Bowman Consulting Group (NASDAQ:BWMN) shares are trading lower on Tuesday following the announcement of founder and CEO Gary Bowman’s planned retirement later this year.
The company’s board of directors has initiated a search for Bowman’s successor, ensuring a smooth transition in leadership.
Under Bowman’s guidance, Bowman Consulting has grown to over 100 offices nationwide and completed more than 35 acquisitions, solidifying its position as a leading engineering services firm.
In connection with this leadership change, the board has also amended the employment agreements of key executives to maintain continuity.
The company aims to focus on organic growth and innovation as it moves forward, which may enhance its competitive edge in the engineering sector.
Technical Analysis
Bowman Consulting’s stock is currently trading 5.4% below its 20-day simple moving average (SMA) and 8.2% below its 100-day SMA, indicating a bearish trend in the short to medium term.
Over the past 12 months, shares have increased by 48.72%, and they are currently positioned closer to their 52-week highs than lows.
The RSI is at a neutral level, suggesting that the stock is neither overbought nor oversold. Meanwhile, MACD is currently below its signal line, indicating some bearish pressure on the stock.
The combination of neutral RSI and bearish MACD suggests mixed momentum for Bowman Consulting at this time.
- Key Resistance: $37.50
- Key Support: $32.50
The company’s recent announcement regarding leadership transition highlights its commitment to maintaining stability and growth. As Bowman Consulting continues to expand its footprint and service offerings, it remains well-positioned in the competitive landscape of engineering services.
In January, Bowman announced it has been selected to lead surveying and geospatial services with Glover Construction Co., supporting a large-scale, multi-year environmental closure and landfill development program in central Virginia. The contract represents Bowman’s first direct engagement with Glover, one of the largest mass excavation firms on the East Coast and highlights the company’s capabilities in the power and utilities sector.
The company was also awarded a multi-year contract by the Metropolitan Water Reclamation District of Greater Chicago (MWRD), one of the largest stormwater and wastewater treatment management agencies in the world, serving over 5.2 million residents across 883 square miles of Cook County, Illinois. Total construction costs are estimated at $30 million, under which Bowman will lead all aspects of the project.
Earnings & Analyst Outlook
Bowman Consulting Group is slated to provide its next financial update on March 4, 2026.
- EPS Estimate: 32 cents (Down from 71 cents)
- Revenue Estimate: $129.03 million (Up from $113.22 million)
- Valuation: P/E of 34.8x (Indicates premium valuation)
Consensus & Recent Actions
The stock carries a Buy Rating with an average price target of $42.31. Recent analyst moves include:
- JP Morgan: Initiated with Neutral (Target $40.00) (Jan. 9)
- Roth Capital: Buy (Raises Target to $50.00) (Dec. 9, 2025)
- B. Riley Securities: Buy (Raises Target to $55.00) (Aug. 29, 2025)
BWMN Price Action: Bowman Consulting Group shares were down 1.33% at $33.51 at the time of publication on Tuesday, according to Benzinga Pro data.
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