Willdan Group, Inc. (NASDAQ:WLDN) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 77.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 158,401 shares of the construction company's stock after purchasing an additional 69,047 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.10% of Willdan Group worth $6,468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Nuveen Asset Management LLC raised its position in Willdan Group by 136.0% during the 4th quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock worth $7,925,000 after buying an additional 119,888 shares during the last quarter. Principal Financial Group Inc. raised its position in Willdan Group by 9.0% during the 4th 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 last quarter. Deutsche Bank AG raised its position in Willdan Group by 358.0% during the 4th quarter. Deutsche Bank AG now owns 34,935 shares of the construction company's stock worth $1,331,000 after buying an additional 27,308 shares during the last quarter. Ameriprise Financial Inc. raised its position in Willdan Group by 47.0% during the 4th quarter. Ameriprise Financial Inc. now owns 91,269 shares of the construction company's stock worth $3,476,000 after buying an additional 29,169 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Willdan Group by 116.8% during the 4th quarter. Bank of America Corp DE now owns 21,843 shares of the construction company's stock worth $832,000 after buying an additional 11,770 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.

Insider Activity at Willdan Group

In related news, VP Micah Chen sold 10,000 shares of Willdan Group stock in a transaction on Monday, May 19th. The shares were sold at an average price of $50.50, for a total value 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. This trade represents a 20.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael A. Bieber sold 25,000 shares of Willdan Group stock in a transaction 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 sale, the chief executive officer directly owned 200,981 shares in the company, valued at $9,669,195.91. This represents a 11.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,000 shares of company stock worth $4,994,075 over the last 90 days. 8.60% of the stock is owned by insiders.

Willdan Group Stock Performance

Shares of NASDAQ:WLDN traded up $0.23 during trading on Wednesday, hitting $72.17. 286,601 shares of the stock traded hands, compared to its average volume of 157,633. 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 market cap of $1.05 billion, a price-to-earnings ratio of 42.70 and a beta of 1.25. The company has a fifty day moving average price of $55.04 and a two-hundred day moving average price of $43.55. Willdan Group, Inc. has a 52-week low of $29.56 and a 52-week high of $74.09.

Analyst Upgrades and Downgrades

Separately, 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.