Rhumbline Advisers cut its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN – Free Report) by 3.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 19,406 shares of the construction company’s stock after selling 753 shares during the quarter. Rhumbline Advisers’ holdings in Willdan Group were worth $790,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in Willdan Group by 1,809.7% during the 1st quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company’s stock valued at $88,000 after purchasing an additional 2,045 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Willdan Group during the 4th quarter valued at $268,000. Squarepoint Ops LLC raised its stake in Willdan Group by 126.8% during the 4th quarter. Squarepoint Ops LLC now owns 11,280 shares of the construction company’s stock valued at $430,000 after acquiring an additional 6,306 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Willdan Group in the 4th quarter worth $375,000. Finally, Man Group plc raised its stake in shares of Willdan Group by 180.2% in the 4th quarter. Man Group plc now owns 31,924 shares of the construction company’s stock worth $1,216,000 after buying an additional 20,530 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on WLDN shares. Wall Street Zen cut Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 19th. Wedbush upgraded Willdan Group to a “strong-buy” rating in a report on Monday, March 10th.
View Our Latest Analysis on WLDN
Insiders Place Their Bets
In other news, CEO Michael A. Bieber sold 25,000 shares of Willdan Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $48.11, for a total value of $1,202,750.00. Following the completion of the sale, the chief executive officer now directly owns 200,981 shares in the company, valued at approximately $9,669,195.91. The trade was a 11.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Micah Chen sold 10,000 shares of Willdan Group stock in a transaction on Friday, May 16th. The shares were sold at an average price of $48.20, for a total value of $482,000.00. Following the completion of the transaction, the vice president now owns 38,502 shares in the company, valued at approximately $1,855,796.40. The trade was a 20.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,000 shares of company stock valued at $4,994,075. 8.60% of the stock is currently owned by corporate insiders.
Willdan Group Trading Down 2.1%
WLDN stock opened at $57.76 on Friday. The firm has a market cap of $837.52 million, a P/E ratio of 34.18 and a beta of 1.23. Willdan Group, Inc. has a 1-year low of $27.19 and a 1-year high of $59.37. The business’s 50 day moving average is $47.78 and its 200-day moving average is $41.32. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35.
About Willdan Group
(Free Report)
Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.
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