Alliancebernstein L.P. Buys New Position in Willdan Group, Inc. (NASDAQ:WLDN)

Alliancebernstein L.P. acquired a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 62,732 shares of the construction company's stock, valued at approximately $2,389,000. Alliancebernstein L.P. owned approximately 0.44% of Willdan Group as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Willdan Group by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company's stock worth $28,643,000 after purchasing an additional 50,262 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Willdan Group in the 3rd quarter worth approximately $15,608,000. Summit Creek Advisors LLC grew its stake in shares of Willdan Group by 1.7% in the 4th quarter. Summit Creek Advisors LLC now owns 365,153 shares of the construction company's stock worth $13,909,000 after buying an additional 6,119 shares during the last quarter. Geode Capital Management LLC increased its position in Willdan Group by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company's stock valued at $12,075,000 after buying an additional 1,514 shares in the last quarter. Finally, State Street Corp raised its stake in Willdan Group by 2.6% during the third quarter. State Street Corp now owns 240,265 shares of the construction company's stock valued at $9,839,000 after buying an additional 6,178 shares during the last quarter. Institutional investors own 72.29% of the company's stock.

Insider Buying and Selling at Willdan Group

In other news, Director Mohammad Shahidehpour sold 2,273 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the transaction, the director now directly owns 12,767 shares of the company's stock, valued at $500,466.40. This represents a 15.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 9.80% of the company's stock.

Willdan Group Stock Down 4.1 %

Shares of Willdan Group stock traded down $1.58 on Monday, reaching $36.90. The company's stock had a trading volume of 33,655 shares, compared to its average volume of 131,930. The company has a market capitalization of $531.66 million, a price-to-earnings ratio of 22.64 and a beta of 1.12. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a 52 week low of $26.58 and a 52 week high of $50.00. The firm's fifty day simple moving average is $37.65 and its two-hundred day simple moving average is $39.79.

Wall Street Analysts Forecast Growth

WLDN has been the subject of several analyst reports. StockNews.com downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Wedbush upgraded shares of Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th.

Willdan Group Profile

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.