Whittier Trust Co. Takes Position in Willdan Group, Inc. (NASDAQ:WLDN)

Whittier Trust Co. bought a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,836 shares of the construction company’s stock, valued at approximately $641,000. Whittier Trust Co. owned 0.12% of Willdan Group at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WLDN. Lord Abbett & CO. LLC bought a new position in Willdan Group during the 3rd quarter worth $15,608,000. JPMorgan Chase & Co. raised its position in shares of Willdan Group by 82.8% during the third quarter. JPMorgan Chase & Co. now owns 76,586 shares of the construction company’s stock worth $3,136,000 after acquiring an additional 34,699 shares during the last quarter. Ausbil Investment Management Ltd raised its holdings in Willdan Group by 341.2% during the 4th quarter. Ausbil Investment Management Ltd now owns 37,910 shares of the construction company’s stock worth $1,463,000 after purchasing an additional 29,318 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Willdan Group by 364.5% during the third quarter. BNP Paribas Financial Markets now owns 25,139 shares of the construction company’s stock worth $1,029,000 after buying an additional 19,727 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of 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 purchasing an additional 16,832 shares during the period. 72.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WLDN has been the subject of several recent analyst reports. Wedbush raised Willdan Group to a “strong-buy” rating in a research note on Monday, March 10th. StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Willdan Group Stock Performance

Shares of Willdan Group stock opened at $41.96 on Friday. The business has a 50-day simple moving average of $36.38 and a 200 day simple moving average of $39.77. Willdan Group, Inc. has a one year low of $25.91 and a one year high of $50.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market capitalization of $604.56 million, a price-to-earnings ratio of 25.74 and a beta of 1.41.

Insider Activity

In other news, Director Mohammad Shahidehpour sold 2,273 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were 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 $500,466.40. The trade was a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 9.80% of the company’s stock.

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.