Bowman Consulting Group Ltd. (NASDAQ:BWMN – Get Free Report) COO Daniel Swayze sold 914 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $27.24, for a total transaction of $24,897.36. Following the completion of the sale, the chief operating officer directly owned 26,363 shares of the company’s stock, valued at $718,128.12. The trade was a 3.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Bowman Consulting Group Trading Down 0.4%
Shares of NASDAQ BWMN opened at $42.22 on Thursday. Bowman Consulting Group Ltd. has a 1-year low of $25.07 and a 1-year high of $45.83. The business has a fifty day moving average price of $29.39 and a 200 day moving average price of $30.92. The stock has a market capitalization of $739.27 million, a P/E ratio of 105.55, a price-to-earnings-growth ratio of 5.33 and a beta of 1.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.93.
Bowman Consulting Group (NASDAQ:BWMN – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.15. The firm had revenue of $146.13 million during the quarter, compared to analysts’ expectations of $129.35 million. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. Equities research analysts expect that Bowman Consulting Group Ltd. will post 0.82 EPS for the current fiscal year.
Key Stories Impacting Bowman Consulting Group
- Positive Sentiment: Strong earnings increased investor confidence. Bowman reported quarterly earnings of $0.62 per share, exceeding the $0.47 consensus estimate, while revenue of $146.13 million surpassed expectations of $129.35 million. The results helped propel the shares sharply higher. Bowman earnings report
- Positive Sentiment: The proposed acquisition provides a defined valuation. Bernhard Capital Partners has agreed to acquire Bowman for $43 in cash per share, creating a near-term catalyst and limiting downside if the transaction closes. The deal remains subject to customary conditions and approvals.
- Neutral Sentiment: Options activity points to heightened speculation. Trading in call options was unusually heavy, with 4,127 contracts changing hands—about 15 times typical volume. The activity may reflect expectations for deal completion or additional upside, but it is not a guarantee of sustained buying. Unusually large options trading
- Negative Sentiment: Two firms downgraded the stock to Hold. Texas Capital and Robert W. Baird lowered Bowman from “strong-buy” to “hold.” The changes suggest analysts see limited upside beyond the $43 offer price after the recent rally. Analyst downgrade reports
- Negative Sentiment: Deal scrutiny presents a potential obstacle. Kahn Swick & Foti is investigating whether the $43 offer and sale process adequately compensate shareholders. Any litigation, competing-bid speculation or approval delays could increase merger risk. Bowman acquisition investigation
- Negative Sentiment: Insider sales add a modest cautionary signal. Director Patricia Mulroy sold 883 shares for approximately $37,413, following COO Daniel Swayze’s sale of 914 shares. Both transactions were executed under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal.
Institutional Investors Weigh In On Bowman Consulting Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Bowman Consulting Group during the 2nd quarter worth $31,113,000. Vanguard Group Inc. grew its holdings in shares of Bowman Consulting Group by 1.7% in the third quarter. Vanguard Group Inc. now owns 802,969 shares of the company’s stock valued at $34,014,000 after purchasing an additional 13,366 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Bowman Consulting Group by 3,560.2% in the third quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock valued at $22,233,000 after purchasing an additional 510,527 shares during the period. Summit Creek Advisors LLC increased its position in Bowman Consulting Group by 10.1% during the fourth quarter. Summit Creek Advisors LLC now owns 399,094 shares of the company’s stock worth $13,178,000 after purchasing an additional 36,645 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Bowman Consulting Group by 13.1% during the first quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after purchasing an additional 43,624 shares during the period. Institutional investors and hedge funds own 63.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Weiss Ratings upgraded Bowman Consulting Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Craig Hallum cut shares of Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a research note on Tuesday. Wolfe Research set a $43.00 target price on shares of Bowman Consulting Group in a report on Tuesday. Texas Capital cut shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Wall Street Zen downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.29.
Get Our Latest Research Report on Bowman Consulting Group
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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