Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) CFO Bruce J. Labovitz sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $30.79, for a total transaction of $307,900.00. Following the completion of the transaction, the chief financial officer now directly owns 283,288 shares in the company, valued at $8,722,437.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bowman Consulting Group Stock Performance
Shares of Bowman Consulting Group stock opened at $30.37 on Friday. The company has a market capitalization of $468.00 million, a PE ratio of -58.40 and a beta of 1.19. Bowman Consulting Group Ltd. has a 12 month low of $25.52 and a 12 month high of $42.90. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $35.01 and its 200 day simple moving average is $32.16.
Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last released its earnings results on Monday, March 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.38. The firm had revenue of $92.97 million during the quarter, compared to analysts' expectations of $88.68 million. Bowman Consulting Group had a positive return on equity of 5.14% and a negative net margin of 1.96%. On average, research analysts predict that Bowman Consulting Group Ltd. will post 0.68 EPS for the current year.
Hedge Funds Weigh In On Bowman Consulting Group
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Several hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Bowman Consulting Group by 4.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,032 shares of the company's stock valued at $286,000 after acquiring an additional 364 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Bowman Consulting Group by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 26,917 shares of the company's stock valued at $754,000 after acquiring an additional 442 shares in the last quarter. Rhumbline Advisers grew its holdings in Bowman Consulting Group by 6.8% during the third quarter. Rhumbline Advisers now owns 10,401 shares of the company's stock worth $292,000 after purchasing an additional 659 shares during the period. Ameritas Investment Partners Inc. bought a new position in Bowman Consulting Group during the second quarter worth about $26,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Bowman Consulting Group by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,506 shares of the company's stock worth $1,013,000 after purchasing an additional 870 shares during the period. Institutional investors own 63.20% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $49.00 price objective on shares of Bowman Consulting Group in a research note on Monday, April 8th. B. Riley reaffirmed a "buy" rating and set a $47.00 price objective (up previously from $44.00) on shares of Bowman Consulting Group in a research note on Wednesday, March 13th. TheStreet raised Bowman Consulting Group from a "c" rating to a "b-" rating in a research note on Wednesday, February 14th. Finally, DA Davidson raised their price objective on Bowman Consulting Group from $36.00 to $45.00 and gave the stock a "buy" rating in a research note on Wednesday, March 13th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $47.00.
Read Our Latest Stock Analysis on Bowman Consulting Group
About Bowman Consulting Group
(
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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.
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