Mackenzie Financial Corp Makes New Investment in Willdan Group, Inc. (NASDAQ:WLDN)

Mackenzie Financial Corp purchased a new position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,030 shares of the construction company's stock, valued at approximately $268,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen Asset Management LLC raised its holdings in Willdan Group by 136.0% in the 4th 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. Principal Financial Group Inc. raised its stake in shares of Willdan Group by 9.0% in 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 during the period. Deutsche Bank AG lifted its position in shares of Willdan Group by 358.0% during the 4th quarter. Deutsche Bank AG now owns 34,935 shares of the construction company's stock valued at $1,331,000 after buying an additional 27,308 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Willdan Group by 47.0% during the 4th quarter. Ameriprise Financial Inc. now owns 91,269 shares of the construction company's stock valued at $3,476,000 after acquiring an additional 29,169 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Willdan Group by 23.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,354 shares of the construction company's stock worth $3,397,000 after acquiring an additional 16,832 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Insider Buying and Selling

In other Willdan Group news, Director Thomas Donald Brisbin sold 22,459 shares of Willdan Group stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $52.34, for a total value of $1,175,504.06. Following the sale, the director now directly owns 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 is accessible through this link. Also, CFO Creighton K. Early sold 5,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $53.28, for a total transaction of $266,400.00. Following the completion of the sale, the chief financial officer now owns 72,071 shares in the company, 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. In the last three months, insiders have sold 102,273 shares of company stock valued at $5,083,176. Corporate insiders own 8.60% of the company's stock.

Willdan Group Price Performance

Shares of NASDAQ WLDN traded up $1.31 during mid-day trading on Friday, reaching $56.99. The company's stock had a trading volume of 111,584 shares, compared to its average volume of 140,039. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. Willdan Group, Inc. has a 52 week low of $27.19 and a 52 week high of $57.29. The stock has a fifty day moving average of $43.75 and a two-hundred day moving average of $40.22. The firm has a market capitalization of $826.18 million, a PE ratio of 34.96 and a beta of 1.23.

Wall Street Analysts Forecast Growth

WLDN has been the topic of several analyst reports. 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.

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.