Willdan Group, Inc. (NASDAQ:WLDN) Shares Bought by State Street Corp

State Street Corp lifted its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 240,265 shares of the construction company’s stock after buying an additional 6,178 shares during the quarter. State Street Corp owned 1.70% of Willdan Group worth $9,839,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Willdan Group in the 3rd quarter worth about $26,000. nVerses Capital LLC raised its stake in Willdan Group by 125.0% during the third quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock valued at $37,000 after buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Willdan Group during the 3rd quarter worth approximately $44,000. ProShare Advisors LLC acquired a new position in shares of Willdan Group in the 2nd quarter worth approximately $48,000. Finally, FMR LLC increased its holdings in shares of Willdan Group by 343.6% in the 3rd quarter. FMR LLC now owns 3,935 shares of the construction company’s stock valued at $161,000 after acquiring an additional 3,048 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

WLDN has been the subject of a number of recent research reports. StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th. Wedbush reaffirmed an “outperform” rating and set a $51.00 target price on shares of Willdan Group in a report on Monday, November 4th.

Insider Transactions at Willdan Group

In other news, Director Thomas Donald Brisbin sold 7,700 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $41.69, for a total value of $321,013.00. Following the completion of the sale, the director now directly owns 422,104 shares of the company’s stock, valued at approximately $17,597,515.76. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Creighton K. Early sold 4,349 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 69,146 shares of the company’s stock, valued at approximately $2,982,266.98. This trade represents a 5.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,787 shares of company stock worth $936,061. 9.80% of the stock is owned by corporate insiders.

Willdan Group Price Performance

NASDAQ WLDN opened at $38.76 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market capitalization of $547.49 million, a price-to-earnings ratio of 23.78 and a beta of 1.36. The company has a 50 day simple moving average of $43.10 and a 200-day simple moving average of $38.31. Willdan Group, Inc. has a 52-week low of $17.23 and a 52-week high of $50.00.

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.