Handelsbanken Fonder AB Sells 229,333 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Handelsbanken Fonder AB cut its position in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 56.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,384 shares of the construction company's stock after selling 229,333 shares during the quarter. Handelsbanken Fonder AB owned 1.24% of Willdan Group worth $7,264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WLDN. Allspring Global Investments Holdings LLC grew its holdings in shares of Willdan Group by 23.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,354 shares of the construction company's stock worth $3,397,000 after purchasing an additional 16,832 shares in the last quarter. Rhumbline Advisers lifted its position in Willdan Group by 2.9% in the fourth quarter. Rhumbline Advisers now owns 20,159 shares of the construction company's stock worth $768,000 after purchasing an additional 562 shares during the period. Principal Financial Group Inc. boosted its stake in Willdan Group by 9.0% during the fourth quarter. Principal Financial Group Inc. now owns 8,207 shares of the construction company's stock worth $313,000 after buying an additional 677 shares in the last quarter. Navellier & Associates Inc. increased its holdings in Willdan Group by 4.4% in the 4th quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company's stock valued at $311,000 after buying an additional 341 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Willdan Group by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,287 shares of the construction company's stock valued at $1,649,000 after buying an additional 6,754 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Willdan Group

In other news, Director Thomas Donald Brisbin sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $48.54, for a total transaction of $970,800.00. Following the completion of the sale, the director now owns 422,454 shares of the company's stock, valued at approximately $20,505,917.16. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael A. Bieber sold 25,000 shares of Willdan Group stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $48.11, for a total transaction of $1,202,750.00. Following the completion of the transaction, the chief executive officer now owns 200,981 shares of the company's stock, valued at $9,669,195.91. This trade represents a 11.06% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,000 shares of company stock valued at $4,994,075. 8.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WLDN. 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 upgraded shares of Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th.

Willdan Group Price Performance

WLDN stock traded down $0.52 during trading on Friday, hitting $55.82. The company had a trading volume of 138,507 shares, compared to its average volume of 141,046. The company has a fifty day moving average price of $45.42 and a two-hundred day moving average price of $40.72. Willdan Group, Inc. has a fifty-two week low of $27.19 and a fifty-two week high of $58.00. The company has a market cap of $809.22 million, a P/E ratio of 34.25 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.

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.