Insider Selling: Bowman Consulting Group (NASDAQ:BWMN) Director Sells 883 Shares

Bowman Consulting Group Ltd. (NASDAQ:BWMN) Director Patricia Mulroy sold 883 shares of the stock in a transaction dated 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 in the company, valued at $1,115,602.10. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Price Performance

NASDAQ:BWMN traded down $0.15 during mid-day trading on Wednesday, reaching $42.22. The stock had a trading volume of 794,198 shares, compared to its average volume of 171,920. The firm has a 50 day moving average price of $29.18 and a two-hundred day moving average price of $30.88. The stock has a market capitalization of $739.27 million, a P/E ratio of 105.55, a P/E/G ratio of 5.34 and a beta of 1.36. Bowman Consulting Group Ltd. has a one year low of $25.07 and a one year high of $45.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.15. The business had revenue of $146.13 million for the quarter, compared to analysts’ expectations of $129.35 million. Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. As a group, analysts expect that Bowman Consulting Group Ltd. will post 0.82 earnings per share for the current year.

Key Bowman Consulting Group News

Here are the key news stories impacting Bowman Consulting Group this week:

• Positive Sentiment: Strong quarterly earnings supported the stock. Bowman reported adjusted EPS of $0.62, beating the $0.47 consensus estimate, while revenue of $146.1 million exceeded expectations of $129.4 million. The company also reported a 50.3% increase in gross backlog to $658.7 million and 12.7% organic net service billing growth.
• Positive Sentiment: The proposed acquisition provides a defined valuation. Bernhard Capital Partners has agreed to acquire Bowman for $43.00 per share in cash. The offer gives shareholders a clear potential exit value, although the transaction remains subject to customary conditions and approvals. Bowman Acquisition Announcement
• Neutral Sentiment: Heavy options activity indicates speculative interest. Trading in Bowman call options rose to roughly 15 times typical volume, potentially reflecting expectations that the acquisition will close or that a competing bid could emerge. Options activity alone does not establish a fundamental change. Unusually Large Options Trading
• Neutral Sentiment: Reported short interest was zero. The latest data showed no shares sold short and a zero-day short-interest ratio, suggesting little evidence of short-selling pressure, though the reported figures may reflect a data limitation.
• Negative Sentiment: Two firms downgraded the stock to Hold. Texas Capital and Robert W. Baird each cut Bowman from Strong Buy to Hold. The moves suggest analysts see limited upside after the recent rally and with shares close to the $43 acquisition consideration. Analyst Downgrades
• Negative Sentiment: Guidance trails current revenue expectations. Bowman forecast fiscal 2026 revenue of $520 million to $540 million, below the approximately $594.9 million consensus estimate. Lower-than-expected guidance may weigh on the standalone valuation if the acquisition does not close.
• Negative Sentiment: Takeover scrutiny creates execution risk. Kahn Swick & Foti is investigating whether the $43 offer and sale process adequately compensate shareholders. Litigation or shareholder opposition could delay or complicate the transaction. Takeover Investigation
• Negative Sentiment: Insider selling adds a modest cautionary signal. COO Daniel Swayze sold 914 shares worth about $24,900 under a pre-arranged Rule 10b5-1 plan. Because the sale was planned in advance, it is less significant than discretionary selling.

Analyst Upgrades and Downgrades

BWMN has been the topic of a number of analyst reports. Capital One Financial set a $43.00 target price on shares of Bowman Consulting Group in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Texas Capital cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Craig Hallum downgraded Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a report on Tuesday. Finally, B. Riley Financial lowered Bowman Consulting Group from a “buy” rating to a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.43.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BWMN. Summit Creek Advisors LLC purchased a new stake in Bowman Consulting Group during the 2nd quarter valued at $6,431,000. BlackRock Inc. bought a new position in shares of Bowman Consulting Group during the second quarter valued at about $31,113,000. Deutsche Bank AG purchased a new stake in shares of Bowman Consulting Group during the second quarter worth about $421,000. Bank of New York Mellon Corp purchased a new stake in shares of Bowman Consulting Group during the second quarter worth about $1,187,000. Finally, Quantinno Capital Management LP grew its stake in shares of Bowman Consulting Group by 10.9% in the first quarter. Quantinno Capital Management LP now owns 10,584 shares of the company’s stock worth $301,000 after purchasing an additional 1,041 shares during the last quarter. 63.20% of the stock is owned by hedge funds and other institutional investors.

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.