Charles Schwab Investment Management Inc. Has $1.52 Million Holdings in Willdan Group, Inc. $WLDN

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Willdan Group, Inc. by 13.9% in the first quarter, owning approximately 0.26% of the company worth $1.5 million after selling 6,032 shares.
• Director Cynthia Downes sold 2,763 shares at an average price of $109.43, resulting in a 23.67% decrease in her ownership of the stock.
• Equities analysts have recently upgraded Willdan Group's rating to strong-buy, with a consensus price target of $111.50, reflecting positive market sentiment.

Charles Schwab Investment Management Inc. cut its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 13.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 37,255 shares of the construction company's stock after selling 6,032 shares during the period. Charles Schwab Investment Management Inc. owned about 0.26% of Willdan Group worth $1,517,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WLDN. Nuveen Asset Management LLC boosted its holdings 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 valued at $7,925,000 after buying an additional 119,888 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Willdan Group in the 1st quarter valued at about $4,687,000. Allspring Global Investments Holdings LLC boosted its holdings 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 valued at $6,468,000 after buying an additional 69,047 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Willdan Group by 13.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 419,319 shares of the construction company's stock valued at $15,972,000 after buying an additional 49,217 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Willdan Group by 47.0% in the 4th quarter. Ameriprise Financial Inc. now owns 91,269 shares of the construction company's stock valued at $3,476,000 after buying an additional 29,169 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Willdan Group Stock Down 1.6%

WLDN traded down $1.62 on Thursday, reaching $102.16. 117,389 shares of the company traded hands, compared to its average volume of 232,787. The stock's 50 day moving average price is $90.60 and its 200-day moving average price is $59.87. Willdan Group, Inc. has a 52-week low of $30.43 and a 52-week high of $121.00. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 42.54 and a beta of 1.31. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.43 and a quick ratio of 1.43.

Insiders Place Their Bets

In other news, Director Wanda Kay Reder sold 850 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $119.46, for a total value of $101,541.00. Following the completion of the sale, the director directly owned 10,676 shares in the company, valued at approximately $1,275,354.96. The trade was a 7.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cynthia Downes sold 2,763 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $109.43, for a total transaction of $302,355.09. Following the completion of the sale, the director owned 8,909 shares of the company's stock, valued at $974,911.87. The trade was a 23.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 399,141 shares of company stock valued at $43,089,466 in the last three months. Company insiders own 8.60% of the company's stock.

Willdan Group 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.