Ausbil Investment Management Ltd Acquires 29,318 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Ausbil Investment Management Ltd boosted its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 341.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,910 shares of the construction company's stock after acquiring an additional 29,318 shares during the period. Ausbil Investment Management Ltd owned approximately 0.27% of Willdan Group worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WLDN. Quantbot Technologies LP acquired a new position in shares of Willdan Group during the third quarter worth about $26,000. nVerses Capital LLC boosted its position in Willdan Group by 125.0% during the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company's stock worth $37,000 after acquiring an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Willdan Group during the 3rd quarter worth approximately $44,000. ProShare Advisors LLC acquired a new stake in shares of Willdan Group in the second quarter valued at approximately $48,000. Finally, FMR LLC lifted its position in shares of Willdan Group by 343.6% in the third quarter. FMR LLC now owns 3,935 shares of the construction company's stock worth $161,000 after purchasing an additional 3,048 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Willdan Group

In other news, Director Thomas Donald Brisbin sold 7,700 shares of Willdan Group stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $41.69, for a total transaction of $321,013.00. Following the completion of the transaction, the director now directly owns 422,104 shares in the company, valued at approximately $17,597,515.76. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael A. Bieber sold 1,804 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $45.86, for a total value of $82,731.44. Following the completion of the sale, the chief executive officer now owns 173,654 shares in the company, valued at approximately $7,963,772.44. This trade represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,787 shares of company stock worth $936,061 in the last ninety days. Insiders own 9.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WLDN. StockNews.com downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 9th. Wedbush reaffirmed an "outperform" rating and issued a $51.00 target price on shares of Willdan Group in a research report on Monday, November 4th.

Willdan Group Stock Up 0.4 %

Shares of NASDAQ:WLDN traded up $0.15 during midday trading on Tuesday, hitting $35.26. The stock had a trading volume of 73,103 shares, compared to its average volume of 100,718. The company has a market cap of $497.87 million, a P/E ratio of 21.61 and a beta of 1.37. Willdan Group, Inc. has a 12 month low of $18.55 and a 12 month high of $50.00. The business's 50-day simple moving average is $39.23 and its 200-day simple moving average is $39.81. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37.

About Willdan Group

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.