Key Points
- COO Daniel Swayze sold 914 shares for approximately $24,897 at an average price of $27.24, reducing his ownership by 3.35%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Bowman exceeded quarterly expectations, reporting $0.62 in earnings per share versus the $0.47 consensus estimate and revenue of $146.13 million versus $129.35 million expected.
- Bernhard Capital Partners’ all-cash acquisition offer of $43 per share provides a significant valuation catalyst, although the deal remains subject to customary conditions and potential shareholder or legal challenges.
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 transaction, the chief operating officer owned 26,363 shares in the company, valued at $718,128.12. The trade was a 3.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Bowman Consulting Group Price Performance
BWMN opened at $42.42 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $742.77 million, a P/E ratio of 70.70, a price-to-earnings-growth ratio of 3.43 and a beta of 1.36. The company's 50 day simple moving average is $28.98 and its 200-day simple moving average is $30.83. Bowman Consulting Group Ltd. has a one year low of $25.07 and a one year high of $45.83.
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 the consensus estimate of $0.47 by $0.15. Bowman Consulting Group had a net margin of 2.02% and a return on equity of 3.98%. The firm had revenue of $146.13 million during the quarter, compared to analysts' expectations of $129.35 million. Sell-side analysts anticipate that Bowman Consulting Group Ltd. will post 0.82 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on BWMN shares. Wall Street Zen cut Bowman Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Roth Capital set a $58.00 price objective on Bowman Consulting Group and gave the stock a "buy" rating in a report on Thursday, May 7th. B. Riley Financial lowered shares of Bowman Consulting Group from a "buy" rating to a "neutral" rating in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, May 8th. Finally, Weiss Ratings raised shares of Bowman Consulting Group from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $49.00.
Get Our Latest Report on BWMN
Institutional Investors Weigh In On Bowman Consulting Group
Large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new stake in shares of Bowman Consulting Group in the fourth quarter valued at about $42,000. Tower Research Capital LLC TRC grew its stake 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 worth $66,000 after acquiring an additional 1,633 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Bowman Consulting Group by 169.6% in the fourth quarter. State of Alaska Department of Revenue now owns 2,599 shares of the company's stock valued at $84,000 after purchasing an additional 1,635 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Bowman Consulting Group by 478,000.0% in the third quarter. NewEdge Advisors LLC now owns 4,781 shares of the company's stock worth $203,000 after purchasing an additional 4,780 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in Bowman Consulting Group during the third quarter worth $207,000. Institutional investors own 63.20% of the company's stock.
Key Headlines Impacting Bowman Consulting Group
Here are the key news stories impacting Bowman Consulting Group this week:
- Positive Sentiment: Takeover agreement provides a clear valuation catalyst. Bernhard’s all-cash offer offers shareholders a defined exit value and is the most significant reason for the stock’s increase. The transaction remains subject to customary closing conditions and could be affected by competing bids or failed approvals. Bowman Acquisition Announcement
- Positive Sentiment: Second-quarter results exceeded estimates. Revenue rose 19.7% year over year to $146.1 million, above the $129.35 million consensus estimate. Adjusted diluted EPS was $0.62 versus expectations of $0.47, while adjusted EBITDA increased 19.2% to $24.1 million. Bowman Q2 Earnings Beat
- Positive Sentiment: Backlog and organic growth strengthened. Gross backlog climbed 50.3% to $658.7 million, and organic net service billing growth accelerated to 12.7%, supporting visibility into future revenue. Bowman also reaffirmed its 2026 net revenue guidance of $520 million to $540 million and adjusted EBITDA margin guidance of 17.2% to 17.7%.
- Neutral Sentiment: Unusually heavy call-option activity signals speculative optimism. Investors purchased 4,127 call options, roughly 15 times the typical volume. This may reflect expectations of deal completion or another favorable announcement, but options activity does not guarantee sustained buying.
- Negative Sentiment: Profitability and liquidity remain concerns. GAAP net income fell to $2.5 million from $6.0 million, first-half results shifted to a $1.2 million loss, and operating cash flow declined to $3.7 million from $16.3 million. Reported guidance of $520 million to $540 million also remains below the roughly $594.9 million consensus revenue estimate. Bowman Q2 Key Metrics
- Negative Sentiment: Deal-related scrutiny and insider selling add uncertainty. Law firms are investigating whether shareholders are receiving a fair price, while COO Daniel Swayze sold 914 shares under a pre-arranged Rule 10b5-1 plan. The planned nature of the sale reduces its significance, but litigation or shareholder opposition could delay or complicate the transaction.
Bowman Consulting Group Company Profile
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Get Free Report)
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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