Summit Global Investments Acquires New Position in Willdan Group, Inc. (NASDAQ:WLDN)

Summit Global Investments acquired a new stake in Willdan Group, Inc. (NASDAQ:WLDN) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 19,905 shares of the construction company’s stock, valued at approximately $758,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC acquired a new stake in Willdan Group in the third quarter valued at about $15,608,000. JPMorgan Chase & Co. lifted its position in Willdan Group by 82.8% in the third quarter. JPMorgan Chase & Co. now owns 76,586 shares of the construction company’s stock valued at $3,136,000 after purchasing an additional 34,699 shares during the period. Franklin Resources Inc. acquired a new stake in Willdan Group in the third quarter valued at about $351,000. Geode Capital Management LLC lifted its position in Willdan Group by 0.5% in the third quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company’s stock valued at $12,075,000 after purchasing an additional 1,514 shares during the period. Finally, Barclays PLC lifted its position in Willdan Group by 245.7% in 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 during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Willdan Group Price Performance

WLDN stock opened at $41.96 on Monday. The firm has a 50 day moving average of $36.38 and a 200-day moving average of $39.78. Willdan Group, Inc. has a 12-month low of $25.91 and a 12-month high of $50.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. The company has a market cap of $604.56 million, a price-to-earnings ratio of 25.74 and a beta of 1.41.

Insider Activity

In related news, Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the transaction, the director now directly owns 12,767 shares in the company, valued at $500,466.40. The trade was a 15.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WLDN shares. StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 19th. Wedbush upgraded shares of Willdan Group to a “strong-buy” rating in a research report on Monday, March 10th.

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.