Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 4.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,233 shares of the construction company's stock after selling 5,759 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.78% of Willdan Group worth $4,611,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Willdan Group by 7.2% in 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 raised its holdings in Willdan Group by 13.4% in 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 raised its holdings in Willdan Group by 13.3% in 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 raised its holdings in Willdan Group by 1.7% in 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 raised its holdings in Willdan Group by 0.5% in 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 hedge funds and other institutional investors.

Insider Buying and Selling at Willdan Group

In other Willdan Group news, CEO Michael A. Bieber sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $48.11, for a total transaction of $1,202,750.00. Following the completion of the transaction, the chief executive officer directly owned 200,981 shares of the company's stock, valued at approximately $9,669,195.91. This trade represents a 11.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 directly owned 422,454 shares in the company, valued at $22,111,242.36. The trade was a 5.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,000 shares of company stock valued at $4,994,075. 8.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wedbush reiterated an "outperform" rating on shares of Willdan Group in a report on Thursday, July 10th. Wall Street Zen downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th.

Willdan Group Stock Performance

Shares of Willdan Group stock traded up $1.12 during midday trading on Thursday, hitting $79.67. The company had a trading volume of 359,955 shares, compared to its average volume of 164,655. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 47.14 and a beta of 1.25. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $59.41 and a 200 day simple moving average of $45.12. Willdan Group, Inc. has a 12-month low of $30.43 and a 12-month high of $80.75.

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.