Invesco Ltd. decreased its stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 79.5% during the fourth quarter, according to its most recent filing 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 about 0.16% of Willdan Group worth $862,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Willdan Group by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company's stock worth $28,643,000 after purchasing an additional 50,262 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Willdan Group during the 3rd quarter valued at about $15,608,000. Summit Creek Advisors LLC raised its stake in shares of Willdan Group by 1.7% in the fourth quarter. Summit Creek Advisors LLC now owns 365,153 shares of the construction company's stock worth $13,909,000 after buying an additional 6,119 shares during the period. Geode Capital Management LLC lifted its position in shares of Willdan Group by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 296,398 shares of the construction company's stock valued at $11,293,000 after acquiring an additional 1,601 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Willdan Group by 32.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 195,668 shares of the construction company's stock valued at $7,453,000 after purchasing an additional 48,094 shares in the last quarter. Institutional investors own 72.29% of the company's stock.
Insider Activity
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 transaction of $89,101.60. Following the sale, the director now directly owns 12,767 shares in the company, valued at $500,466.40. This represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.80% of the company's stock.
Willdan Group Price Performance
Shares of WLDN traded down $0.06 during trading hours on Monday, hitting $39.61. 66,611 shares of the stock were exchanged, compared to its average volume of 131,133. The company has a market cap of $574.23 million, a price-to-earnings ratio of 24.30 and a beta of 1.12. Willdan Group, Inc. has a 12-month low of $27.19 and a 12-month high of $50.00. The stock's 50-day moving average price is $38.69 and its two-hundred day moving average price is $39.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77.
Wall Street Analyst Weigh In
Several brokerages have issued reports on WLDN. StockNews.com lowered Willdan Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th. Wedbush raised shares of Willdan Group to a "strong-buy" rating in a research report on Monday, March 10th.
Read Our Latest Analysis on WLDN
Willdan Group Company Profile
(
Free Report)
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.
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