Bowman Consulting Group (NASDAQ:BWMN) CEO Sells $383,875.00 in Stock

Key Points

• Gary Bowman, the CEO, sold 12,500 shares on April 22 under a pre-arranged Rule 10b5-1 plan at an average price of $30.71 for proceeds of $383,875, trimming his stake by 1.36% to 906,575 shares (≈$27.84M).
• Bowman reported quarterly EPS of $0.45 versus $0.38 expected while revenue was $128.96M (slightly below the $129.12M estimate), and the stock traded up about 1.3% to $31.86 on the report.
• Analysts are split but cautious-to-positive, with a consensus rating of “Moderate Buy” and a consensus target price of $45.50 (three Buy and three Hold ratings).

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) CEO Gary Bowman sold 12,500 shares of the firm's stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $30.71, for a total value of $383,875.00. Following the transaction, the chief executive officer owned 906,575 shares in the company, valued at approximately $27,840,918.25. This trade represents a 1.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 22nd, Gary Bowman sold 7,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $30.71, for a total value of $230,325.00.

Bowman Consulting Group Trading Up 1.3%

BWMN traded up $0.41 during midday trading on Friday, reaching $31.86. 60,609 shares of the company were exchanged, compared to its average volume of 144,287. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 0.99. Bowman Consulting Group Ltd. has a one year low of $21.70 and a one year high of $45.83. The stock has a market capitalization of $545.44 million, a P/E ratio of 44.87, a PEG ratio of 1.82 and a beta of 1.39. The stock's 50-day simple moving average is $30.55 and its 200 day simple moving average is $34.62.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued its earnings results on Wednesday, March 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. Bowman Consulting Group had a return on equity of 4.78% and a net margin of 2.48%.The firm had revenue of $128.96 million for the quarter, compared to analysts' expectations of $129.12 million. As a group, analysts forecast that Bowman Consulting Group Ltd. will post 0.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bowman Consulting Group

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in shares of Bowman Consulting Group during the 3rd quarter valued at about $40,000. New York State Teachers Retirement System bought a new position in shares of Bowman Consulting Group during the 4th quarter valued at about $42,000. Tower Research Capital LLC TRC lifted its holdings in shares of Bowman Consulting Group by 244.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company's stock valued at $66,000 after purchasing an additional 1,633 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Bowman Consulting Group during the 3rd quarter valued at about $175,000. Finally, Strs Ohio bought a new position in shares of Bowman Consulting Group during the 3rd quarter valued at about $182,000. Institutional investors own 63.20% of the company's stock.

Wall Street Analysts Forecast Growth

BWMN has been the topic of a number of recent analyst reports. Robert W. Baird reduced their target price on Bowman Consulting Group from $43.00 to $37.00 and set an "outperform" rating on the stock in a report on Friday, March 6th. JPMorgan Chase & Co. initiated coverage on Bowman Consulting Group in a report on Friday, January 9th. They set a "neutral" rating and a $40.00 target price on the stock. Zacks Research cut Bowman Consulting Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 4th. Wall Street Zen cut Bowman Consulting Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 7th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Bowman Consulting Group in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.50.

About Bowman Consulting Group

Bowman Consulting Group Ltd. NASDAQ: BWMN is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.

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