Meeder Asset Management Inc. Raises Stake in Willdan Group, Inc. (NASDAQ:WLDN)

Key Points

• Meeder Asset Management Inc. increased its stake in Willdan Group by 193.1% during the first quarter, owning a total of 9,627 shares valued at approximately $392,000.
• Institutional investors own 72.29% of Willdan Group’s stock, with notable increases from firms like Allspring Global Investments and Deutsche Bank.
• Analysts maintain an "outperform" rating on Willdan Group, indicating potential for future growth as marked by recent institutional activity and stock performance.

Meeder Asset Management Inc. increased its position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 193.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,627 shares of the construction company's stock after purchasing an additional 6,342 shares during the period. Meeder Asset Management Inc. owned about 0.07% of Willdan Group worth $392,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in shares of Willdan Group by 470.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock worth $64,000 after buying an additional 1,387 shares during the period. GAMMA Investing LLC boosted its stake in 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 in the last quarter. Legal & General Group Plc increased its position in shares of Willdan Group by 26.4% during the 4th 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 in the last quarter. Aquatic Capital Management LLC grew its position in Willdan Group by 10.4% during the 4th quarter. Aquatic Capital Management LLC now owns 5,410 shares of the construction company's stock worth $206,000 after acquiring an additional 510 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in Willdan Group during the 4th quarter worth about $213,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Willdan Group Stock Performance

NASDAQ:WLDN traded down $1.30 during mid-day trading on Friday, hitting $84.00. 622,363 shares of the stock were exchanged, compared to its average volume of 181,850. Willdan Group, Inc. has a fifty-two week low of $30.43 and a fifty-two week high of $86.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 49.70 and a beta of 1.25. The firm's 50-day simple moving average is $66.17 and its 200 day simple moving average is $48.19.

Insider Activity at Willdan Group

In related news, 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 sale, the chief financial officer directly owned 72,071 shares of the company's stock, valued at approximately $3,839,942.88. This represents a 6.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Micah Chen sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $50.50, for a total transaction of $505,000.00. Following the sale, the vice president owned 38,502 shares of the company's stock, valued at approximately $1,944,351. The trade was a 20.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,000 shares of company stock valued at $4,994,075. 8.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Wedbush restated an "outperform" rating on shares of Willdan Group in a research report on Thursday, July 10th.

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.