Meeder Asset Management Inc. Invests $125,000 in Willdan Group, Inc. (NASDAQ:WLDN)

Meeder Asset Management Inc. acquired a new stake in Willdan Group, Inc. (NASDAQ:WLDN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,285 shares of the construction company’s stock, valued at approximately $125,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lord Abbett & CO. LLC acquired a new stake in shares of Willdan Group in the 3rd quarter valued at $15,608,000. Vanguard Group Inc. raised its stake in Willdan Group by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company’s stock valued at $28,643,000 after buying an additional 50,262 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Willdan Group by 32.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 195,668 shares of the construction company’s stock worth $7,453,000 after buying an additional 48,094 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Willdan Group by 82.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,586 shares of the construction company’s stock worth $3,136,000 after acquiring an additional 34,699 shares in the last quarter. Finally, Ausbil Investment Management Ltd increased its holdings in shares of Willdan Group by 341.2% in the 4th 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 during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Willdan Group news, Director Mohammad Shahidehpour sold 2,273 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total transaction of $89,101.60. Following the transaction, the director now directly owns 12,767 shares of the company’s stock, valued at approximately $500,466.40. This trade represents a 15.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 9.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th. Wedbush upgraded shares of Willdan Group to a “strong-buy” rating in a research report on Monday, March 10th.

Willdan Group Stock Up 0.3 %

WLDN opened at $40.83 on Wednesday. The stock has a market capitalization of $588.28 million, a P/E ratio of 25.05 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. Willdan Group, Inc. has a one year low of $25.91 and a one year high of $50.00. The business’s 50-day simple moving average is $36.91 and its 200-day simple moving average is $39.97.

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.