JPMorgan Chase & Co. Raises Stock Position in Willdan Group, Inc. (NASDAQ:WLDN)

JPMorgan Chase & Co. increased its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 82.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,586 shares of the construction company's stock after buying an additional 34,699 shares during the period. JPMorgan Chase & Co. owned about 0.54% of Willdan Group worth $3,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of WLDN. Lord Abbett & CO. LLC bought a new position in shares of Willdan Group in the 3rd quarter worth $15,608,000. Dimensional Fund Advisors LP grew its stake in Willdan Group by 14.6% in the second quarter. Dimensional Fund Advisors LP now owns 324,145 shares of the construction company's stock valued at $9,351,000 after purchasing an additional 41,367 shares during the last quarter. Geode Capital Management LLC raised its holdings in Willdan Group by 0.5% in the third quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company's stock worth $12,075,000 after purchasing an additional 1,514 shares in the last quarter. State Street Corp lifted its position 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. Finally, Essex Investment Management Co. LLC boosted its holdings in shares of Willdan Group by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 155,761 shares of the construction company's stock valued at $6,378,000 after buying an additional 538 shares in the last quarter. Institutional investors own 72.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WLDN. Wedbush reiterated an "outperform" rating and set a $51.00 price objective on shares of Willdan Group in a research note on Monday, November 4th. StockNews.com lowered Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 9th.

Willdan Group Stock Performance

WLDN stock traded up $0.10 during trading on Monday, reaching $38.09. The company had a trading volume of 53,679 shares, compared to its average volume of 112,356. The company has a market cap of $537.83 million, a price-to-earnings ratio of 23.37 and a beta of 1.38. Willdan Group, Inc. has a twelve month low of $18.15 and a twelve month high of $50.00. 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 firm has a 50-day simple moving average of $40.49 and a 200-day simple moving average of $39.37.

Insider Activity at Willdan Group

In related news, CEO Michael A. Bieber sold 1,804 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 in the company, 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 Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $187,572.37. Following the sale, the chief financial officer now owns 69,146 shares of the company's stock, valued at approximately $2,982,266.98. The trade was a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,787 shares of company stock valued at $936,061 in the last ninety days. Company 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.