Swedbank AB Sells 66,400 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Swedbank AB decreased its stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 15.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 369,200 shares of the construction company's stock after selling 66,400 shares during the period. Swedbank AB owned 2.61% of Willdan Group worth $15,119,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. nVerses Capital LLC grew its holdings in shares of Willdan Group by 125.0% during the third quarter. nVerses Capital LLC now owns 900 shares of the construction company's stock worth $37,000 after purchasing an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Willdan Group in the third quarter valued at $44,000. ProShare Advisors LLC purchased a new stake in Willdan Group during the second quarter valued at about $48,000. Acadian Asset Management LLC lifted its stake in Willdan Group by 168.3% during the first quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company's stock worth $78,000 after purchasing an additional 1,725 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Willdan Group by 73.6% in the 1st quarter. Lazard Asset Management LLC now owns 6,800 shares of the construction company's stock worth $197,000 after purchasing an additional 2,882 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Willdan Group Stock Performance

Willdan Group stock traded down $0.25 during midday trading on Wednesday, reaching $42.87. 44,272 shares of the company traded hands, compared to its average volume of 104,557. Willdan Group, Inc. has a 12 month low of $17.23 and a 12 month high of $50.00. 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 business has a 50 day moving average of $43.31 and a two-hundred day moving average of $36.94. The firm has a market capitalization of $605.32 million, a price-to-earnings ratio of 26.45 and a beta of 1.39.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wedbush reissued an "outperform" rating and issued a $51.00 target price on shares of Willdan Group in a research note on Monday, November 4th. Roth Mkm lifted their price target on shares of Willdan Group from $34.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Finally, StockNews.com downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 9th.

Insider Buying and Selling at Willdan Group

In other news, CEO Michael A. Bieber sold 1,804 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total value of $82,731.44. Following the transaction, the chief executive officer now owns 173,654 shares of the company's stock, valued at $7,963,772.44. This trade represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.80% of the company's stock.

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.