Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in Willdan Group, Inc. (NASDAQ:WLDN) by 21.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,107 shares of the construction company’s stock after selling 11,795 shares during the period. Los Angeles Capital Management LLC owned about 0.31% of Willdan Group worth $1,642,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WLDN. Principal Financial Group Inc. purchased a new position in Willdan Group in the third quarter valued at about $308,000. Quest Partners LLC purchased a new stake in shares of Willdan Group during the 3rd quarter valued at about $373,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Willdan Group by 56.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,612 shares of the construction company’s stock valued at $1,868,000 after buying an additional 16,394 shares during the period. Intech Investment Management LLC acquired a new position in Willdan Group during the 3rd quarter worth approximately $208,000. Finally, Navellier & Associates Inc. purchased a new position in Willdan Group in the 3rd quarter worth approximately $320,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $51.00 price objective on shares of Willdan Group in a research note on Monday, November 4th. StockNews.com raised shares of Willdan Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st.

Willdan Group Price Performance

Shares of NASDAQ WLDN opened at $32.70 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a fifty-two week low of $19.70 and a fifty-two week high of $50.00. The business has a 50 day moving average price of $36.25 and a two-hundred day moving average price of $39.67. The firm has a market cap of $461.89 million, a PE ratio of 20.06 and a beta of 1.37.

Insider Activity

In related news, CFO Creighton K. Early sold 4,349 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $43.13, for a total value of $187,572.37. Following the sale, the chief financial officer now directly owns 69,146 shares of the company’s stock, valued at $2,982,266.98. This represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 9.80% of the company’s stock.

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.