Rhumbline Advisers Has $790,000 Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Rhumbline Advisers cut its stake in Willdan Group, Inc. (NASDAQ:WLDN) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,406 shares of the construction company’s stock after selling 753 shares during the quarter. Rhumbline Advisers owned 0.13% of Willdan Group worth $790,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in Willdan Group by 2,934.0% during the 4th quarter. Wells Fargo & Company MN now owns 175,334 shares of the construction company’s stock valued at $6,678,000 after purchasing an additional 169,555 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Willdan Group by 136.0% in the fourth quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company’s stock worth $7,925,000 after acquiring an additional 119,888 shares during the period. Alliancebernstein L.P. acquired a new position in Willdan Group in the fourth quarter valued at approximately $2,389,000. Lord Abbett & CO. LLC increased its holdings in shares of Willdan Group by 13.4% during the fourth quarter. Lord Abbett & CO. LLC now owns 432,135 shares of the construction company’s stock valued at $16,460,000 after acquiring an additional 51,003 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Willdan Group by 7.2% during the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company’s stock valued at $28,643,000 after acquiring an additional 50,262 shares in the last quarter. 72.29% of the stock is owned by institutional investors.

Willdan Group Trading Down 2.1%

NASDAQ WLDN opened at $57.76 on Friday. Willdan Group, Inc. has a fifty-two week low of $27.19 and a fifty-two week high of $59.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a 50 day simple moving average of $47.78 and a two-hundred day simple moving average of $41.32. The stock has a market cap of $837.52 million, a P/E ratio of 34.18 and a beta of 1.23.

Insider Activity

In related news, CFO Creighton K. Early sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $53.28, for a total value of $266,400.00. Following the completion of the sale, the chief financial officer now directly owns 72,071 shares of the company’s stock, valued at $3,839,942.88. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Donald Brisbin sold 22,459 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $52.34, for a total transaction of $1,175,504.06. Following the completion of the sale, the director now directly owns 422,454 shares of the company’s stock, valued at $22,111,242.36. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,000 shares of company stock worth $4,994,075 in the last ninety days. Company insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on WLDN shares. Wedbush upgraded Willdan Group to a “strong-buy” rating in a research note on Monday, March 10th. Wall Street Zen cut Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 19th.

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.