Willdan Group, Inc. $WLDN Position Cut by Inspire Investing LLC

Key Points

• Inspire Investing LLC has reduced its stake in Willdan Group, Inc. by 16.2%, resulting in ownership of 17,928 shares valued at approximately $730,000 as of the latest SEC filing.
• Institutional investors now own 72.29% of Willdan Group, with notable increases in holdings from Vanguard Group and Goldman Sachs, indicating strong interest from major investment firms.
• Analysts have shown optimistic projections for Willdan Group's stock, with upgrades from firms like Wedbush and Roth Capital, pushing the price target to between $103.00 and $120.00.

Inspire Investing LLC trimmed its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 16.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,928 shares of the construction company's stock after selling 3,462 shares during the quarter. Inspire Investing LLC owned about 0.12% of Willdan Group worth $730,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in Willdan Group during the 1st quarter worth approximately $75,000. GAMMA Investing LLC lifted its holdings in shares of Willdan Group by 1,809.7% in the 1st quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company's stock valued at $88,000 after buying an additional 2,045 shares during the period. Virtus Advisers LLC acquired a new stake in shares of Willdan Group in the 1st quarter valued at approximately $191,000. MBB Public Markets I LLC acquired a new stake in shares of Willdan Group in the 1st quarter valued at approximately $203,000. Finally, Wilsey Asset Management Inc. acquired a new stake in shares of Willdan Group in the 1st quarter valued at approximately $213,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Roth Capital reaffirmed a "buy" rating and issued a $103.00 price objective (up from $62.00) on shares of Willdan Group in a research note on Tuesday, August 5th. Wedbush raised their price objective on 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 raised Willdan Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. Based on data from MarketBeat, Willdan Group has a consensus rating of "Buy" and an average target price of $111.50.

Insider Transactions at Willdan Group

In related news, Director Cynthia Downes sold 2,763 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $109.43, for a total value of $302,355.09. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven A. Cohen sold 2,500 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $116.34, for a total value of $290,850.00. Following the completion of the sale, the director directly owned 26,849 shares of the company's stock, valued at approximately $3,123,612.66. This represents a 8.52% 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 over the last 90 days. Corporate insiders own 8.60% of the company's stock.

Willdan Group Trading Up 3.0%

WLDN stock traded up $3.05 during trading on Thursday, reaching $105.11. 159,851 shares of the stock traded hands, compared to its average volume of 243,389. The business's 50 day moving average price is $96.95 and its 200-day moving average price is $64.53. Willdan Group, Inc. has a 52-week low of $30.43 and a 52-week high of $121.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $1.54 billion, a PE ratio of 43.98 and a beta of 1.31.

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.