Invesco Ltd. Sells 88,005 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Invesco Ltd. lowered its stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 79.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,641 shares of the construction company's stock after selling 88,005 shares during the period. Invesco Ltd. owned approximately 0.16% of Willdan Group worth $862,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WLDN. Farther Finance Advisors LLC bought a new stake in shares of Willdan Group in the fourth quarter valued at about $40,000. Meeder Asset Management Inc. bought a new stake in shares of Willdan Group during the fourth quarter valued at approximately $125,000. Quantbot Technologies LP raised its stake in shares of Willdan Group by 626.5% in the fourth quarter. Quantbot Technologies LP now owns 4,526 shares of the construction company's stock valued at $172,000 after purchasing an additional 3,903 shares in the last quarter. Moran Wealth Management LLC bought a new position in Willdan Group in the fourth quarter worth $201,000. Finally, Principal Financial Group Inc. acquired a new stake in Willdan Group during the third quarter worth $308,000. Institutional investors own 72.29% of the company's stock.

Wall Street Analysts Forecast Growth

WLDN has been the subject of a number of analyst reports. StockNews.com downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Wedbush upgraded Willdan Group to a "strong-buy" rating in a research report on Monday, March 10th.

Insiders Place Their Bets

In other news, Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total value of $89,101.60. Following the completion of the sale, the director now directly owns 12,767 shares of the company's stock, valued at approximately $500,466.40. This trade represents a 15.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.80% of the company's stock.

Willdan Group Price Performance

Shares of NASDAQ:WLDN traded down $0.17 during trading on Wednesday, reaching $39.99. The stock had a trading volume of 79,269 shares, compared to its average volume of 130,733. The stock has a market capitalization of $579.66 million, a PE ratio of 24.53 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. Willdan Group, Inc. has a 52 week low of $27.19 and a 52 week high of $50.00. The business's 50-day moving average price is $39.11 and its 200 day moving average price is $39.38.

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.