Victory Capital Management Inc. Sells 2,976 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Victory Capital Management Inc. reduced its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 8.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,274 shares of the construction company’s stock after selling 2,976 shares during the quarter. Victory Capital Management Inc. owned 0.22% of Willdan Group worth $1,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of WLDN. Wulff Hansen & CO. increased its position in Willdan Group by 2,785.0% during the second quarter. Wulff Hansen & CO. now owns 668,310 shares of the construction company’s stock valued at $19,281,000 after acquiring an additional 645,145 shares during the last quarter. Swedbank AB bought a new position in Willdan Group in the first quarter worth approximately $12,628,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Willdan Group during the 3rd quarter worth $2,970,000. Acadian Asset Management LLC increased its stake in shares of Willdan Group by 1,905.2% in the 2nd quarter. Acadian Asset Management LLC now owns 55,144 shares of the construction company’s stock worth $1,588,000 after purchasing an additional 52,394 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Willdan Group by 339.9% in the 2nd quarter. Renaissance Technologies LLC now owns 55,426 shares of the construction company’s stock worth $1,599,000 after purchasing an additional 42,826 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Willdan Group Stock Performance

Shares of NASDAQ:WLDN opened at $43.12 on Wednesday. Willdan Group, Inc. has a one year low of $17.23 and a one year high of $50.00. The firm has a market cap of $608.85 million, a PE ratio of 26.39 and a beta of 1.39. The firm’s 50 day simple moving average is $43.23 and its 200-day simple moving average is $36.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77.

Analyst Upgrades and Downgrades

WLDN has been the topic of a number of recent analyst reports. StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Roth Mkm boosted their price target on Willdan Group from $34.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $51.00 price objective on shares of Willdan Group in a report on Monday, November 4th.

Insider Buying and Selling

In other Willdan Group news, CEO Michael A. Bieber sold 1,804 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total transaction of $82,731.44. Following the sale, the chief executive officer now owns 173,654 shares in the company, valued at approximately $7,963,772.44. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.80% of the stock is currently owned by company insiders.

Willdan Group Company 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.