Inspire Investing LLC Has $730,000 Stake in Willdan Group, Inc. $WLDN

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 decreased its position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 16.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,928 shares of the construction company's stock after selling 3,462 shares during the quarter. Inspire Investing LLC owned 0.12% of Willdan Group worth $730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Willdan Group by 3.0% during the first quarter. Vanguard Group Inc. now owns 774,212 shares of the construction company's stock worth $31,526,000 after purchasing an additional 22,227 shares during the period. Nuveen LLC bought a new position in Willdan Group during the first quarter worth about $10,313,000. Goldman Sachs Group Inc. grew its holdings in Willdan Group by 35.1% during the first 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 period. Nuveen Asset Management LLC grew its holdings in Willdan Group by 136.0% during the fourth quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock worth $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% during the first quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company's stock worth $6,468,000 after purchasing an additional 69,047 shares during the period. Institutional investors own 72.29% of the company's stock.

Insider Buying and Selling at Willdan Group

In other Willdan Group news, Director Steven A. Cohen sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $116.34, for a total transaction of $290,850.00. Following the completion of the transaction, the director directly owned 26,849 shares in the company, valued at $3,123,612.66. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wanda Kay Reder sold 850 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $119.46, for a total transaction of $101,541.00. Following the transaction, the director owned 10,676 shares of the company's stock, valued at approximately $1,275,354.96. This represents a 7.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 399,141 shares of company stock valued at $43,089,466. 8.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WLDN shares. Wedbush raised their price objective on shares of Willdan Group from $85.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Roth Capital restated a "buy" rating and set 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 investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, Willdan Group has a consensus rating of "Buy" and a consensus price target of $111.50.

Willdan Group Stock Down 4.6%

NASDAQ WLDN opened at $100.99 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.22. Willdan Group, Inc. has a 1-year low of $30.43 and a 1-year high of $121.00. The company has a 50 day moving average of $95.27 and a 200-day moving average of $63.33. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 42.26 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.

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