Deutsche Bank AG Buys 27,308 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Deutsche Bank AG lifted its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 358.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,935 shares of the construction company's stock after purchasing an additional 27,308 shares during the period. Deutsche Bank AG owned 0.25% of Willdan Group worth $1,331,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in Willdan Group by 9.0% in the 4th quarter. Principal Financial Group Inc. now owns 8,207 shares of the construction company's stock valued at $313,000 after buying an additional 677 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Willdan Group by 83.9% in the fourth quarter. SG Americas Securities LLC now owns 13,927 shares of the construction company's stock valued at $530,000 after acquiring an additional 6,353 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Willdan Group by 23.2% in the fourth 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 during the last quarter. Stifel Financial Corp increased its position in Willdan Group by 2.9% during the fourth quarter. Stifel Financial Corp now owns 16,494 shares of the construction company's stock worth $628,000 after acquiring an additional 461 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Willdan Group by 27.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 18,673 shares of the construction company's stock worth $711,000 after acquiring an additional 4,049 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Willdan Group Stock Performance

Shares of NASDAQ:WLDN traded down $0.41 during trading on Thursday, hitting $53.70. 209,012 shares of the stock were exchanged, compared to its average volume of 137,871. The company has a market capitalization of $778.49 million, a price-to-earnings ratio of 32.94 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. Willdan Group, Inc. has a 1-year low of $27.19 and a 1-year high of $54.34. The company's fifty day simple moving average is $42.35 and its 200-day simple moving average is $39.80.

Insider Buying and Selling

In other Willdan Group news, Director Mohammad Shahidehpour sold 2,273 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total value of $89,101.60. Following the sale, the director now directly owns 12,767 shares in the company, valued at $500,466.40. This represents a 15.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction, the chief financial officer now owns 72,071 shares of the company's stock, valued at $3,839,942.88. This represents a 6.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,273 shares of company stock valued at $5,083,176 over the last quarter. Corporate insiders own 9.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on WLDN shares. Wedbush upgraded shares of Willdan Group to a "strong-buy" rating in a research note on Monday, March 10th. Wall Street Zen lowered 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.