Bank of New York Mellon Corp Has $1.58 Million Position in Willdan Group, Inc. (NASDAQ:WLDN)

Bank of New York Mellon Corp lowered its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,589 shares of the construction company’s stock after selling 1,507 shares during the quarter. Bank of New York Mellon Corp’s holdings in Willdan Group were worth $1,584,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Lord Abbett & CO. LLC acquired a new stake in shares of Willdan Group in the 3rd quarter valued at $15,608,000. JPMorgan Chase & Co. boosted its holdings in shares of Willdan Group by 82.8% in the 3rd 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 in the last quarter. Ausbil Investment Management Ltd boosted its holdings in shares of Willdan Group by 341.2% in the 4th quarter. Ausbil Investment Management Ltd now owns 37,910 shares of the construction company’s stock valued at $1,463,000 after purchasing an additional 29,318 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Willdan Group by 364.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 25,139 shares of the construction company’s stock valued at $1,029,000 after purchasing an additional 19,727 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Willdan Group by 23.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,354 shares of the construction company’s stock valued at $3,397,000 after purchasing an additional 16,832 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Activity

In other 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 completion of the transaction, the director now directly owns 12,767 shares in the company, valued at approximately $500,466.40. This represents a 15.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Wedbush raised Willdan Group to a “strong-buy” rating in a report on Monday, March 10th.

Willdan Group Stock Down 2.6 %

Shares of WLDN opened at $41.96 on Friday. Willdan Group, Inc. has a 52 week low of $25.91 and a 52 week high of $50.00. The stock has a market capitalization of $604.56 million, a price-to-earnings ratio of 25.74 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a fifty day moving average of $36.38 and a 200-day moving average of $39.77.

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.