Willdan Group, Inc. $WLDN Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC reduced its stake in Willdan Group by 18.9%, owning 14,541 shares worth approximately $909,000 after selling 3,387 shares in the second quarter.
• Several institutional investors made notable moves in Willdan Group, with Nuveen LLC acquiring a new position valued at $10.3 million and Allspring Global Investments increasing its holdings by 77.3%.
• Analysts have mixed ratings on Willdan Group, with Roth Capital setting a target price increase to $103.00 while Zacks Research downgraded it from "strong-buy" to "hold."

Inspire Investing LLC cut its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 18.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,541 shares of the construction company's stock after selling 3,387 shares during the quarter. Inspire Investing LLC owned approximately 0.10% of Willdan Group worth $909,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in WLDN. Nuveen LLC bought a new position in shares of Willdan Group during the first quarter valued at approximately $10,313,000. Pacer Advisors Inc. bought a new position in shares of Willdan Group during the first quarter valued at approximately $4,687,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Willdan Group during the second quarter valued at approximately $6,807,000. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 purchasing an additional 69,047 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Willdan Group by 277.7% during the first quarter. Invesco Ltd. now owns 85,515 shares of the construction company's stock valued at $3,482,000 after purchasing an additional 62,874 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Willdan Group Trading Down 3.9%

Shares of WLDN stock opened at $89.98 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.43 and a current ratio of 1.43. Willdan Group, Inc. has a 1 year low of $30.43 and a 1 year high of $121.00. The stock has a fifty day moving average of $102.53 and a two-hundred day moving average of $71.45. The firm has a market capitalization of $1.32 billion, a PE ratio of 37.65 and a beta of 1.25.

Analyst Ratings Changes

Several research firms have recently commented on WLDN. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Willdan Group in a report on Wednesday. Zacks Research lowered Willdan Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 7th. Roth Capital reaffirmed a "buy" rating and set a $103.00 target price (up previously from $62.00) on shares of Willdan Group in a research note on Tuesday, August 5th. Finally, Wedbush reiterated an "outperform" rating and set a $120.00 price target on shares of Willdan Group in a research report on Monday, October 6th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $111.50.

Insider Activity at Willdan Group

In other news, Director Thomas Donald Brisbin sold 130,082 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $109.69, for a total value of $14,268,694.58. Following the completion of the sale, the director owned 320,696 shares in the company, valued at $35,177,144.24. This represents a 28.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Micah Chen sold 10,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $106.00, for a total value of $1,060,000.00. Following the completion of the sale, the vice president owned 40,423 shares of the company's stock, valued at approximately $4,284,838. This trade represents a 19.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 416,439 shares of company stock worth $44,925,389 in the last ninety days. 8.60% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.