquired a new position in Bowman Consulting Group during the 2nd quarter worth approximately $6,431,000. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

About Bowman Consulting Group

Bowman Consulting Group Ltd. is an engineering services firm that provides infrastructure-related consulting and technical services to public- and private-sector clients. The company supports projects across transportation, water, power and utilities, renewable energy, commercial and residential real estate, and other infrastructure markets.

Its services include civil engineering, surveying and geomatics, environmental consulting, land planning, landscape architecture, right-of-way services, construction management and inspection, and program and project management.