6,130 Shares in Willdan Group, Inc. $WLDN Acquired by Algert Global LLC

Key Points

• Algert Global LLC acquired a total of 6,130 shares of Willdan Group, valued at approximately $250,000, during the first quarter.
• Analysts have upgraded Willdan Group's stock rating, with Wedbush raising the price objective from $85.00 to $120.00 and Roth Capital increasing theirs from $62.00 to $103.00.
• Insider selling was significant, with Director Cynthia Downes selling 2,763 shares and Director Thomas Donald Brisbin selling 130,082 shares recently.

Algert Global LLC bought a new position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 6,130 shares of the construction company's stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Willdan Group by 77.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company's stock worth $6,468,000 after purchasing an additional 69,047 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Willdan Group by 136.0% in the 4th quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock worth $7,925,000 after acquiring an additional 119,888 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Willdan Group by 193.1% in the 1st quarter. Meeder Asset Management Inc. now owns 9,627 shares of the construction company's stock worth $392,000 after acquiring an additional 6,342 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Willdan Group by 358.0% in the 4th quarter. Deutsche Bank AG now owns 34,935 shares of the construction company's stock worth $1,331,000 after acquiring an additional 27,308 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Willdan Group by 34.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 24,002 shares of the construction company's stock worth $977,000 after acquiring an additional 6,125 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Willdan Group

In other news, Director Thomas Donald Brisbin sold 5,182 shares of Willdan Group stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $118.15, for a total value of $612,253.30. Following the completion of the sale, the director directly owned 70,696 shares in the company, valued at $8,352,732.40. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Wanda Kay Reder sold 850 shares of Willdan Group stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $119.46, for a total transaction of $101,541.00. Following the completion of the sale, the director owned 10,676 shares of the company's stock, valued at $1,275,354.96. This represents a 7.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 399,141 shares of company stock valued at $43,089,466. Company insiders own 8.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WLDN shares. Zacks Research upgraded shares of Willdan Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Roth Capital reiterated a "buy" rating and issued a $103.00 price target (up from $62.00) on shares of Willdan Group in a research note on Tuesday, August 5th. Finally, Wedbush increased their price target on shares of Willdan Group from $85.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $111.50.

Willdan Group Stock Performance

Shares of NASDAQ:WLDN traded down $0.08 during midday trading on Thursday, reaching $116.18. 400,277 shares of the company's stock traded hands, compared to its average volume of 593,973. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 48.61 and a beta of 1.31. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.43 and a current ratio of 1.43. Willdan Group, Inc. has a one year low of $30.43 and a one year high of $121.00. The stock has a 50 day moving average of $86.70 and a 200 day moving average of $57.86.

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.