Vanguard Group Inc. Grows Position in Willdan Group, Inc. (NASDAQ:WLDN)

Vanguard Group Inc. raised its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 751,985 shares of the construction company's stock after acquiring an additional 50,262 shares during the period. Vanguard Group Inc. owned about 5.33% of Willdan Group worth $28,643,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Lord Abbett & CO. LLC bought a new position in shares of Willdan Group during the 3rd quarter valued at $15,608,000. Geode Capital Management LLC boosted its position in Willdan Group by 0.5% during the third quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company's stock valued at $12,075,000 after buying an additional 1,514 shares during the period. State Street Corp grew its stake in shares of Willdan Group by 2.6% during the third quarter. State Street Corp now owns 240,265 shares of the construction company's stock valued at $9,839,000 after buying an additional 6,178 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Willdan Group by 23.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 89,354 shares of the construction company's stock worth $3,397,000 after buying an additional 16,832 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 acquiring an additional 34,699 shares during the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Willdan Group Trading Down 0.3 %

Shares of NASDAQ WLDN traded down $0.11 during trading hours on Friday, hitting $38.48. The company's stock had a trading volume of 98,487 shares, compared to its average volume of 132,319. Willdan Group, Inc. has a 12 month low of $26.58 and a 12 month high of $50.00. The stock has a market cap of $554.42 million, a price-to-earnings ratio of 23.61 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. The business has a 50-day simple moving average of $37.65 and a 200-day simple moving average of $39.80.

Insider Transactions at Willdan Group

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the transaction, the director now owns 12,767 shares in the company, valued at $500,466.40. This represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WLDN shares. StockNews.com cut Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th. Wedbush upgraded shares of 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.