Willdan Group, Inc. (NASDAQ:WLDN) Shares Sold by Rock Point Advisors LLC

Rock Point Advisors LLC lowered its position in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 26.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,422 shares of the construction company’s stock after selling 71,512 shares during the quarter. Willdan Group makes up about 2.3% of Rock Point Advisors LLC’s holdings, making the stock its 16th largest holding. Rock Point Advisors LLC owned 1.44% of Willdan Group worth $8,330,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FMR LLC grew its position in Willdan Group by 343.6% in the third quarter. FMR LLC now owns 3,935 shares of the construction company’s stock worth $161,000 after acquiring an additional 3,048 shares during the period. Quantbot Technologies LP purchased a new position in Willdan Group in the third quarter valued at $26,000. The Manufacturers Life Insurance Company acquired a new stake in Willdan Group in the third quarter valued at $201,000. Charles Schwab Investment Management Inc. increased its position in shares of Willdan Group by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 36,533 shares of the construction company’s stock worth $1,496,000 after purchasing an additional 964 shares in the last quarter. Finally, Navellier & Associates Inc. acquired a new position in Willdan Group in the 3rd quarter valued at about $320,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Activity

In other news, CEO Michael A. Bieber sold 1,804 shares of the business’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 directly owns 173,654 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 9.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. StockNews.com lowered Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th. Roth Mkm boosted their price target on Willdan Group from $34.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Wedbush reissued an “outperform” rating and set a $51.00 price target on shares of Willdan Group in a research report on Monday, November 4th.

Willdan Group Stock Down 0.7 %

WLDN stock traded down $0.29 during midday trading on Tuesday, hitting $42.72. 3,681 shares of the company’s stock were exchanged, compared to its average volume of 104,532. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a 12-month low of $17.23 and a 12-month high of $50.00. The firm has a 50 day moving average price of $43.15 and a 200-day moving average price of $36.80. The stock has a market capitalization of $603.21 million, a price-to-earnings ratio of 26.39 and a beta of 1.39.

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.