Russell Investments Group Ltd. Lowers Position in Willdan Group, Inc. (NASDAQ:WLDN)

Russell Investments Group Ltd. decreased its position in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 58,047 shares of the construction company’s stock after selling 1,127 shares during the period. Russell Investments Group Ltd.’s holdings in Willdan Group were worth $2,211,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Lord Abbett & CO. LLC bought a new position in Willdan Group in the third quarter worth $15,608,000. JPMorgan Chase & Co. lifted its position in Willdan Group by 82.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 76,586 shares of the construction company’s stock valued at $3,136,000 after acquiring an additional 34,699 shares during the period. Geode Capital Management LLC boosted its stake in Willdan Group by 0.5% during the third quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company’s stock worth $12,075,000 after acquiring an additional 1,514 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Willdan Group in the third quarter worth about $351,000. Finally, Barclays PLC increased its stake in shares of Willdan Group by 245.7% during the third quarter. Barclays PLC now owns 17,301 shares of the construction company’s stock valued at $708,000 after purchasing an additional 12,297 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th. Wedbush raised Willdan Group to a “strong-buy” rating in a research report on Monday, March 10th.

Insider Transactions at Willdan Group

In other news, Director Mohammad Shahidehpour sold 2,273 shares of the firm’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 sale, the director now owns 12,767 shares of the company’s stock, valued at $500,466.40. This trade represents a 15.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 9.80% of the company’s stock.

Willdan Group Price Performance

Shares of NASDAQ WLDN opened at $38.48 on Friday. The firm has a market cap of $554.42 million, a P/E ratio of 23.61 and a beta of 1.12. Willdan Group, Inc. has a twelve month low of $26.40 and a twelve month high of $50.00. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $37.58 and a 200 day moving average of $39.84.

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.