Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 28.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,574 shares of the construction company's stock after selling 13,038 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.23% of Willdan Group worth $1,241,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Navellier & Associates Inc. boosted its holdings in shares of Willdan Group by 4.4% in the 4th quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company's stock valued at $311,000 after acquiring an additional 341 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Willdan Group by 2.4% in the 4th quarter. Inspire Investing LLC now owns 21,390 shares of the construction company's stock valued at $815,000 after acquiring an additional 501 shares during the last quarter. Rhumbline Advisers boosted its holdings in Willdan Group by 2.9% during the fourth quarter. Rhumbline Advisers now owns 20,159 shares of the construction company's stock worth $768,000 after buying an additional 562 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Willdan Group during the third quarter worth $26,000. Finally, Principal Financial Group Inc. boosted its holdings in Willdan Group by 9.0% during the fourth quarter. Principal Financial Group Inc. now owns 8,207 shares of the construction company's stock worth $313,000 after buying an additional 677 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the sale, the director now directly owns 12,767 shares in the company, valued at approximately $500,466.40. This trade represents a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wedbush raised shares of Willdan Group to a "strong-buy" rating in a report on Monday, March 10th. StockNews.com downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday.

Willdan Group Price Performance

NASDAQ:WLDN traded down $1.10 during trading hours on Friday, reaching $41.96. 323,257 shares of the company were exchanged, compared to its average volume of 126,348. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. The stock's 50-day moving average is $36.38 and its 200-day moving average is $39.77. The firm has a market cap of $604.56 million, a PE ratio of 25.74 and a beta of 1.41. Willdan Group, Inc. has a twelve month low of $25.91 and a twelve month high of $50.00.

Willdan Group Company 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.