Willdan Group, Inc. (WLDN) Shares Sold by Hancock Holding Co.
Hancock Holding Co. lowered its position in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 9.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,120 shares of the construction company’s stock after selling 750 shares during the period. Hancock Holding Co. owned about 0.08% of Willdan Group worth $218,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of WLDN. Vanguard Group Inc. boosted its holdings in shares of 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 in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Willdan Group during the 1st quarter valued at about $146,000. Rice Hall James & Associates LLC increased its position in shares of Willdan Group by 1.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 9,926 shares of the construction company’s stock valued at $303,000 after purchasing an additional 103 shares during the last quarter. Morgan Stanley increased its position in shares of Willdan Group by 57.5% during the 1st quarter. Morgan Stanley now owns 93,206 shares of the construction company’s stock valued at $3,007,000 after purchasing an additional 34,043 shares during the last quarter. Finally, Globeflex Capital L P increased its position in shares of Willdan Group by 18,000.0% during the 1st quarter. Globeflex Capital L P now owns 7,240 shares of the construction company’s stock valued at $234,000 after purchasing an additional 7,200 shares during the last quarter. 57.22% of the stock is owned by hedge funds and other institutional investors.
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A number of equities analysts recently weighed in on the company. ValuEngine raised Willdan Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered Willdan Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Wedbush reaffirmed an “outperform” rating on shares of Willdan Group in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Willdan Group presently has a consensus rating of “Hold” and a consensus target price of $32.67.
Willdan Group, Inc. (WLDN) opened at 32.46 on Monday. The company has a market cap of $281.20 million, a price-to-earnings ratio of 28.85 and a beta of 1.30. Willdan Group, Inc. has a 12-month low of $15.25 and a 12-month high of $36.87. The company’s 50 day moving average is $31.68 and its 200 day moving average is $31.59.
In other news, insider Marc Tipermas sold 5,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $35.78, for a total value of $178,900.00. Following the sale, the insider now owns 43,333 shares of the company’s stock, valued at $1,550,454.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 13.30% of the company’s stock.
About Willdan Group
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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