BNP Paribas Financial Markets Cuts Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

BNP Paribas Financial Markets decreased its position in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 71.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,146 shares of the construction company's stock after selling 17,993 shares during the period. BNP Paribas Financial Markets owned approximately 0.05% of Willdan Group worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in Willdan Group by 47.0% during the fourth quarter. Ameriprise Financial Inc. now owns 91,269 shares of the construction company's stock valued at $3,476,000 after purchasing an additional 29,169 shares in the last quarter. Aquatic Capital Management LLC lifted its holdings in shares of Willdan Group by 10.4% in the 4th quarter. Aquatic Capital Management LLC now owns 5,410 shares of the construction company's stock valued at $206,000 after acquiring an additional 510 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Willdan Group by 13.4% in the fourth quarter. Lord Abbett & CO. LLC now owns 432,135 shares of the construction company's stock worth $16,460,000 after acquiring an additional 51,003 shares in the last quarter. Oberweis Asset Management Inc. raised its position in Willdan Group by 1.3% during the fourth quarter. Oberweis Asset Management Inc. now owns 80,100 shares of the construction company's stock valued at $3,051,000 after purchasing an additional 1,000 shares during the period. Finally, RBF Capital LLC lifted its stake in shares of Willdan Group by 0.5% in the 4th quarter. RBF Capital LLC now owns 185,543 shares of the construction company's stock valued at $7,067,000 after purchasing an additional 943 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Willdan Group Trading Up 0.2%

Shares of WLDN stock traded up $0.11 on Friday, reaching $53.81. 207,495 shares of the company's stock were exchanged, compared to its average volume of 138,148. The company's fifty day simple moving average is $42.35 and its 200 day simple moving average is $39.80. The stock has a market capitalization of $780.08 million, a PE ratio of 33.01 and a beta of 1.09. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a 52 week low of $27.19 and a 52 week high of $54.34.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen lowered Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Wedbush raised shares of Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th.

Insider Activity

In other news, Director Thomas Donald Brisbin sold 20,000 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $48.54, for a total transaction of $970,800.00. Following the transaction, the director now owns 422,454 shares in the company, valued at approximately $20,505,917.16. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total value of $89,101.60. Following the completion of the sale, the director now owns 12,767 shares of the company's stock, valued at $500,466.40. The trade was a 15.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,273 shares of company stock valued at $5,083,176. 9.80% of the stock is currently owned by company insiders.

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.