Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 23.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,306 shares of the construction company's stock after selling 4,367 shares during the period. Janney Montgomery Scott LLC owned 0.10% of Willdan Group worth $583,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Willdan Group by 7.2% during the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company's stock worth $28,643,000 after purchasing an additional 50,262 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Willdan Group by 13.4% during the fourth 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 increased its position in shares of Willdan Group by 13.3% during the fourth 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 increased its position in shares of Willdan Group by 1.7% during the fourth 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 increased its position in shares of Willdan Group by 0.5% during the fourth 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Willdan Group news, Director Thomas Donald Brisbin sold 22,459 shares of Willdan Group stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $52.34, for a total transaction of $1,175,504.06. Following the completion of the transaction, the director owned 422,454 shares in the company, valued at approximately $22,111,242.36. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Micah Chen sold 10,000 shares of Willdan Group stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $50.50, for a total value of $505,000.00. Following the transaction, the vice president owned 38,502 shares of the company's stock, valued at $1,944,351. The trade was a 20.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,000 shares of company stock valued at $4,994,075 over the last quarter. 8.60% of the stock is currently owned by company insiders.

Willdan Group Stock Performance

Shares of WLDN stock traded up $5.90 during trading hours on Friday, hitting $73.72. The company's stock had a trading volume of 478,837 shares, compared to its average volume of 153,977. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $53.05 and a 200 day moving average of $42.88. Willdan Group, Inc. has a 12-month low of $29.56 and a 12-month high of $72.30. The stock has a market cap of $1.07 billion, a PE ratio of 43.62 and a beta of 1.25.

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.