Handelsbanken Fonder AB Sells 229,333 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Handelsbanken Fonder AB reduced its position in Willdan Group, Inc. (NASDAQ:WLDN) by 56.2% during the first quarter, HoldingsChannel reports. The fund owned 178,384 shares of the construction company’s stock after selling 229,333 shares during the quarter. Handelsbanken Fonder AB’s holdings in Willdan Group were worth $7,264,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nuveen Asset Management LLC raised its stake in Willdan Group by 136.0% in the 4th 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. Principal Financial Group Inc. raised its stake in Willdan Group by 9.0% in the 4th quarter. Principal Financial Group Inc. now owns 8,207 shares of the construction company’s stock valued at $313,000 after acquiring an additional 677 shares during the period. Deutsche Bank AG raised its stake in Willdan Group by 358.0% in the 4th quarter. Deutsche Bank AG now owns 34,935 shares of the construction company’s stock valued at $1,331,000 after acquiring an additional 27,308 shares during the period. Ameriprise Financial Inc. raised its stake in Willdan Group by 47.0% in the 4th quarter. Ameriprise Financial Inc. now owns 91,269 shares of the construction company’s stock valued at $3,476,000 after acquiring an additional 29,169 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Willdan Group by 23.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,354 shares of the construction company’s stock valued at $3,397,000 after acquiring an additional 16,832 shares during the period. 72.29% of the stock is currently owned by institutional investors.

Willdan Group Trading Up 0.3%

Shares of WLDN opened at $56.34 on Friday. The business’s 50-day moving average price is $45.42 and its 200-day moving average price is $40.72. Willdan Group, Inc. has a twelve month low of $27.19 and a twelve month high of $58.00. The stock has a market cap of $816.76 million, a PE ratio of 34.56 and a beta of 1.23. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

WLDN has been the topic of a number of research reports. Wall Street Zen 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 report on Monday, March 10th.

Insider Activity

In related news, Director Thomas Donald Brisbin sold 1,626 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $51.54, for a total value of $83,804.04. Following the transaction, the director now directly owns 422,454 shares in the company, valued at approximately $21,773,279.16. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Creighton K. Early sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $53.28, for a total transaction of $266,400.00. Following the completion of the transaction, the chief financial officer now owns 72,071 shares in the company, valued at approximately $3,839,942.88. This trade represents a 6.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,000 shares of company stock worth $4,994,075 over the last ninety days. Company insiders own 8.60% of the company’s stock.

Willdan Group 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.