Allspring Global Investments Holdings LLC Buys 69,047 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

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

Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in shares of Willdan Group in the fourth quarter valued at about $40,000. Tower Research Capital LLC TRC lifted its position in shares of Willdan Group by 470.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock valued at $64,000 after acquiring an additional 1,387 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Willdan Group by 1,809.7% in the first quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company's stock valued at $88,000 after acquiring an additional 2,045 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Willdan Group by 26.4% in the fourth quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock valued at $99,000 after acquiring an additional 542 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Willdan Group in the fourth quarter valued at about $125,000. Institutional investors own 72.29% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on WLDN. Wedbush upgraded Willdan Group to a "strong-buy" rating in a research report on Monday, March 10th. Wall Street Zen downgraded Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th.

Insider Transactions at Willdan Group

In related news, CEO Michael A. Bieber sold 25,000 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $48.11, for a total value of $1,202,750.00. Following the sale, the chief executive officer directly owned 200,981 shares in the company, valued at approximately $9,669,195.91. The trade was a 11.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas Donald Brisbin sold 22,459 shares of the business'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 value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,000 shares of company stock valued at $4,994,075 over the last three months. Corporate insiders own 8.60% of the company's stock.

Willdan Group Price Performance

Shares of NASDAQ:WLDN traded up $5.90 during mid-day trading on Friday, reaching $73.72. The stock had a trading volume of 478,837 shares, compared to its average volume of 153,977. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. The company has a market cap of $1.07 billion, a P/E ratio of 43.62 and a beta of 1.25. Willdan Group, Inc. has a 1 year low of $29.56 and a 1 year high of $72.30. The business's 50 day moving average price is $53.05 and its 200 day moving average price is $42.88.

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.