Bank of America Corp DE Increases Stock Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Bank of America Corp DE raised its stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 116.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,843 shares of the construction company's stock after buying an additional 11,770 shares during the quarter. Bank of America Corp DE owned about 0.15% of Willdan Group worth $832,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WLDN. Farther Finance Advisors LLC acquired a new stake in Willdan Group in the 4th quarter valued at approximately $40,000. Tower Research Capital LLC TRC boosted its position in shares of Willdan Group by 470.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock worth $64,000 after buying an additional 1,387 shares during the period. Legal & General Group Plc grew its stake in shares of Willdan Group by 26.4% in the fourth quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock valued at $99,000 after buying an additional 542 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Willdan Group in the 4th quarter valued at $125,000. Finally, Quantbot Technologies LP lifted its stake in Willdan Group by 626.5% during the 4th quarter. Quantbot Technologies LP now owns 4,526 shares of the construction company's stock worth $172,000 after acquiring an additional 3,903 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Insider Transactions at Willdan Group

In other Willdan Group news, Director Thomas Donald Brisbin sold 22,459 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $52.34, for a total value of $1,175,504.06. Following the completion of the sale, the director now owns 422,454 shares of the company's stock, valued at approximately $22,111,242.36. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Micah Chen sold 10,000 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $48.20, for a total transaction of $482,000.00. Following the completion of the sale, the vice president now owns 38,502 shares of the company's stock, valued at $1,855,796.40. This trade represents a 20.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,000 shares of company stock worth $4,994,075. Company insiders own 8.60% of the company's stock.

Wall Street Analyst Weigh In

WLDN has been the topic of a number of recent research reports. Wedbush upgraded shares of Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th. Wall Street Zen downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th.

Willdan Group Stock Up 0.3%

Shares of WLDN traded up $0.19 during mid-day trading on Thursday, reaching $56.34. The company's stock had a trading volume of 111,100 shares, compared to its average volume of 140,786. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. Willdan Group, Inc. has a 12-month low of $27.19 and a 12-month high of $58.00. The stock has a market cap of $816.76 million, a PE ratio of 34.56 and a beta of 1.23. The company's 50 day moving average is $45.06 and its 200 day moving average is $40.62.

About Willdan Group

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.