Willdan Group, Inc. (NASDAQ:WLDN) Holdings Lowered by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 23.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,306 shares of the construction company's stock after selling 4,367 shares during the period. Janney Montgomery Scott LLC owned about 0.10% of Willdan Group worth $583,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of WLDN. Farther Finance Advisors LLC acquired a new stake in Willdan Group during the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC increased its holdings in shares of Willdan Group by 470.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock valued at $64,000 after acquiring an additional 1,387 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Willdan Group by 1,809.7% during the 1st quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company's stock valued at $88,000 after acquiring an additional 2,045 shares in the last quarter. Legal & General Group Plc lifted its stake in Willdan Group by 26.4% during the fourth quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock worth $99,000 after purchasing an additional 542 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Willdan Group in the fourth quarter worth $125,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Willdan Group news, Director Thomas Donald Brisbin sold 22,459 shares of the business's stock in a transaction on 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. The trade was a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Creighton K. Early sold 5,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $53.28, for a total value of $266,400.00. Following the completion of the transaction, the chief financial officer directly owned 72,071 shares of the company's stock, valued at approximately $3,839,942.88. The trade was a 6.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,000 shares of company stock valued at $4,994,075. Company insiders own 8.60% of the company's stock.

Willdan Group Stock Performance

Shares of Willdan Group stock traded up $5.90 during trading on Thursday, hitting $73.72. 478,837 shares of the stock were exchanged, compared to its average volume of 153,238. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 1.61. Willdan Group, Inc. has a 12 month low of $28.97 and a 12 month high of $75.20. The stock's fifty day moving average is $51.64 and its 200 day moving average is $42.40. The stock has a market cap of $1.07 billion, a PE ratio of 43.62 and a beta of 1.25.

Analyst Ratings Changes

A number of analysts have weighed in on WLDN shares. Wedbush raised shares of Willdan Group to a "strong-buy" rating in a report on Monday, March 10th. Wall Street Zen downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th.

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.