Connor Clark & Lunn Investment Management Ltd. Has $1.89 Million Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 42.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,393 shares of the construction company’s stock after buying an additional 13,819 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.32% of Willdan Group worth $1,889,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Willdan Group by 470.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company’s stock worth $64,000 after buying an additional 1,387 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Willdan Group by 1,809.7% during the first quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company’s stock worth $88,000 after buying an additional 2,045 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Willdan Group by 26.4% during the fourth quarter. Legal & General Group Plc now owns 2,597 shares of the construction company’s stock worth $99,000 after buying an additional 542 shares during the last quarter. Wilsey Asset Management Inc. acquired a new position in shares of Willdan Group during the first quarter worth approximately $213,000. Finally, Aquatic Capital Management LLC lifted its holdings in shares of Willdan Group by 10.4% during the fourth quarter. Aquatic Capital Management LLC now owns 5,410 shares of the construction company’s stock worth $206,000 after buying an additional 510 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Willdan Group news, Director Thomas Donald Brisbin sold 22,459 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $52.34, for a total value of $1,175,504.06. Following the sale, the director directly owned 422,454 shares in the company, valued at $22,111,242.36. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Micah Chen sold 10,000 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $50.50, for a total value of $505,000.00. Following the completion of the sale, the vice president owned 38,502 shares in the company, valued at $1,944,351. This trade represents a 20.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,264 shares of company stock valued at $3,534,191. 8.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WLDN has been the topic of a number of research reports. Roth Capital restated a “buy” rating and set a $103.00 price objective (up from $62.00) on shares of Willdan Group in a research report on Tuesday, August 5th. Wedbush boosted their price objective on Willdan Group from $85.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 8th.

Willdan Group Stock Performance

Shares of NASDAQ:WLDN opened at $113.01 on Friday. The business’s fifty day moving average price is $76.99 and its two-hundred day moving average price is $53.17. Willdan Group, Inc. has a fifty-two week low of $30.43 and a fifty-two week high of $121.00. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 47.28 and a beta of 1.31. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.43 and a quick ratio of 1.61.

About Willdan Group

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.