Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lessened its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 51.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,992 shares of the construction company’s stock after selling 126,551 shares during the quarter. Rice Hall James & Associates LLC owned 0.84% of Willdan Group worth $4,532,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in Willdan Group by 9.0% in the fourth quarter. Principal Financial Group Inc. now owns 8,207 shares of the construction company’s stock valued at $313,000 after acquiring an additional 677 shares in the last quarter. Rhumbline Advisers raised its stake in Willdan Group by 2.9% during the 4th quarter. Rhumbline Advisers now owns 20,159 shares of the construction company’s stock valued at $768,000 after acquiring an additional 562 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Willdan Group by 23.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 89,354 shares of the construction company’s stock worth $3,397,000 after purchasing an additional 16,832 shares during the period. Ausbil Investment Management Ltd boosted its holdings in shares of Willdan Group by 341.2% in the fourth quarter. Ausbil Investment Management Ltd now owns 37,910 shares of the construction company’s stock valued at $1,463,000 after acquiring an additional 29,318 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in Willdan Group by 2.4% in the 4th quarter. Inspire Investing LLC now owns 21,390 shares of the construction company’s stock valued at $815,000 after purchasing an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed an “outperform” rating and set a $51.00 price target on shares of Willdan Group in a research note on Monday, November 4th.

Willdan Group Trading Down 1.3 %

Shares of WLDN stock opened at $34.28 on Tuesday. The firm has a market cap of $484.03 million, a P/E ratio of 21.03 and a beta of 1.37. The firm’s 50-day simple moving average is $37.55 and its 200-day simple moving average is $39.91. Willdan Group, Inc. has a 1-year low of $19.70 and a 1-year high of $50.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77.

Insider Transactions at Willdan Group

In other news, CFO Creighton K. Early sold 4,349 shares of Willdan Group stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Donald Brisbin sold 7,700 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.69, for a total transaction of $321,013.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold 19,983 shares of company stock valued at $853,329 over the last 90 days. Corporate insiders own 9.80% of the company’s stock.

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.