Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Invesco Ltd.

Invesco Ltd. cut its holdings in Willdan Group, Inc. (NASDAQ:WLDN) by 79.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,641 shares of the construction company’s stock after selling 88,005 shares during the period. Invesco Ltd. owned about 0.16% of Willdan Group worth $862,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new position in shares of Willdan Group in the 4th quarter worth $40,000. Meeder Asset Management Inc. acquired a new stake in Willdan Group during the fourth quarter worth about $125,000. Quantbot Technologies LP raised its holdings in shares of Willdan Group by 626.5% in the 4th quarter. Quantbot Technologies LP now owns 4,526 shares of the construction company’s stock worth $172,000 after purchasing an additional 3,903 shares during the period. Moran Wealth Management LLC acquired a new position in shares of Willdan Group in the 4th quarter valued at about $201,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Willdan Group during the 3rd quarter worth about $308,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Willdan Group

In other Willdan Group news, Director Mohammad Shahidehpour sold 2,273 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $500,466.40. The trade was a 15.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.80% of the stock is owned by insiders.

Willdan Group Stock Performance

NASDAQ:WLDN opened at $39.53 on Friday. The firm has a market capitalization of $573.07 million, a PE ratio of 24.25 and a beta of 1.12. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a 1 year low of $27.19 and a 1 year high of $50.00. The firm’s fifty day simple moving average is $38.55 and its 200 day simple moving average is $39.54.

Analyst Ratings Changes

A number of research analysts have commented on WLDN shares. StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th. Wedbush upgraded Willdan Group to a “strong-buy” rating in a research note on Monday, March 10th.

About Willdan Group

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.