Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Rock Point Advisors LLC

Rock Point Advisors LLC reduced its position in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 181,707 shares of the construction company's stock after selling 7,575 shares during the quarter. Willdan Group comprises about 2.3% of Rock Point Advisors LLC's investment portfolio, making the stock its 14th biggest position. Rock Point Advisors LLC owned 1.25% of Willdan Group worth $7,399,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WLDN. Allspring Global Investments Holdings LLC boosted its holdings in Willdan Group by 77.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company's stock valued at $6,468,000 after acquiring an additional 69,047 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Willdan Group by 136.0% in the fourth quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock valued at $7,925,000 after purchasing an additional 119,888 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Willdan Group by 358.0% during the fourth quarter. Deutsche Bank AG now owns 34,935 shares of the construction company's stock worth $1,331,000 after purchasing an additional 27,308 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Willdan Group by 47.0% during the fourth quarter. Ameriprise Financial Inc. now owns 91,269 shares of the construction company's stock worth $3,476,000 after purchasing an additional 29,169 shares in the last quarter. Finally, Bank of America Corp DE lifted 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 in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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.

Insider Activity

In other news, 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 transaction of $266,400.00. Following the completion of the transaction, the chief financial officer directly owned 72,071 shares in the company, valued at approximately $3,839,942.88. This represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 owned 422,454 shares of the company's stock, valued at approximately $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 three months, insiders have sold 100,000 shares of company stock valued at $4,994,075. Company insiders own 8.60% of the company's stock.

Willdan Group Trading Up 0.3%

NASDAQ:WLDN opened at $72.17 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.35. Willdan Group, Inc. has a 52 week low of $29.56 and a 52 week high of $74.09. The firm has a market capitalization of $1.05 billion, a P/E ratio of 42.70 and a beta of 1.25. The company has a fifty day moving average of $55.04 and a 200 day moving average of $43.55.

Willdan Group 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.

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