Bowman Consulting Group is contracted to provide engineering services for a US 30 improvement project in Morrison, Illinois.
Quiver AI Summary
Bowman Consulting Group Ltd. has been awarded a contract by the Illinois Department of Transportation to provide preliminary engineering services and prepare an environmental impact statement for the improvement of US 30 in Morrison, Illinois. This contract marks Bowman's first venture into Region Two/District Two of IDOT, expanding its existing relationship with the agency. The project, which is valued at $15.2 million, involves modernizing infrastructure along the historic Lincoln Highway, including road widening, drainage upgrades, and enhancements for pedestrian and bicycle access. Bowman aims to leverage this opportunity to increase its market share in Illinois and underscores its commitment to delivering multi-phase infrastructure projects.
Potential Positives
- Bowman Consulting Group has secured a significant contract with the Illinois Department of Transportation to provide preliminary engineering services, signaling a successful expansion into a new district.
- This project includes the preparation of an environmental impact statement for the improvement of US 30, indicating Bowman’s involvement in a major multi-phase infrastructure initiative.
- The contract showcases Bowman's strong track record and capability in delivering complex infrastructure projects, reinforcing confidence from state agencies in their ability to manage full project lifecycles.
- The project aims to modernize outdated infrastructure and enhance community facilities, addressing local concerns such as congestion, pedestrian accessibility, and flooding, which can positively impact the company's public image and community relations.
Potential Negatives
- None
FAQ
What services is Bowman Consulting providing for IDOT?
Bowman Consulting is providing preliminary engineering services, including the preparation of an environmental impact statement, for US 30 improvements.
How will the US 30 project impact the City of Morrison?
The project aims to modernize infrastructure and address congestion, pedestrian accommodations, and local flooding in Morrison.
What is the budget for the US 30 reconstruction project?
The budget for the US 30 reconstruction project is approximately $15.2 million.
How does this contract benefit Bowman's market presence?
This contract expands Bowman's presence in new IDOT districts, providing opportunities to grow their market share in Illinois.
What is the timeline for the US 30 improvements?
The project is a multi-year initiative that will advance through various phases, starting with preliminary engineering services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BWMN Insider Trading Activity
$BWMN insiders have traded $BWMN stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $BWMN stock by insiders over the last 6 months:
- ROBERT ALAN HICKEY (Chief Legal Officer) has made 0 purchases and 4 sales selling 12,500 shares for an estimated $318,952.
- PATRICIA MULROY has made 0 purchases and 2 sales selling 800 shares for an estimated $22,608.
- STEPHEN A RIDDICK sold 224 shares for an estimated $6,406
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$BWMN Hedge Fund Activity
We have seen 60 institutional investors add shares of $BWMN stock to their portfolio, and 48 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PERRITT CAPITAL MANAGEMENT INC added 679,298 shares (+2740.2%) to their portfolio in Q2 2025, for an estimated $19,529,817
- WASATCH ADVISORS LP removed 234,320 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $5,115,205
- SWEDBANK AB added 216,492 shares (+108.2%) to their portfolio in Q2 2025, for an estimated $6,224,145
- BLACKROCK, INC. removed 124,438 shares (-7.7%) from their portfolio in Q2 2025, for an estimated $3,577,592
- ROYCE & ASSOCIATES LP removed 117,140 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $2,557,166
- GRANDEUR PEAK GLOBAL ADVISORS, LLC removed 110,927 shares (-70.8%) from their portfolio in Q2 2025, for an estimated $3,189,151
- BANK OF AMERICA CORP /DE/ removed 103,668 shares (-81.7%) from their portfolio in Q2 2025, for an estimated $2,980,455
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$BWMN Analyst Ratings
Wall Street analysts have issued reports on $BWMN in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Baird issued a "Outperform" rating on 05/08/2025
- B of A Securities issued a "Buy" rating on 03/12/2025
To track analyst ratings and price targets for $BWMN, check out Quiver Quantitative's $BWMN forecast page.
$BWMN Price Targets
Multiple analysts have issued price targets for $BWMN recently. We have seen 3 analysts offer price targets for $BWMN in the last 6 months, with a median target of $30.5.
Here are some recent targets:
- Alex Rygiel from B. Riley Securities set a target price of $43.0 on 07/16/2025
- Andrew Wittmann from Baird set a target price of $29.0 on 05/08/2025
- Sherif El-Sabbahy from B of A Securities set a target price of $30.5 on 03/12/2025
Full Release
RESTON, Va., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm, has been selected by the Illinois Department of Transportation (IDOT) to provide preliminary engineering services, including the preparation of an environmental impact statement (EIS) for the improvement of US 30 in the City of Morrison, Illinois.
This assignment extends Bowman’s reach within IDOT and represents the first contract win within Region Two/District Two. Bowman has a strong track record of delivering complex infrastructure projects across Illinois, including along the I-80 and I-55 corridors. By providing early-stage engineering services for US 30, Bowman is well positioned for future assignments as the multi-year project moves forward.
“Breaking into new IDOT districts opens the door to future opportunities to expand our market share in Illinois,” said Gary Bowman, founder and CEO of Bowman. “This award also reinforces our focus on building a durable revenue base through multi-phase infrastructure programs and reflects the confidence agencies like IDOT place in our ability to deliver across the full project lifecycle.”
The phase 1 scope includes the reconstruction of US 30 along portions of the historic Lincoln Highway, including two historic districts within the City of Morrison. The project will include an EIS following extensive public and stakeholder involvement and complex geometrics to address congestion, pedestrian accommodations and local flooding concerns.
The US 30 reconstruction will modernize outdated roadway and drainage infrastructure dating back to the 1930s. Proposed improvements for the $15.2 million project include roadway widening, turn lanes, drainage and culvert upgrade, ADA-compliant pedestrian facilities and new bicycle accommodations.
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure, technology and project management solutions to customers who own, develop and maintain the built environment. With over 2,400 employees in more than 100 locations throughout the United States, Bowman provides extensive planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit
bowman.com
or
investors.bowman.com
.
General Media Contact:
Christina Nichols
[email protected]
Investor Relations Contact:
Betsy Patterson
[email protected]