Willdan Group, Inc. (NASDAQ:WLDN) Holdings Cut by Legato Capital Management LLC

Legato Capital Management LLC trimmed its position in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,129 shares of the construction company's stock after selling 12,648 shares during the period. Legato Capital Management LLC owned approximately 0.29% of Willdan Group worth $1,567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WLDN. Lord Abbett & CO. LLC acquired a new stake in Willdan Group in the 3rd quarter valued at $15,608,000. JPMorgan Chase & Co. increased its holdings in Willdan Group by 82.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 76,586 shares of the construction company's stock valued at $3,136,000 after purchasing an additional 34,699 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Willdan Group in the 3rd quarter valued at $351,000. Geode Capital Management LLC increased its holdings in Willdan Group by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company's stock valued at $12,075,000 after purchasing an additional 1,514 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in Willdan Group by 28.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 54,902 shares of the construction company's stock valued at $2,248,000 after purchasing an additional 12,304 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Willdan Group Stock Down 1.3 %

NASDAQ WLDN traded down $0.46 during trading hours on Friday, hitting $34.28. The company had a trading volume of 63,572 shares, compared to its average volume of 101,004. The firm's 50 day moving average is $37.72 and its 200 day moving average is $39.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $484.03 million, a price-to-earnings ratio of 21.03 and a beta of 1.37. Willdan Group, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $50.00.

Insider Activity

In other news, Director Thomas Donald Brisbin sold 7,700 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $43.45, for a total transaction of $334,565.00. Following the completion of the sale, the director now directly owns 406,704 shares in the company, valued at $17,671,288.80. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Creighton K. Early sold 4,349 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $43.13, for a total value of $187,572.37. Following the sale, the chief financial officer now owns 69,146 shares of the company's stock, valued at $2,982,266.98. This represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,983 shares of company stock worth $853,329 over the last ninety days. Corporate insiders own 9.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wedbush reiterated an "outperform" rating and issued a $51.00 price target on shares of Willdan Group in a report on Monday, November 4th.

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.