Janney Montgomery Scott LLC Acquires 4,049 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Janney Montgomery Scott LLC boosted its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 27.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,673 shares of the construction company’s stock after acquiring an additional 4,049 shares during the quarter. Janney Montgomery Scott LLC owned about 0.13% of Willdan Group worth $711,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new stake in shares of Willdan Group in the third quarter worth approximately $15,608,000. Allspring Global Investments Holdings LLC bought a new position in Willdan Group in the 3rd quarter valued at $2,970,000. Millennium Management LLC increased its stake in Willdan Group by 68.9% in the second quarter. Millennium Management LLC now owns 104,259 shares of the construction company’s stock worth $3,008,000 after purchasing an additional 42,533 shares during the period. AQR Capital Management LLC bought a new stake in shares of Willdan Group during the second quarter worth $1,096,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Willdan Group by 82.8% during the third quarter. JPMorgan Chase & Co. now owns 76,586 shares of the construction company’s stock valued at $3,136,000 after purchasing an additional 34,699 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Willdan Group

In other news, CFO Creighton K. Early sold 4,349 shares of Willdan Group stock in a transaction on Monday, December 9th. The stock was sold at an average price of $43.13, for a total value of $187,572.37. Following the transaction, the chief financial officer now directly owns 69,146 shares in the company, valued at approximately $2,982,266.98. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas Donald Brisbin sold 7,700 shares of the company’s stock in a transaction 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 sale, the director now owns 422,104 shares of the company’s stock, valued at $17,597,515.76. This trade represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,983 shares of company stock valued at $853,329 over the last ninety days. 9.80% of the stock is owned by company insiders.

Willdan Group Price Performance

WLDN opened at $34.34 on Friday. The company has a market capitalization of $484.88 million, a price-to-earnings ratio of 21.07 and a beta of 1.37. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a 12-month low of $18.92 and a 12-month high of $50.00. The business’s fifty day simple moving average is $38.77 and its 200-day simple moving average is $39.77.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated an “outperform” rating and set a $51.00 price objective on shares of Willdan Group in a report on Monday, November 4th.

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.