Bowman Consulting Group (NASDAQ:BWMN) CFO Sells $433,000.00 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) CFO Bruce Labovitz sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $43.30, for a total transaction of $433,000.00. Following the completion of the sale, the chief financial officer owned 395,560 shares in the company, valued at $17,127,748. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bowman Consulting Group Stock Performance

NASDAQ:BWMN opened at $41.87 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $722.26 million, a P/E ratio of 69.78 and a beta of 1.33. The firm has a 50-day moving average price of $39.00 and a two-hundred day moving average price of $29.92. Bowman Consulting Group Ltd. has a twelve month low of $17.90 and a twelve month high of $44.25.

Bowman Consulting Group declared that its Board of Directors has authorized a share buyback program on Friday, June 6th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Bowman Consulting Group

A number of hedge funds have recently added to or reduced their stakes in BWMN. Pembroke Management LTD increased its stake in shares of Bowman Consulting Group by 12.8% during the 1st 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 last quarter. Polar Asset Management Partners Inc. boosted its holdings in shares of Bowman Consulting Group by 3.6% in the 1st quarter. Polar Asset Management Partners Inc. now owns 451,029 shares of the company’s stock valued at $9,846,000 after purchasing an additional 15,481 shares during the last quarter. Swedbank AB increased its holdings in shares of Bowman Consulting Group by 108.2% during the 2nd quarter. Swedbank AB now owns 416,492 shares of the company’s stock worth $11,974,000 after buying an additional 216,492 shares during the last quarter. Summit Creek Advisors LLC raised its position in shares of Bowman Consulting Group by 9.3% in the 1st quarter. Summit Creek Advisors LLC now owns 408,042 shares of the company’s stock worth $8,908,000 after buying an additional 34,599 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Bowman Consulting Group by 2.7% in the second quarter. Geode Capital Management LLC now owns 343,015 shares of the company’s stock valued at $9,864,000 after acquiring an additional 9,073 shares during the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWMN has been the topic of a number of recent research reports. Zacks Research raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Finally, B. Riley boosted their target price on shares of Bowman Consulting Group from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Bowman Consulting Group presently has an average rating of “Buy” and an average price target of $38.17.

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.