Wells Fargo & Company MN lifted its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 3,388.1% during the third quarter, HoldingsChannel.com reports. The fund owned 9,069 shares of the construction company’s stock after buying an additional 8,809 shares during the quarter. Wells Fargo & Company MN’s holdings in Willdan Group were worth $295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in shares of Willdan Group during the second quarter valued at approximately $109,000. Nationwide Fund Advisors bought a new position in shares of Willdan Group during the second quarter valued at approximately $131,000. The Manufacturers Life Insurance Company boosted its stake in shares of Willdan Group by 1,356.2% during the second quarter. The Manufacturers Life Insurance Company now owns 6,655 shares of the construction company’s stock valued at $203,000 after purchasing an additional 6,198 shares in the last quarter. Rhumbline Advisers bought a new position in shares of Willdan Group during the second quarter valued at approximately $233,000. Finally, New York State Common Retirement Fund bought a new position in shares of Willdan Group during the second quarter valued at approximately $247,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.

A number of equities analysts have recently issued reports on WLDN shares. Zacks Investment Research downgraded shares of Willdan Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 14th. Seaport Global Securities reiterated a “buy” rating and set a $37.00 price objective on shares of Willdan Group in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $36.50.

In other news, insider Marc Tipermas sold 1,318 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $24.90, for a total transaction of $32,818.20. Following the transaction, the insider now directly owns 42,015 shares in the company, valued at $1,046,173.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Douglas James Mceachern bought 1,180 shares of the stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $27.32 per share, with a total value of $32,237.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 5,000 shares of company stock worth $125,247. Insiders own 13.30% of the company’s stock.

Willdan Group, Inc. (WLDN) opened at $20.41 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.46 and a current ratio of 1.46. Willdan Group, Inc. has a one year low of $20.28 and a one year high of $36.87. The stock has a market cap of $181.67, a P/E ratio of 17.59 and a beta of 1.12.

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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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