Willdan Group, Inc. (NASDAQ:WLDN) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Willdan Group, Inc. (NASDAQ:WLDN) by 82.8% in the third quarter, Holdings Channel reports. The firm owned 76,586 shares of the construction company’s stock after purchasing an additional 34,699 shares during the quarter. JPMorgan Chase & Co.’s holdings in Willdan Group were worth $3,136,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WLDN. Quantbot Technologies LP bought a new position in Willdan Group during the 3rd quarter worth approximately $26,000. nVerses Capital LLC lifted its stake in Willdan Group by 125.0% during the third quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Willdan Group during the third quarter worth $44,000. ProShare Advisors LLC acquired a new position in Willdan Group in the second quarter worth $48,000. Finally, FMR LLC increased its stake in Willdan Group by 343.6% during the third quarter. FMR LLC now owns 3,935 shares of the construction company’s stock valued at $161,000 after purchasing an additional 3,048 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Insider Transactions at Willdan Group

In other Willdan Group news, CEO Michael A. Bieber sold 1,804 shares of Willdan Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total transaction of $82,731.44. Following the sale, the chief executive officer now owns 173,654 shares of the company’s stock, valued at $7,963,772.44. The trade was a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Creighton K. Early sold 4,349 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $43.13, for a total value of $187,572.37. Following the completion of the transaction, the chief financial officer now directly owns 69,146 shares of the company’s stock, valued at approximately $2,982,266.98. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,787 shares of company stock worth $936,061. Insiders own 9.80% of the company’s stock.

Willdan Group Price Performance

Shares of WLDN opened at $38.09 on Monday. 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 company has a market cap of $538.02 million, a P/E ratio of 23.37 and a beta of 1.38. Willdan Group, Inc. has a 12 month low of $18.15 and a 12 month high of $50.00. The stock has a fifty day moving average price of $40.49 and a 200 day moving average price of $39.37.

Wall Street Analyst Weigh In

WLDN has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $51.00 price target on shares of Willdan Group in a research report on Monday, November 4th. StockNews.com cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th.

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.