Michael Bruen Sells 5,000 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) COO Michael Bruen sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $31.56, for a total value of $157,800.00. Following the completion of the sale, the chief operating officer now owns 385,739 shares of the company’s stock, valued at approximately $12,173,922.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

Bowman Consulting Group Price Performance

Shares of Bowman Consulting Group stock opened at $31.60 on Wednesday. The stock has a 50 day moving average of $31.53 and a 200 day moving average of $33.19. Bowman Consulting Group Ltd. has a 12 month low of $25.52 and a 12 month high of $42.90. The firm has a market cap of $558.37 million, a PE ratio of -47.16 and a beta of 1.17. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.16.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly 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. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. The company had revenue of $94.91 million during the quarter, compared to analyst estimates of $93.51 million. On average, research analysts expect that Bowman Consulting Group Ltd. will post 0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

BWMN has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. Baird R W upgraded Bowman Consulting Group to a “strong-buy” rating in a research report on Monday, June 3rd. Roth Mkm cut their target price on Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. DA Davidson increased their target price on Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Bank of America initiated coverage on Bowman Consulting Group in a research report on Friday, May 24th. They set a “buy” rating and a $36.50 target price for the company. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $42.50.

Hedge Funds Weigh In On Bowman Consulting Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWMN. FMR LLC boosted its stake in Bowman Consulting Group by 33.7% during the third quarter. FMR LLC now owns 1,761,350 shares of the company’s stock valued at $49,371,000 after buying an additional 444,299 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Bowman Consulting Group by 28.0% in the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock valued at $23,056,000 after purchasing an additional 144,978 shares during the last quarter. Polen Capital Management LLC bought a new stake in shares of Bowman Consulting Group in the 4th quarter valued at approximately $2,010,000. Summit Creek Advisors LLC lifted its stake in shares of 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 purchasing an additional 47,844 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its stake in shares of Bowman Consulting Group by 28.3% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 188,724 shares of the company’s stock valued at $6,566,000 after purchasing an additional 41,669 shares during the last quarter. 63.20% of the stock is owned by institutional investors.

Bowman Consulting Group Company Profile

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.