Meeder Asset Management Inc. Has $392,000 Stock Holdings 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 holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 193.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,627 shares of the construction company's stock after acquiring an additional 6,342 shares during the quarter. Meeder Asset Management Inc. owned approximately 0.07% of Willdan Group worth $392,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in Willdan Group by 77.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company's stock valued at $6,468,000 after buying an additional 69,047 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Willdan Group by 136.0% in the fourth quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock valued at $7,925,000 after acquiring an additional 119,888 shares during the period. Deutsche Bank AG boosted its stake in Willdan Group by 358.0% in the fourth quarter. Deutsche Bank AG now owns 34,935 shares of the construction company's stock valued at $1,331,000 after acquiring an additional 27,308 shares during the period. Victory Capital Management Inc. boosted its stake in Willdan Group by 21.4% in the first quarter. Victory Capital Management Inc. now owns 36,249 shares of the construction company's stock valued at $1,476,000 after acquiring an additional 6,399 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Willdan Group by 3.9% during the first quarter. Principal Financial Group Inc. now owns 8,526 shares of the construction company's stock valued at $347,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Willdan Group Price Performance

Shares of NASDAQ WLDN traded down $1.30 during mid-day trading on Friday, reaching $84.00. 622,385 shares of the company traded hands, compared to its average volume of 320,875. 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 current ratio of 1.61 and a quick ratio of 1.61. The firm has a market cap of $1.22 billion, a PE ratio of 49.70 and a beta of 1.31. The stock has a fifty day simple moving average of $66.82 and a 200-day simple moving average of $48.51.

Analysts Set New Price Targets

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

Insider Buying and Selling at Willdan Group

In related news, CFO Creighton K. Early sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were 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 directly owned 72,071 shares in the company, valued at approximately $3,839,942.88. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas Donald Brisbin sold 22,459 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 422,454 shares of the company's stock, valued at $22,111,242.36. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,000 shares of company stock valued at $4,994,075. 8.60% of the stock is currently owned by corporate insiders.

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.