Swedbank AB lowered its holdings in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) by 15.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 369,200 shares of the construction company's stock after selling 66,400 shares during the period. Swedbank AB owned approximately 2.61% of Willdan Group worth $15,119,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in WLDN. Wulff Hansen & CO. boosted its stake in shares of Willdan Group by 2,785.0% in the second quarter. Wulff Hansen & CO. now owns 668,310 shares of the construction company's stock valued at $19,281,000 after buying an additional 645,145 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Willdan Group by 14.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 324,145 shares of the construction company's stock valued at $9,351,000 after acquiring an additional 41,367 shares during the period. Essex Investment Management Co. LLC grew its holdings in shares of Willdan Group by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 155,761 shares of the construction company's stock worth $6,378,000 after purchasing an additional 538 shares in the last quarter. Millennium Management LLC increased its position in shares of 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. Finally, Marshall Wace LLP raised its stake in Willdan Group by 52.9% in the second quarter. Marshall Wace LLP now owns 78,110 shares of the construction company's stock valued at $2,253,000 after purchasing an additional 27,009 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company's stock.
In related news, CEO Michael A. Bieber sold 1,804 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $45.86, for a total value of $82,731.44. Following the sale, the chief executive officer now owns 173,654 shares of the company's stock, valued at $7,963,772.44. The trade was a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 9.80% of the company's stock.
Several equities analysts have commented on WLDN shares. StockNews.com lowered shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 9th. Wedbush reissued an "outperform" rating and issued a $51.00 price objective on shares of Willdan Group in a research note on Monday, November 4th. Finally, Roth Mkm raised their price target on shares of Willdan Group from $34.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, August 2nd.
View Our Latest Research Report on Willdan Group
Shares of WLDN stock opened at $43.12 on Wednesday. Willdan Group, Inc. has a twelve month low of $17.23 and a twelve month high of $50.00. The stock's fifty day simple moving average is $43.23 and its 200 day simple moving average is $36.86. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $608.85 million, a P/E ratio of 26.45 and a beta of 1.39.
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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