Michael Bruen Sells 11,764 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMNGet Free Report) COO Michael Bruen sold 11,764 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $34.00, for a total transaction of $399,976.00. Following the completion of the transaction, the chief operating officer now directly owns 414,310 shares in the company, valued at $14,086,540. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, March 5th, Michael Bruen sold 5,000 shares of Bowman Consulting Group stock. The shares were sold at an average price of $33.52, for a total transaction of $167,600.00.
  • On Wednesday, February 14th, Michael Bruen sold 5,000 shares of Bowman Consulting Group stock. The shares were sold at an average price of $35.57, for a total transaction of $177,850.00.
  • On Wednesday, January 10th, Michael Bruen sold 5,000 shares of Bowman Consulting Group stock. The stock was sold at an average price of $31.61, for a total transaction of $158,050.00.

Bowman Consulting Group Stock Performance

NASDAQ BWMN opened at $33.21 on Thursday. 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 firm has a market capitalization of $509.44 million, a price-to-earnings ratio of -63.87 and a beta of 1.19. The firm’s 50 day simple moving average is $35.28 and its 200 day simple moving average is $31.87. Bowman Consulting Group Ltd. has a 1 year low of $25.52 and a 1 year high of $42.90.

Bowman Consulting Group (NASDAQ:BWMNGet Free Report) last posted its quarterly earnings results on Monday, March 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.38. The business had revenue of $92.97 million for the quarter, compared to analyst estimates of $88.68 million. Bowman Consulting Group had a negative net margin of 1.96% and a positive return on equity of 5.14%. As a group, research analysts expect that Bowman Consulting Group Ltd. will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Bowman Consulting Group

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Bowman Consulting Group by 5.6% in the fourth quarter. Vanguard Group Inc. now owns 517,755 shares of the company’s stock valued at $18,391,000 after buying an additional 27,301 shares in the last quarter. Polen Capital Management LLC acquired a new stake in Bowman Consulting Group in the fourth quarter valued at approximately $2,010,000. Price T Rowe Associates Inc. MD boosted its position in Bowman Consulting Group by 4.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,032 shares of the company’s stock valued at $286,000 after buying an additional 364 shares in the last quarter. Barclays PLC boosted its position in Bowman Consulting Group by 283.2% in the fourth quarter. Barclays PLC now owns 18,719 shares of the company’s stock valued at $665,000 after buying an additional 13,834 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Bowman Consulting Group by 19.6% in the fourth quarter. Nuveen Asset Management LLC now owns 30,439 shares of the company’s stock valued at $1,081,000 after buying an additional 4,978 shares in the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

Wall Street Analysts Forecast Growth

BWMN has been the topic of several recent research reports. DA Davidson raised their target price on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Roth Mkm raised their target price on shares of Bowman Consulting Group from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. B. Riley reaffirmed 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, TheStreet raised shares of Bowman Consulting Group from a “c” rating to a “b-” rating in a report on Wednesday, February 14th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, Bowman Consulting Group currently has a consensus rating of “Buy” and an average price target of $47.00.

Read Our Latest Analysis on BWMN

Bowman Consulting Group Company Profile

(Get Free Report)

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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