Willdan Group, Inc. (NASDAQ:WLDN) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 47.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,269 shares of the construction company's stock after purchasing an additional 29,169 shares during the quarter. Ameriprise Financial Inc. owned about 0.65% of Willdan Group worth $3,476,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Aquatic Capital Management LLC raised its stake in shares of Willdan Group by 10.4% in the fourth quarter. Aquatic Capital Management LLC now owns 5,410 shares of the construction company's stock worth $206,000 after purchasing an additional 510 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in Willdan Group by 13.4% during the fourth quarter. Lord Abbett & CO. LLC now owns 432,135 shares of the construction company's stock worth $16,460,000 after acquiring an additional 51,003 shares during the period. Oberweis Asset Management Inc. grew its holdings in Willdan Group by 1.3% during the fourth quarter. Oberweis Asset Management Inc. now owns 80,100 shares of the construction company's stock worth $3,051,000 after acquiring an additional 1,000 shares during the period. RBF Capital LLC grew its holdings in Willdan Group by 0.5% during the fourth quarter. RBF Capital LLC now owns 185,543 shares of the construction company's stock worth $7,067,000 after acquiring an additional 943 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Willdan Group by 6.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,359 shares of the construction company's stock worth $395,000 after acquiring an additional 626 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wedbush raised Willdan Group to a "strong-buy" rating in a report on Monday, March 10th. Wall Street Zen lowered Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th.

Willdan Group Price Performance

Shares of Willdan Group stock traded up $0.11 on Friday, reaching $53.81. The company's stock had a trading volume of 207,495 shares, compared to its average volume of 138,659. The company has a market capitalization of $780.08 million, a P/E ratio of 33.01 and a beta of 1.09. Willdan Group, Inc. has a 52-week low of $27.19 and a 52-week high of $54.35. The stock has a 50-day moving average price of $42.59 and a 200-day moving average price of $39.81. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the sale, the director now directly owns 12,767 shares in the company, valued at approximately $500,466.40. The trade was a 15.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Creighton K. Early sold 5,000 shares of the business's 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 directly owns 72,071 shares in the company, valued at $3,839,942.88. This trade represents a 6.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,273 shares of company stock worth $5,083,176. 8.60% of the stock is owned by corporate insiders.

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.