Counterpoint Mutual Funds LLC Purchases Shares of 6,706 Willdan Group, Inc. $WLDN

Key Points

• Counterpoint Mutual Funds LLC has acquired a new position in Willdan Group, Inc., purchasing 6,706 shares valued at approximately $419,000 as per its latest SEC filing.
• Insider trading activity has seen significant sell-offs, with directors and executives selling a total of 416,439 shares worth nearly $44.93 million over the past 90 days.
• The stock has received favorable ratings, with analysts from Roth Capital recommending a target price increase to $103.00 and Zacks Research upgrading it to a strong-buy rating.

Counterpoint Mutual Funds LLC acquired a new position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,706 shares of the construction company's stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Willdan Group by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 774,212 shares of the construction company's stock worth $31,526,000 after acquiring an additional 22,227 shares during the period. Nuveen LLC bought a new position in shares of Willdan Group in the first quarter worth about $10,313,000. Goldman Sachs Group Inc. lifted its position in shares of Willdan Group by 35.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,421 shares of the construction company's stock worth $8,731,000 after purchasing an additional 55,704 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Willdan Group by 136.0% during the 4th quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock valued at $7,925,000 after purchasing an additional 119,888 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in 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 last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Willdan Group news, Director Thomas Donald Brisbin sold 130,082 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $109.69, for a total value of $14,268,694.58. Following the transaction, the director owned 320,696 shares of the company's stock, valued at approximately $35,177,144.24. The trade was a 28.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Micah Chen sold 10,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $106.00, for a total value of $1,060,000.00. Following the sale, the vice president owned 40,423 shares in the company, valued at $4,284,838. The trade was a 19.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 416,439 shares of company stock worth $44,925,389 over the last ninety days. 8.60% of the stock is owned by insiders.

Willdan Group Price Performance

NASDAQ:WLDN opened at $98.03 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.44 billion, a PE ratio of 41.02 and a beta of 1.30. Willdan Group, Inc. has a 12 month low of $30.43 and a 12 month high of $121.00. The company's 50-day moving average price is $99.21 and its two-hundred day moving average price is $66.68.

Analyst Upgrades and Downgrades

WLDN has been the subject of several research reports. Roth Capital reissued 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. Wedbush upped their target price on shares of Willdan Group from $85.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. 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 assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $111.50.

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.

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