JPMorgan Chase & Co. Sells 20,858 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

JPMorgan Chase & Co. lessened its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 27.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,728 shares of the construction company's stock after selling 20,858 shares during the quarter. JPMorgan Chase & Co. owned 0.39% of Willdan Group worth $2,123,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Navellier & Associates Inc. lifted its stake in shares of Willdan Group by 4.4% in the 4th quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company's stock valued at $311,000 after acquiring an additional 341 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in shares of Willdan Group by 1.6% during the 4th quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company's stock worth $869,000 after buying an additional 370 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Willdan Group by 2.4% during the 4th quarter. Inspire Investing LLC now owns 21,390 shares of the construction company's stock worth $815,000 after buying an additional 501 shares in the last quarter. Rhumbline Advisers raised its position in shares of Willdan Group by 2.9% during the fourth quarter. Rhumbline Advisers now owns 20,159 shares of the construction company's stock worth $768,000 after purchasing an additional 562 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Willdan Group by 9.0% during the fourth quarter. Principal Financial Group Inc. now owns 8,207 shares of the construction company's stock worth $313,000 after purchasing an additional 677 shares during the period. Institutional investors and hedge funds own 72.29% of the company's stock.

Willdan Group Stock Performance

Shares of WLDN stock traded up $0.18 on Tuesday, hitting $39.58. 75,463 shares of the stock were exchanged, compared to its average volume of 132,288. Willdan Group, Inc. has a one year low of $27.19 and a one year high of $50.00. The firm's 50 day moving average is $38.26 and its two-hundred day moving average is $39.57. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $573.79 million, a PE ratio of 24.28 and a beta of 1.12.

Insiders Place Their Bets

In other Willdan Group news, Director Mohammad Shahidehpour sold 2,273 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total value of $89,101.60. Following the completion of the transaction, the director now owns 12,767 shares of the company's stock, valued at $500,466.40. The trade was a 15.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WLDN. Wedbush raised Willdan Group to a "strong-buy" rating in a research report on Monday, March 10th. StockNews.com lowered Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th.

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.