Connor Clark & Lunn Investment Management Ltd. Trims Stock Position in Willdan Group, Inc. (NASDAQ:WLDN)

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 28.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,574 shares of the construction company’s stock after selling 13,038 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.23% of Willdan Group worth $1,241,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WLDN. Farther Finance Advisors LLC purchased a new position in Willdan Group during the fourth quarter worth $40,000. Moran Wealth Management LLC acquired a new stake in shares of Willdan Group during the fourth quarter valued at $201,000. Charles Schwab Investment Management Inc. increased its position in Willdan Group by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 43,287 shares of the construction company’s stock worth $1,649,000 after purchasing an additional 6,754 shares in the last quarter. Navellier & Associates Inc. raised its stake in Willdan Group by 4.4% in the 4th quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company’s stock valued at $311,000 after purchasing an additional 341 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Willdan Group by 9.0% in the 4th quarter. Principal Financial Group Inc. now owns 8,207 shares of the construction company’s stock valued at $313,000 after purchasing an additional 677 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WLDN has been the subject of a number of recent research reports. StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Wedbush upgraded shares of Willdan Group to a “strong-buy” rating in a research report on Monday, March 10th.

Willdan Group Stock Up 2.2 %

Shares of NASDAQ:WLDN opened at $42.83 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. The firm has a market cap of $617.09 million, a price-to-earnings ratio of 26.28 and a beta of 1.41. The stock’s 50-day moving average price is $36.12 and its two-hundred day moving average price is $39.71. Willdan Group, Inc. has a 12-month low of $25.91 and a 12-month high of $50.00.

Insider Transactions at Willdan Group

In other news, Director Mohammad Shahidehpour sold 2,273 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the sale, the director now directly owns 12,767 shares in the company, valued at $500,466.40. This represents a 15.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.