First Trust Advisors LP Purchases 11,806 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

First Trust Advisors LP boosted its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,545 shares of the construction company's stock after purchasing an additional 11,806 shares during the quarter. First Trust Advisors LP owned 1.11% of Willdan Group worth $5,963,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Lord Abbett & CO. LLC acquired a new position in shares of Willdan Group in the third quarter valued at $15,608,000. JPMorgan Chase & Co. raised its stake in shares of Willdan Group by 82.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 76,586 shares of the construction company's stock valued at $3,136,000 after buying an additional 34,699 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Willdan Group during the 3rd quarter worth about $351,000. Geode Capital Management LLC boosted its position in shares of Willdan Group by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company's stock valued at $12,075,000 after acquiring an additional 1,514 shares in the last quarter. Finally, Barclays PLC raised its position in Willdan Group by 245.7% in the third quarter. Barclays PLC now owns 17,301 shares of the construction company's stock worth $708,000 after purchasing an additional 12,297 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Willdan Group Price Performance

NASDAQ:WLDN traded up $0.38 on Monday, reaching $40.05. The stock had a trading volume of 33,812 shares, compared to its average volume of 131,012. Willdan Group, Inc. has a 1-year low of $27.19 and a 1-year high of $50.00. The stock has a fifty day moving average price of $38.69 and a 200-day moving average price of $39.41. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $580.53 million, a P/E ratio of 24.57 and a beta of 1.12.

Wall Street Analyst Weigh In

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

Insider Activity at Willdan Group

In other Willdan Group news, Director Mohammad Shahidehpour sold 2,273 shares of the business's stock in a transaction dated 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 directly owns 12,767 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 9.80% of the company's stock.

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.