Summit Global Investments Takes $758,000 Position in Willdan Group, Inc. (NASDAQ:WLDN)

Summit Global Investments purchased a new stake in Willdan Group, Inc. (NASDAQ:WLDN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,905 shares of the construction company’s stock, valued at approximately $758,000. Summit Global Investments owned approximately 0.14% of Willdan Group at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in WLDN. Quantbot Technologies LP purchased a new position in Willdan Group in the third quarter worth approximately $26,000. Farther Finance Advisors LLC purchased a new position in Willdan Group in the fourth quarter worth approximately $40,000. 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. The Manufacturers Life Insurance Company purchased a new position in Willdan Group in the third quarter worth approximately $201,000. Finally, Intech Investment Management LLC purchased a new position in Willdan Group in the third quarter worth approximately $208,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Willdan Group

In related 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 value of $89,101.60. Following the transaction, the director now owns 12,767 shares of the company’s stock, valued at $500,466.40. This represents a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 9.80% of the stock is currently owned by corporate insiders.

Willdan Group Stock Performance

NASDAQ:WLDN opened at $41.96 on Monday. The firm has a market capitalization of $604.56 million, a PE ratio of 25.74 and a beta of 1.41. The business’s fifty day moving average price is $36.38 and its 200 day moving average price is $39.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. 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.