Swedbank AB Has $15.12 Million Stake in Willdan Group, Inc. (NASDAQ:WLDN)

Swedbank AB cut its position in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 15.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 369,200 shares of the construction company’s stock after selling 66,400 shares during the quarter. Swedbank AB’s holdings in Willdan Group were worth $15,119,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of WLDN. Wulff Hansen & CO. grew its holdings in Willdan Group by 2,785.0% during the 2nd quarter. Wulff Hansen & CO. now owns 668,310 shares of the construction company’s stock worth $19,281,000 after acquiring an additional 645,145 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Willdan Group in the third quarter worth approximately $2,970,000. Acadian Asset Management LLC lifted its stake in Willdan Group by 1,905.2% in the second quarter. Acadian Asset Management LLC now owns 55,144 shares of the construction company’s stock valued at $1,588,000 after buying an additional 52,394 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Willdan Group by 339.9% during the 2nd quarter. Renaissance Technologies LLC now owns 55,426 shares of the construction company’s stock worth $1,599,000 after buying an additional 42,826 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Willdan Group during the 1st quarter worth approximately $1,239,000. Institutional investors own 72.29% of the company’s stock.

Willdan Group Stock Up 0.3 %

Willdan Group stock opened at $43.12 on Wednesday. The firm has a market capitalization of $608.85 million, a price-to-earnings ratio of 26.45 and a beta of 1.39. The firm’s fifty day moving average price is $43.23 and its two-hundred day moving average price is $36.86. Willdan Group, Inc. has a 1-year low of $17.23 and a 1-year high of $50.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling at Willdan Group

In other news, CEO Michael A. Bieber sold 1,804 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total value of $82,731.44. Following the transaction, the chief executive officer now owns 173,654 shares in the company, valued at $7,963,772.44. This trade represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.80% of the company’s stock.

Wall Street Analysts Forecast Growth

WLDN has been the topic of several research analyst reports. StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Wedbush reaffirmed an “outperform” rating and issued a $51.00 target price on shares of Willdan Group in a research report on Monday, November 4th. Finally, Roth Mkm increased their price target on Willdan Group from $34.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.

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.