Charles Schwab Investment Management Inc. Grows Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Charles Schwab Investment Management Inc. grew its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,533 shares of the construction company’s stock after acquiring an additional 964 shares during the period. Charles Schwab Investment Management Inc. owned about 0.26% of Willdan Group worth $1,496,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC grew its position in Willdan Group by 125.0% in the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Willdan Group in the 3rd quarter worth about $44,000. ProShare Advisors LLC acquired a new position in Willdan Group in the 2nd quarter valued at approximately $48,000. Intech Investment Management LLC acquired a new stake in Willdan Group during the third quarter valued at $208,000. Finally, Magnetar Financial LLC acquired a new position in Willdan Group in the second quarter worth approximately $235,000. 72.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WLDN shares. Wedbush restated an “outperform” rating and issued a $51.00 target price on shares of Willdan Group in a report on Monday, November 4th. StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th.

Willdan Group Stock Up 2.0 %

Shares of NASDAQ:WLDN opened at $41.64 on Tuesday. 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 one year low of $17.23 and a one year high of $50.00. The company has a 50 day moving average of $43.84 and a 200-day moving average of $38.02. The stock has a market cap of $588.17 million, a price-to-earnings ratio of 25.55 and a beta of 1.36.

Insiders Place Their Bets

In other news, CFO Creighton K. Early sold 4,349 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $43.13, for a total transaction of $187,572.37. Following the completion of the transaction, the chief financial officer now directly owns 69,146 shares of the company’s stock, valued at $2,982,266.98. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Donald Brisbin sold 7,700 shares of Willdan Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $41.69, for a total transaction of $321,013.00. Following the completion of the sale, the director now owns 422,104 shares in the company, valued at $17,597,515.76. The trade was a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,787 shares of company stock worth $936,061. Insiders own 9.80% of the company’s stock.

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.