Perritt Capital Management Inc Raises Stock Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Perritt Capital Management Inc lifted its holdings in Willdan Group, Inc. (NASDAQ:WLDN) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,000 shares of the construction company’s stock after purchasing an additional 1,000 shares during the quarter. Perritt Capital Management Inc’s holdings in Willdan Group were worth $343,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new position in Willdan Group during the third quarter valued at $15,608,000. JPMorgan Chase & Co. raised its holdings 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 buying an additional 34,699 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Willdan Group in the third quarter valued at $351,000. Geode Capital Management LLC grew its holdings in Willdan Group by 0.5% during the 3rd 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 last quarter. Finally, Barclays PLC raised its position in Willdan Group by 245.7% in the 3rd quarter. Barclays PLC now owns 17,301 shares of the construction company’s stock worth $708,000 after purchasing an additional 12,297 shares during the period. Institutional investors own 72.29% of the company’s stock.

Insiders Place Their Bets

In other Willdan Group news, Director Mohammad Shahidehpour sold 2,273 shares of the stock in a transaction 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 sale, the director now owns 12,767 shares of the company’s stock, valued at approximately $500,466.40. This trade represents a 15.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wedbush upgraded Willdan Group to a “strong-buy” rating in a research report on Monday, March 10th. StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 19th.

Willdan Group Stock Performance

Shares of Willdan Group stock opened at $40.83 on Wednesday. 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 stock’s fifty day moving average price is $36.91 and its 200-day moving average price is $39.97. The firm has a market cap of $588.28 million, a P/E ratio of 25.05 and a beta of 1.41. Willdan Group, Inc. has a 12 month low of $25.91 and a 12 month high of $50.00.

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.