Bowman Consulting Group (NASDAQ:BWMN) CFO Sells $423,700.00 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CFO Bruce Labovitz sold 10,000 shares of Bowman Consulting Group stock in a transaction on Monday, October 13th. The shares were sold at an average price of $42.37, for a total value of $423,700.00. Following the completion of the sale, the chief financial officer directly owned 385,560 shares of the company’s stock, valued at $16,336,177.20. This trade represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bowman Consulting Group Stock Down 1.5%

NASDAQ BWMN opened at $43.47 on Friday. The stock has a fifty day moving average of $41.46 and a 200-day moving average of $31.90. The stock has a market capitalization of $749.86 million, a P/E ratio of 72.45 and a beta of 1.31. Bowman Consulting Group Ltd. has a 52 week low of $17.90 and a 52 week high of $44.54. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.26 and a current ratio of 1.26.

Institutional Investors Weigh In On Bowman Consulting Group

Institutional investors have recently made changes to their positions in the stock. Swedbank AB grew its stake in Bowman Consulting Group by 108.2% in the second quarter. Swedbank AB now owns 416,492 shares of the company’s stock valued at $11,974,000 after acquiring an additional 216,492 shares during the period. Los Angeles Capital Management LLC acquired a new position in Bowman Consulting Group in the second quarter valued at about $2,022,000. Cetera Investment Advisers grew its stake in Bowman Consulting Group by 527.6% in the first quarter. Cetera Investment Advisers now owns 82,343 shares of the company’s stock valued at $1,798,000 after acquiring an additional 69,223 shares during the period. Asset Management One Co. Ltd. acquired a new position in Bowman Consulting Group in the second quarter valued at about $1,747,000. Finally, Pembroke Management LTD grew its stake in Bowman Consulting Group by 12.8% in the first quarter. Pembroke Management LTD now owns 520,519 shares of the company’s stock valued at $11,363,000 after acquiring an additional 59,197 shares during the period. 63.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on BWMN. Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Wednesday, October 8th. Zacks Research cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, B. Riley lifted their target price on Bowman Consulting Group from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bowman Consulting Group currently has an average rating of “Moderate Buy” and an average target price of $38.17.

About Bowman Consulting Group

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.