Geode Capital Management LLC Buys 27,056 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Geode Capital Management LLC lifted its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 9.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 326,306 shares of the company's stock after acquiring an additional 27,056 shares during the period. Geode Capital Management LLC owned about 1.86% of Bowman Consulting Group worth $7,859,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BWMN. Quantbot Technologies LP grew its position in Bowman Consulting Group by 115.6% during the 3rd quarter. Quantbot Technologies LP now owns 3,893 shares of the company's stock worth $94,000 after purchasing an additional 2,087 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Bowman Consulting Group in the second quarter worth $96,000. Acorn Financial Advisory Services Inc. ADV purchased a new position in shares of Bowman Consulting Group during the third quarter valued at $217,000. Cubist Systematic Strategies LLC acquired a new position in Bowman Consulting Group during the second quarter valued at $404,000. Finally, Rhumbline Advisers lifted its stake in Bowman Consulting Group by 34.5% in the 2nd quarter. Rhumbline Advisers now owns 15,830 shares of the company's stock worth $503,000 after acquiring an additional 4,060 shares in the last quarter. Institutional investors and hedge funds own 63.20% of the company's stock.

Insider Activity at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 1,444 shares of Bowman Consulting Group stock in a transaction on Friday, October 18th. The shares were sold at an average price of $22.09, for a total value of $31,897.96. Following the transaction, the insider now owns 196,888 shares in the company, valued at $4,349,255.92. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen A. Riddick sold 2,288 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $28.60, for a total transaction of $65,436.80. Following the sale, the director now owns 20,248 shares of the company's stock, valued at $579,092.80. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,788 shares of company stock valued at $120,641. 20.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their target price on Bowman Consulting Group from $29.00 to $27.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Bowman Consulting Group presently has an average rating of "Buy" and an average target price of $39.70.

Bowman Consulting Group Stock Up 2.8 %

NASDAQ BWMN traded up $0.71 on Friday, reaching $25.66. The stock had a trading volume of 43,249 shares, compared to its average volume of 48,025. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. Bowman Consulting Group Ltd. has a 1 year low of $19.92 and a 1 year high of $42.90. The business has a 50 day moving average price of $25.24 and a 200 day moving average price of $26.40. The company has a market capitalization of $449.82 million, a price-to-earnings ratio of -32.48 and a beta of 1.26.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.