Allspring Global Investments Holdings LLC lifted its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN – Free Report) by 25.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 178,805 shares of the construction company’s stock after acquiring an additional 35,706 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Willdan Group were worth $19,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Spire Wealth Management bought a new position in Willdan Group during the fourth quarter valued at approximately $26,000. Cadent Capital Advisors LLC bought a new stake in Willdan Group in the 4th quarter worth approximately $1,181,000. Avanza Fonder AB bought a new stake in Willdan Group in the 4th quarter worth approximately $58,000. SG Americas Securities LLC raised its stake in Willdan Group by 601.5% during the 4th quarter. SG Americas Securities LLC now owns 60,357 shares of the construction company’s stock valued at $6,257,000 after buying an additional 51,753 shares during the last quarter. Finally, Diversified Trust Co. lifted its holdings in shares of Willdan Group by 4.7% during the 4th quarter. Diversified Trust Co. now owns 4,308 shares of the construction company’s stock valued at $447,000 after buying an additional 192 shares during the period. 72.29% of the stock is currently owned by institutional investors.
Willdan Group Stock Performance
WLDN opened at $80.34 on Friday. The company has a 50 day simple moving average of $99.36 and a two-hundred day simple moving average of $101.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $1.19 billion, a P/E ratio of 23.09 and a beta of 1.12. Willdan Group, Inc. has a 1-year low of $36.43 and a 1-year high of $137.00.
Insider Transactions at Willdan Group
In other Willdan Group news, Director Steven A. Cohen sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $81.82, for a total transaction of $490,920.00. Following the sale, the director directly owned 20,849 shares of the company’s stock, valued at $1,705,865.18. This trade represents a 22.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on WLDN shares. Wall Street Zen downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 14th. Zacks Research downgraded Willdan Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Willdan Group in a research report on Monday, December 29th. Wedbush boosted their price target on Willdan Group from $120.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, January 14th. Finally, Compass Point set a $125.00 price target on shares of Willdan Group in a research report on Friday, January 2nd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Willdan Group currently has a consensus rating of “Moderate Buy” and an average price target of $124.33.
Check Out Our Latest Stock Analysis on WLDN
About Willdan Group
Willdan Group, Inc provides energy efficiency, infrastructure engineering, and technical consulting services to a diverse range of public and private sector clients. The company works with utilities, municipalities, state and federal agencies, and commercial enterprises to design, implement, and manage programs that promote sustainable energy use, grid modernization, and resilient infrastructure. Willdan’s offerings span program design and implementation, energy audits, measurement and verification, and project management for both new construction and retrofit initiatives.
Core services include energy advisory and engineering solutions, including feasibility studies, facility commissioning and retro-commissioning, $0 down financing for energy projects, and demand response program development.
Further Reading
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