Whittier Trust Co. Acquires New Position in Willdan Group, Inc. (NASDAQ:WLDN)

Whittier Trust Co. bought a new position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 16,836 shares of the construction company's stock, valued at approximately $641,000. Whittier Trust Co. owned 0.12% of Willdan Group as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of WLDN. Lord Abbett & CO. LLC purchased a new position in shares of Willdan Group during the third quarter valued at approximately $15,608,000. JPMorgan Chase & Co. boosted its holdings in Willdan Group by 82.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,586 shares of the construction company's stock valued at $3,136,000 after acquiring an additional 34,699 shares during the period. Ausbil Investment Management Ltd grew its position in Willdan Group by 341.2% in the 4th quarter. Ausbil Investment Management Ltd now owns 37,910 shares of the construction company's stock valued at $1,463,000 after acquiring an additional 29,318 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Willdan Group by 364.5% during the third quarter. BNP Paribas Financial Markets now owns 25,139 shares of the construction company's stock worth $1,029,000 after purchasing an additional 19,727 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Willdan Group by 23.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 89,354 shares of the construction company's stock valued at $3,397,000 after purchasing an additional 16,832 shares during the period. Institutional investors own 72.29% of the company's stock.

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Insiders Place Their Bets

In other Willdan Group news, Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total value of $89,101.60. Following the transaction, the director now directly owns 12,767 shares of the company's stock, valued at approximately $500,466.40. The trade was a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.80% of the stock is currently owned by corporate insiders.

Willdan Group Stock Down 0.9 %

Shares of NASDAQ:WLDN traded down $0.37 on Thursday, reaching $41.28. The company had a trading volume of 93,484 shares, compared to its average volume of 126,176. 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 firm has a market capitalization of $594.76 million, a PE ratio of 25.33 and a beta of 1.41. Willdan Group, Inc. has a 52-week low of $25.91 and a 52-week high of $50.00. The firm's 50 day simple moving average is $36.69 and its 200-day simple moving average is $39.85.

Analysts Set New Price Targets

WLDN has been the subject of a number of research reports. StockNews.com lowered Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Wedbush upgraded Willdan Group to a "strong-buy" rating in a report on Monday, March 10th.

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.