Wilsey Asset Management Inc. Sells 510 Shares of Willdan Group, Inc. $WLDN

Wilsey Asset Management Inc. decreased its position in Willdan Group, Inc. (NASDAQ:WLDN) by 9.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,717 shares of the construction company’s stock after selling 510 shares during the quarter. Willdan Group comprises 0.1% of Wilsey Asset Management Inc.’s holdings, making the stock its 22nd largest position. Wilsey Asset Management Inc.’s holdings in Willdan Group were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in WLDN. Allspring Global Investments Holdings LLC grew its stake in Willdan Group by 77.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company’s stock worth $6,468,000 after purchasing an additional 69,047 shares during the period. Nuveen Asset Management LLC lifted its holdings in Willdan Group by 136.0% in the fourth quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company’s stock valued at $7,925,000 after acquiring an additional 119,888 shares during the period. Meeder Asset Management Inc. lifted its holdings in Willdan Group by 193.1% in the first quarter. Meeder Asset Management Inc. now owns 9,627 shares of the construction company’s stock valued at $392,000 after acquiring an additional 6,342 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Willdan Group by 34.3% in the first quarter. Envestnet Asset Management Inc. now owns 24,002 shares of the construction company’s stock valued at $977,000 after acquiring an additional 6,125 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Willdan Group by 21.4% in the first quarter. Victory Capital Management Inc. now owns 36,249 shares of the construction company’s stock valued at $1,476,000 after acquiring an additional 6,399 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Zacks Research upgraded Willdan Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Roth Capital restated a “buy” rating and set a $103.00 price target (up previously from $62.00) on shares of Willdan Group in a report on Tuesday, August 5th. Finally, Wedbush raised their price objective on Willdan Group from $85.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $111.50.

Willdan Group Stock Performance

NASDAQ:WLDN opened at $98.03 on Wednesday. The firm has a market capitalization of $1.44 billion, a PE ratio of 41.02 and a beta of 1.30. The business’s fifty day moving average price is $99.21 and its 200 day moving average price is $66.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.43 and a quick ratio of 1.43. Willdan Group, Inc. has a 12 month low of $30.43 and a 12 month high of $121.00.

Insider Transactions at Willdan Group

In related news, Director Wanda Kay Reder sold 850 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $119.46, for a total value of $101,541.00. Following the completion of the sale, the director owned 10,676 shares in the company, valued at $1,275,354.96. This trade represents a 7.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Micah Chen sold 10,000 shares of Willdan Group stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $106.00, for a total transaction of $1,060,000.00. Following the sale, the vice president owned 40,423 shares of the company’s stock, valued at approximately $4,284,838. The trade was a 19.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 416,439 shares of company stock valued at $44,925,389 over the last 90 days. Insiders own 8.60% 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.