Bowman Consulting Group Secures $11.2 Million in USDA Aerial Imagery Awards

Bowman Consulting secured $11.2 million in aerial acquisition awards from USDA for geospatial data across 38 states.

Quiver AI Summary

Bowman Consulting Group Ltd. has secured $11.2 million in new aerial acquisition contracts through the USDA’s Production Imagery for the National Environment (PINE) Blanket Purchase Agreement. These three awards involve aerial data acquisition and processing for nearly 8.3 million acres under the National Resources Inventory and 3.8 million acres for the Stewardship Lands Inventory across 38 states. This new contract more than doubles Bowman's previous contract value and area coverage, thanks to enhanced fleet capacity and sensor technology. The projects are to be completed by 2026 and demonstrate Bowman's ability to efficiently undertake larger federal geospatial tasks, addressing the growing demand for high-resolution geospatial data. The company is approved for all five USDA PINE aerial imagery programs, enhancing its position as a key provider in the federal geospatial market.

Potential Positives

Bowman Consulting Group has secured $11.2 million in new contracts under the USDA’s PINE program, significantly enhancing its financial position.
The new awards more than double the company’s previous contract value and coverage area, indicating strong growth potential.
The company's ability to acquire all five aerial imagery programs under the USDA contract distinguishes it from competitors, suggesting a strong market position.
The press release emphasizes Bowman's advanced technology and fleet capacity, positioning the company to efficiently manage larger federal geospatial assignments.

Potential Negatives

The press release does not address any potential risks or challenges associated with the execution of the large contracts, which might raise concerns about the company's ability to handle the increased workload.
There is no mention of the financial stability of the company beyond the awarded contracts, leaving uncertainty about overall fiscal health.
Bowman's reliance on government contracts may expose the company to vulnerability if federal funding cuts occur in the future.

FAQ

What is the total value of the new awards secured by Bowman Consulting Group?

Bowman Consulting Group has secured $11.2 million in new aerial acquisition awards.

What programs are included in the USDA's PINE Blanket Purchase Agreement?

The programs include the National Resources Inventory (NRI), National Agriculture Imagery Program (NAIP), and Stewardship Lands Inventory (SLI).

How much land will Bowman acquire data for under these new awards?

Bowman will acquire data for approximately 8.3 million acres of NRI sites and 3.8 million SL easement acres.

When is the expected completion date for the awarded projects?

All work related to the awards is expected to be completed in 2026.

What differentiates Bowman from other contractors in the federal geospatial market?

Bowman is approved to participate in all five aerial imagery programs under the USDA’s PINE contract, a competitive distinction.

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 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $BWMN stock by insiders over the last 6 months:

GARY BOWMAN (Chief Executive Officer) has made 0 purchases and 6 sales selling 60,000 shares for an estimated $1,974,060.
VIRGINIA LEE GREBBIEN sold 7,500 shares for an estimated $237,375
RAYMOND JR. VICKS sold 1,230 shares for an estimated $41,011

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$BWMN Revenue

$BWMN had revenues of $126.5M in Q1 2026. This is an increase of 12.0% from the same period in the prior year.

You can track BWMN financials on Quiver Quantitative's BWMN stock page.

You can access data on BWMN stock through the Quiver Quantitative API.

$BWMN Hedge Fund Activity

We have seen 71 institutional investors add shares of $BWMN stock to their portfolio, and 69 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. removed 553,436 shares (-35.9%) from their portfolio in Q1 2026, for an estimated $15,739,719
PEMBROKE MANAGEMENT, LTD removed 387,990 shares (-88.3%) from their portfolio in Q1 2026, for an estimated $11,034,435
BANK OF AMERICA CORP /DE/ removed 250,825 shares (-61.6%) from their portfolio in Q1 2026, for an estimated $7,133,463
MILL ROAD CAPITAL MANAGEMENT LLC added 210,333 shares (+inf%) to their portfolio in Q1 2026, for an estimated $5,981,870
ALLIANCEBERNSTEIN L.P. removed 177,189 shares (-94.2%) from their portfolio in Q1 2026, for an estimated $5,039,255
CITADEL ADVISORS LLC added 117,170 shares (+inf%) to their portfolio in Q1 2026, for an estimated $3,332,314
RUSSELL INVESTMENTS GROUP, LTD. added 102,898 shares (+79.2%) to their portfolio in Q1 2026, for an estimated $2,926,419

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$BWMN Price Targets

Multiple analysts have issued price targets for $BWMN recently. We have seen 2 analysts offer price targets for $BWMN in the last 6 months, with a median target of $38.5.

Here are some recent targets:

Tomohiko Sano from JP Morgan set a target price of $40.0 on 05/08/2026
Andrew Wittmann from Baird set a target price of $37.0 on 03/06/2026

Full Release

RESTON, Va., June 24, 2026 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm, has secured $11.2 million in new aerial acquisition awards under the U.S. Department of Agriculture’s (USDA) Production Imagery for the National Environment (PINE) Blanket Purchase Agreement.

The three awards span the National Resources Inventory (NRI), National Agriculture Imagery Program (NAIP) and Stewardship Lands Inventory (SLI) programs. Together, the assignments include aerial data acquisition and processing for approximately 8.3 million acres of NRI sites and 3.8 million SL easement acres across 38 states, including full statewide imagery collection for eight NAIP states. The expanded scope more than doubles Bowman’s prior-cycle contract value and coverage area, supported by expanded fleet capacity and advanced sensor technology. With all work expected to be completed in 2026, the awards reinforce Bowman’s ability to convert organic investments in fleet capacity and sensor technology into larger federal geospatial assignments.

“The size and scope of these awards validate the investments we have made in fleet capacity, sensor technology and program execution,” said Gary Bowman, founder and CEO of Bowman. “We are now positioned to execute larger programs more efficiently and at broader scale, reinforcing our role as a trusted provider of federal geospatial solutions. We believe demand for high-resolution geolocated data will continue to grow, and with capture precision of as little as five millimeters, Bowman is well positioned to support that need.”

Bowman is approved to participate in all five aerial imagery programs included within the USDA’s PINE contract vehicle, a competitive distinction held by a limited number of contractors serving the federal geospatial market. NRI and NAIP programs primarily focus on site-based imagery acquisition, while the SLI program supports conservation easement monitoring and broader land stewardship initiatives. Under PINE, the USDA aims to standardize and procure high-resolution, aerial imagery and geospatial data that support the initiatives of its five programs.

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 2,500 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 .

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