JPMorgan Chase & Co. Buys Shares of 3,574 Willdan Group, Inc. (WLDN)

JPMorgan Chase & Co. bought a new position in Willdan Group, Inc. (NASDAQ:WLDN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,574 shares of the construction company’s stock, valued at approximately $109,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Willdan Group by 25.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 378,658 shares of the construction company’s stock worth $12,216,000 after purchasing an additional 76,343 shares during the period. Vanguard Group Inc. boosted its stake in Willdan Group by 8.0% in the 1st quarter. Vanguard Group Inc. now owns 271,616 shares of the construction company’s stock worth $8,762,000 after purchasing an additional 20,036 shares during the period. Eagle Asset Management Inc. bought a new position in Willdan Group in the 2nd quarter worth about $5,417,000. William Blair Investment Management LLC boosted its stake in Willdan Group by 10.5% in the 2nd quarter. William Blair Investment Management LLC now owns 123,197 shares of the construction company’s stock worth $3,764,000 after purchasing an additional 11,674 shares during the period. Finally, Morgan Stanley boosted its stake in Willdan Group by 57.5% in the 1st quarter. Morgan Stanley now owns 93,206 shares of the construction company’s stock worth $3,007,000 after purchasing an additional 34,043 shares during the period. Institutional investors and hedge funds own 59.88% of the company’s stock.

Shares of Willdan Group, Inc. (NASDAQ WLDN) opened at 29.51 on Tuesday. The company has a market cap of $255.65 million, a P/E ratio of 26.23 and a beta of 1.30. The stock’s 50 day moving average price is $30.79 and its 200-day moving average price is $31.56. Willdan Group, Inc. has a 12 month low of $15.68 and a 12 month high of $36.87.

WLDN has been the subject of several analyst reports. Wedbush restated an “outperform” rating on shares of Willdan Group in a research note on Wednesday, July 12th. BidaskClub downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. ValuEngine upgraded Willdan Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Seaport Global Securities restated a “buy” rating and issued a $37.00 target price on shares of Willdan Group in a research note on Wednesday, October 11th. Finally, Zacks Investment Research downgraded Willdan Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $36.50.

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In other news, insider Marc Tipermas sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $35.78, for a total value of $178,900.00. Following the completion of the transaction, the insider now owns 43,333 shares of the company’s stock, valued at $1,550,454.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.30% of the company’s stock.

Willdan Group Company Profile

Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.

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Institutional Ownership by Quarter for Willdan Group (NASDAQ:WLDN)

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