Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Swedbank AB

Swedbank AB lessened its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 15.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 310,600 shares of the construction company's stock after selling 58,600 shares during the quarter. Swedbank AB owned approximately 2.20% of Willdan Group worth $11,831,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WLDN. Lord Abbett & CO. LLC acquired a new stake in shares of Willdan Group during the 3rd quarter worth about $15,608,000. Franklin Resources Inc. acquired a new stake in Willdan Group during the third quarter worth approximately $351,000. Geode Capital Management LLC lifted its position in shares of Willdan Group by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company's stock worth $12,075,000 after buying an additional 1,514 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of 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 buying an additional 12,304 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Willdan Group by 82.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,586 shares of the construction company's stock worth $3,136,000 after acquiring an additional 34,699 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Willdan Group Stock Performance

WLDN traded up $0.11 on Tuesday, hitting $35.22. 60,849 shares of the company traded hands, compared to its average volume of 100,309. The company has a 50 day moving average of $39.23 and a 200-day moving average of $39.81. Willdan Group, Inc. has a 12-month low of $18.55 and a 12-month high of $50.00. The stock has a market capitalization of $497.31 million, a PE ratio of 21.65 and a beta of 1.37. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

In other news, CEO Michael A. Bieber sold 1,804 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total transaction of $82,731.44. Following the completion of the transaction, the chief executive officer now directly owns 173,654 shares of the company's stock, valued at approximately $7,963,772.44. This represents a 1.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Creighton K. Early sold 4,349 shares of Willdan Group stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $43.13, for a total value of $187,572.37. Following the completion of the sale, the chief financial officer now owns 69,146 shares in the company, valued at approximately $2,982,266.98. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,787 shares of company stock valued at $936,061 over the last three months. 9.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WLDN shares. StockNews.com downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 9th. Wedbush restated an "outperform" rating and set a $51.00 price target on shares of Willdan Group in a research note on Monday, November 4th.

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.