D. E. Shaw & Co. Inc. Cuts Stock Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

D. E. Shaw & Co. Inc. trimmed its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 68.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,839 shares of the construction company's stock after selling 41,518 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.13% of Willdan Group worth $718,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WLDN. Vanguard Group Inc. raised its stake in Willdan Group by 7.2% during the 4th quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company's stock valued at $28,643,000 after buying an additional 50,262 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Willdan Group by 13.4% in the 4th quarter. Lord Abbett & CO. LLC now owns 432,135 shares of the construction company's stock worth $16,460,000 after purchasing an additional 51,003 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Willdan Group by 13.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 419,319 shares of the construction company's stock worth $15,972,000 after purchasing an additional 49,217 shares in the last quarter. Summit Creek Advisors LLC lifted its stake in Willdan Group by 1.7% in the 4th quarter. Summit Creek Advisors LLC now owns 365,153 shares of the construction company's stock worth $13,909,000 after purchasing an additional 6,119 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Willdan Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 296,398 shares of the construction company's stock worth $11,293,000 after purchasing an additional 1,601 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total value of $89,101.60. Following the sale, the director now directly owns 12,767 shares in the company, valued at approximately $500,466.40. The trade was a 15.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas Donald Brisbin sold 1,626 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $51.54, for a total value of $83,804.04. Following the transaction, the director now owns 422,454 shares in the company, valued at approximately $21,773,279.16. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,814 shares of company stock worth $3,641,272 in the last 90 days. Insiders own 9.80% of the company's stock.

Willdan Group Stock Down 0.4%

NASDAQ:WLDN traded down $0.21 during midday trading on Thursday, reaching $53.90. 34,992 shares of the stock traded hands, compared to its average volume of 136,805. Willdan Group, Inc. has a 12-month low of $27.19 and a 12-month high of $55.00. The business has a 50-day moving average of $42.13 and a two-hundred day moving average of $39.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $781.33 million, a PE ratio of 33.10 and a beta of 1.09.

Analyst Ratings Changes

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

Willdan Group Company 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.