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RESTON, Va. - Bowman Consulting Group Ltd. (NASDAQ: BWMN), an engineering services firm with a market capitalization of $373 million, today announced the addition of Virginia L. Grebbien to its Board of Directors. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value estimate. Grebbien, who brings over three decades of experience in the water sector, will assume her role as an independent director on May 23, 2025. Her appointment is set to fill an existing vacancy on the board, and she is expected to contribute to the compensation and nominating and corporate governance committees.
Grebbien’s career includes significant tenure at Parsons Corporation (NYSE: PSN), where she held various executive positions and played a key role in the company’s transformation into a global digital technology entity. Her leadership was pivotal during Parsons’ initial public offering in 2019. She retired from her corporate roles at Parsons in 2021.
Gary Bowman, chairman and CEO of Bowman, highlighted Grebbien’s leadership in technology, natural resources, and public policy as valuable assets that will complement the existing board’s expertise. He expressed confidence in her strategic insights and governance experience contributing to Bowman’s ongoing innovation and growth.
Grebbien’s professional background also encompasses leadership roles in several Southern California water management agencies and a three-year stint at private equity firm Warburg Pincus. Her work has significantly influenced infrastructure projects, public policy, and sustainable water solutions. Additionally, Grebbien has served on several boards, including the WaterReuse Association and the Santa Ana Watershed Project Authority.
A registered professional engineer in California, Grebbien holds a civil engineering degree from California State Polytechnic University, Pomona.
Bowman Consulting, headquartered in Reston, Virginia, operates across the United States with over 2,300 employees. The firm offers a broad range of services including planning, engineering, geospatial, and environmental consulting, primarily catering to customers in regulated markets. The company has demonstrated strong performance with impressive gross profit margins of 52.2% and revenue growth of 23.2% in the last twelve months. InvestingPro subscribers can access additional insights, including 8 more key tips about BWMN’s financial health and growth prospects. Bowman is publicly traded on the Nasdaq stock market under the ticker BWMN.
This appointment is based on a press release statement from Bowman Consulting Group. Analysts maintain a positive outlook on the company, with price targets ranging from $28 to $43 per share. For detailed analysis and comprehensive financial metrics, investors can access the full Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with deep-dive analysis and actionable insights.
In other recent news, Bowman Consulting Group Ltd. reported stronger-than-expected financial results for the fourth quarter of 2024, with earnings per share of $0.33, surpassing the forecasted $0.24, and revenue of $98.6 million, exceeding the projected $97.85 million. Additionally, the company secured two water resource contracts in Colorado valued at $3.8 million, reflecting its strategic expansion in the water/wastewater sector. Bowman also landed a $2.2 million contract to design ADA-compliant curb ramps in Philadelphia, furthering its involvement in enhancing pedestrian accessibility. DA Davidson adjusted Bowman’s stock price target to $32.00 from $34.00, maintaining a Buy rating, citing broader market shifts affecting valuation benchmarks. The firm’s expertise in infrastructure projects has been reinforced by its recent contract wins and ongoing projects. Bowman continues to focus on strategic mergers and acquisitions, although its M&A activities have slowed recently. The company remains committed to organic growth and margin expansion, supported by its robust liquidity.
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