Bowman Consulting Group (NASDAQ:BWMN) Shares Gap Down – What’s Next?

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) gapped down prior to trading on Thursday . The stock had previously closed at $32.94, but opened at $30.76. Bowman Consulting Group shares last traded at $30.73, with a volume of 51,907 shares trading hands.

Key Bowman Consulting Group News

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

• Positive Sentiment: Q4 EPS beat — Bowman reported $0.45 EPS vs. consensus $0.38, beating estimates; revenue was essentially in line. The beat supports near-term momentum for the stock. Zacks: Q4 Beats
• Positive Sentiment: Earnings call highlights/record growth — Management framed the quarter as record growth with commentary and detail that investors typically view as supportive of multiple expansion if guidance remains constructive. Yahoo: Q4 Highlights
• Positive Sentiment: Full call materials and transcript available — Detailed transcripts and the earnings presentation let investors dig into segment performance, backlog and margin drivers (useful for modelling forward quarters). Seeking Alpha: Transcript
• Neutral Sentiment: Short-interest report appears to show 0 shares and NaN changes — the published March short-interest entries look erroneous or incomplete, so they’re not a meaningful signal right now.
• Neutral Sentiment: Volume and technicals — Today’s trading volume is materially above average, indicating increased attention; however the stock trades below its 50- and 200-day moving averages, so technical resistance remains.
• Negative Sentiment: Analyst price-target cut — Robert W. Baird lowered its target from $43 to $37 but maintained an “outperform” rating, signaling some analyst caution despite continued bullish stance. Benzinga: Baird PT Cut

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird reduced their target price on shares of Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday. Zacks Research cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. started coverage on Bowman Consulting Group in a report on Friday, January 9th. They issued a “neutral” rating and a $40.00 target price for the company. Wall Street Zen downgraded Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Bowman Consulting Group Trading Up 0.9%

The business has a fifty day moving average price of $34.20 and a 200 day moving average price of $37.48. The firm has a market cap of $508.42 million, a PE ratio of 41.23, a P/E/G ratio of 1.74 and a beta of 1.34. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $128.96 million during the quarter, compared to the consensus estimate of $129.12 million. Bowman Consulting Group had a return on equity of 4.82% and a net margin of 2.48%.

Insider Activity

In related news, CEO Gary Bowman sold 12,500 shares of the stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total value of $442,125.00. Following the transaction, the chief executive officer directly owned 879,943 shares of the company’s stock, valued at $31,123,583.91. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 40,000 shares of company stock valued at $1,412,400. Corporate insiders own 17.42% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in shares of Bowman Consulting Group by 51.0% in the 1st quarter. Royal Bank of Canada now owns 48,613 shares of the company’s stock valued at $1,061,000 after purchasing an additional 16,421 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Bowman Consulting Group by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock worth $1,095,000 after buying an additional 2,203 shares during the period. Jane Street Group LLC purchased a new stake in Bowman Consulting Group in the first quarter valued at approximately $287,000. Los Angeles Capital Management LLC purchased a new stake in Bowman Consulting Group in the second quarter valued at approximately $2,022,000. Finally, Boston Partners boosted its holdings in shares of Bowman Consulting Group by 3.5% in the second quarter. Boston Partners now owns 23,738 shares of the company’s stock valued at $682,000 after acquiring an additional 813 shares during the period. Institutional investors and hedge funds own 63.20% of the company’s stock.

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.