Victory Capital Management Inc. Lowers Stake in Willdan Group, Inc. (NASDAQ:WLDN)

Victory Capital Management Inc. trimmed its holdings in Willdan Group, Inc. (NASDAQ:WLDN) by 8.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 31,274 shares of the construction company’s stock after selling 2,976 shares during the period. Victory Capital Management Inc.’s holdings in Willdan Group were worth $1,281,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. nVerses Capital LLC lifted its holdings in Willdan Group by 125.0% in the third quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock valued at $37,000 after acquiring an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Willdan Group during the third quarter worth about $44,000. ProShare Advisors LLC acquired a new position in Willdan Group during the second quarter worth about $48,000. Acadian Asset Management LLC increased its holdings in Willdan Group by 168.3% in the first quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock valued at $78,000 after buying an additional 1,725 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Willdan Group by 73.6% during the 1st quarter. Lazard Asset Management LLC now owns 6,800 shares of the construction company’s stock valued at $197,000 after acquiring an additional 2,882 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Willdan Group Trading Up 0.3 %

Willdan Group stock opened at $43.12 on Wednesday. The firm has a market capitalization of $608.85 million, a price-to-earnings ratio of 26.39 and a beta of 1.39. 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 firm has a 50-day moving average price of $43.23 and a two-hundred day moving average price of $36.86. Willdan Group, Inc. has a 52-week low of $17.23 and a 52-week high of $50.00.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WLDN. Roth Mkm lifted their price objective on Willdan Group from $34.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $51.00 target price on shares of Willdan Group in a research note on Monday, November 4th.

Insiders Place Their Bets

In other Willdan Group news, CEO Michael A. Bieber sold 1,804 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total value of $82,731.44. Following the completion of the sale, the chief executive officer now owns 173,654 shares in the company, valued at approximately $7,963,772.44. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.80% of the company’s stock.

About Willdan Group

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.