Bowman Consulting Group Ltd. (NASDAQ:BWMN) Expands Share Repurchase Program

• Bowman Consulting Group Ltd. (NASDAQ:BWMN) has increased its share repurchase program from $25 million to $35 million, with about $16 million still available for repurchases.
• Director Riddick Stephen A sold 2,288 shares at $28.60 each, leaving him with 20,248 shares of the company.
• The company's stock has seen fluctuations over the past year, with a high of $42.90 and a low of $19.93, indicating active investor interest.

Bowman Consulting Group Ltd. (NASDAQ:BWMN) is a national engineering services firm that provides a range of services including planning, engineering, and consulting. The company is listed on the NASDAQ and has a market capitalization of approximately $496.8 million. Bowman competes with other engineering firms in the industry, focusing on both organic growth and strategic acquisitions to enhance its market position.

On December 6, 2024, Riddick Stephen A, a director at Bowman, sold 2,288 shares of the company's common stock at $28.60 each. This transaction left him with 20,248 shares. The sale price aligns with the stock's high for the day, which ranged from $27.74 to $28.60. The current stock price of $28.34 reflects a slight increase of 0.25% or $0.07.

Bowman has announced an increase in its share repurchase program, expanding it from $25 million to $35 million. With approximately $16 million still available, the program is set to conclude on July 31, 2025. The timing and volume of repurchases will depend on factors like share price and market conditions, as highlighted by the company's management.

The share repurchase program allows Bowman to buy back its own shares, potentially increasing the value of remaining shares. Repurchases can occur through various methods, including open market purchases and privately negotiated transactions. This strategy supports Bowman's focus on capital allocation priorities and enhancing shareholder value.

Bowman's stock has experienced fluctuations over the past year, with a high of $42.90 and a low of $19.93. Today's trading volume is 64,404 shares, indicating active investor interest. The company's strategic initiatives, including the share repurchase program, aim to strengthen its financial position and support long-term growth.