Bowman Consulting(BWMN) Shares Soar 1.31% on $25M Buyback

Bowman Consulting(BWMN) shares surged 1.31% today, marking the fifth consecutive day of gains, with a 7.70% increase over the past five days. The stock price reached its highest level since August 2024, with an intraday gain of 7.88%.

The strategy of buying BWMN shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 9.83% gain. This suggests a relatively conservative approach, suitable for investors seeking stability rather than high risk-adjusted returns.

Bowman Consulting Group has announced a new $25 million share repurchase program, authorized by its Board of Directors, set to begin on June 9, 2025. This program replaces the company's previous stock repurchase plan, which ended on June 6, 2025. The new buyback initiative coincides with the release of Bowman's first-quarter 2025 earnings, which showed a significant revenue increase that surpassed forecasts. This strategic move is expected to have a positive impact on Bowman's stock price as it reflects the company's continued commitment to growth through both organic and acquisitive means.