Bank of America Corp DE boosted its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 116.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,843 shares of the construction company's stock after acquiring an additional 11,770 shares during the quarter. Bank of America Corp DE owned about 0.15% of Willdan Group worth $832,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in shares of Willdan Group in the 4th quarter worth approximately $40,000. Tower Research Capital LLC TRC grew its holdings in Willdan Group by 470.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock valued at $64,000 after purchasing an additional 1,387 shares during the last quarter. Legal & General Group Plc increased its position 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. acquired a new position in shares of Willdan Group during the 4th quarter worth $125,000. Finally, Quantbot Technologies LP raised its stake in shares of 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 buying an additional 3,903 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently commented on WLDN. Wedbush raised shares of Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th. Wall Street Zen downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th.
Read Our Latest Research Report on Willdan Group
Willdan Group Trading Up 2.4%
Willdan Group stock opened at $56.99 on Monday. The stock has a 50-day moving average price of $44.07 and a 200 day moving average price of $40.30. Willdan Group, Inc. has a 52 week low of $27.19 and a 52 week high of $57.24. The stock has a market cap of $826.18 million, a PE ratio of 34.96 and a beta of 1.23. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37.
Insider Transactions at Willdan Group
In other news, CFO Creighton K. Early sold 5,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $53.28, for a total transaction of $266,400.00. Following the completion of the sale, the chief financial officer now directly owns 72,071 shares of the company's stock, valued at $3,839,942.88. The trade was a 6.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael A. Bieber sold 25,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $48.11, for a total value of $1,202,750.00. Following the completion of the transaction, the chief executive officer now directly owns 200,981 shares in the company, valued at $9,669,195.91. This trade represents a 11.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,273 shares of company stock worth $5,083,176 over the last quarter. 8.60% of the stock is currently owned by insiders.
Willdan Group Company Profile
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Free Report)
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.
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