AlphaQuest LLC Purchases 4,828 Shares of Willdan Group, Inc. $WLDN

Key Points

• AlphaQuest LLC increased its holdings in Willdan Group, Inc. by 251.9% during the first quarter, owning 6,745 shares valued at $275,000 according to its latest SEC filing.
• Analysts have raised their price targets for Willdan Group, with Wedbush setting a new objective of $120.00 and Roth Capital adjusting theirs to $103.00, reflecting positive outlooks on the stock.
• Insider selling activity has been notable, with directors selling a combined total of 399,141 shares valued at over $43 million in the past ninety days.

AlphaQuest LLC lifted its stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 251.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,745 shares of the construction company's stock after purchasing an additional 4,828 shares during the quarter. AlphaQuest LLC's holdings in Willdan Group were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in Willdan Group by 77.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company's stock worth $6,468,000 after purchasing an additional 69,047 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of 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 purchasing an additional 119,888 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Willdan Group by 193.1% in the 1st quarter. Meeder Asset Management Inc. now owns 9,627 shares of the construction company's stock worth $392,000 after acquiring an additional 6,342 shares during the period. Deutsche Bank AG increased its stake in Willdan Group by 358.0% in the fourth quarter. Deutsche Bank AG now owns 34,935 shares of the construction company's stock valued at $1,331,000 after acquiring an additional 27,308 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Willdan Group by 34.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 24,002 shares of the construction company's stock valued at $977,000 after purchasing an additional 6,125 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company's stock.

Insider Transactions at Willdan Group

In related news, Director Steven A. Cohen sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $116.34, for a total value of $290,850.00. Following the completion of the transaction, the director directly owned 26,849 shares in the company, valued at $3,123,612.66. The trade was a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cynthia Downes sold 2,763 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $109.43, for a total transaction of $302,355.09. Following the sale, the director directly owned 8,909 shares of the company's stock, valued at $974,911.87. The trade was a 23.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 399,141 shares of company stock valued at $43,089,466. Insiders own 8.60% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on WLDN. Zacks Research upgraded shares of Willdan Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Wedbush boosted their target price on Willdan Group from $85.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $103.00 price objective (up from $62.00) on shares of Willdan Group in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, Willdan Group currently has an average rating of "Buy" and an average price target of $111.50.

Willdan Group Price Performance

NASDAQ WLDN traded down $1.42 during trading on Wednesday, reaching $105.25. The company's stock had a trading volume of 83,191 shares, compared to its average volume of 230,464. Willdan Group, Inc. has a one year low of $30.43 and a one year high of $121.00. The firm has a fifty day moving average of $89.72 and a 200 day moving average of $59.57. The stock has a market capitalization of $1.54 billion, a PE ratio of 44.30 and a beta of 1.31. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.43 and a quick ratio of 1.43.

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.