Key Points
- Director Patricia Mulroy sold 883 shares of Bowman Consulting Group at an average price of $42.37, receiving approximately $37,413. The sale reduced her stake by 3.24% and was conducted under a pre-arranged Rule 10b5-1 plan.
- Bowman reported a quarterly earnings beat, with EPS of $0.62 versus the $0.47 estimate and revenue of $146.13 million compared with expectations of $129.35 million.
- Analysts maintain a consensus “Hold” rating with an average price target of $44.29, while the stock trades near the proposed $43-per-share acquisition price and has attracted significant institutional ownership.
Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) Director Patricia Mulroy sold 883 shares of Bowman Consulting Group stock in a transaction on Monday, August 10th. The shares were sold at an average price of $42.37, for a total value of $37,412.71. Following the transaction, the director owned 26,330 shares of the company's stock, valued at $1,115,602.10. The trade was a 3.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Bowman Consulting Group Trading Down 0.4%
NASDAQ BWMN opened at $42.22 on Thursday. Bowman Consulting Group Ltd. has a 12 month low of $25.07 and a 12 month high of $45.83. The stock has a market cap of $739.27 million, a P/E ratio of 105.55, a P/E/G ratio of 5.33 and a beta of 1.36. The stock's fifty day moving average price is $29.39 and its 200-day moving average price is $30.92. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22.
Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.15. The firm had revenue of $146.13 million during the quarter, compared to the consensus estimate of $129.35 million. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%. As a group, equities analysts forecast that Bowman Consulting Group Ltd. will post 0.82 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the stock. Wolfe Research set a $43.00 target price on shares of Bowman Consulting Group in a report on Tuesday. Wall Street Zen downgraded shares of Bowman Consulting Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Weiss Ratings raised Bowman Consulting Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday. Craig Hallum downgraded Bowman Consulting Group from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a research note on Tuesday. Finally, Robert W. Baird set a $43.00 price target on Bowman Consulting Group in a research note on Monday. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $44.29.
Read Our Latest Stock Report on BWMN
Trending Headlines about Bowman Consulting Group
Here are the key news stories impacting Bowman Consulting Group this week:
- 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 Trading of Bowman Consulting Group
Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Bowman Consulting Group in the second quarter worth $31,113,000. Alliancebernstein L.P. increased its position in Bowman Consulting Group by 3,560.2% during the third quarter. Alliancebernstein L.P. now owns 524,867 shares of the company's stock valued at $22,233,000 after acquiring an additional 510,527 shares during the last quarter. Summit Creek Advisors LLC bought a new position in Bowman Consulting Group in the second quarter valued at about $6,431,000. Arrowstreet Capital Limited Partnership bought a new position in Bowman Consulting Group in the third quarter valued at about $6,590,000. Finally, JPMorgan Chase & Co. boosted its position in Bowman Consulting Group by 998.9% in the third quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company's stock worth $4,249,000 after purchasing an additional 91,181 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors.
Bowman Consulting Group Company Profile
(
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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