Mercer Global Advisors Inc. ADV purchased a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 25,879 shares of the construction company’s stock, valued at approximately $905,000. Mercer Global Advisors Inc. ADV owned approximately 0.23% of Willdan Group at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WLDN. Geode Capital Management LLC lifted its stake in shares of Willdan Group by 41.0% in the 4th quarter. Geode Capital Management LLC now owns 111,762 shares of the construction company’s stock valued at $3,909,000 after purchasing an additional 32,499 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Willdan Group by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 467,741 shares of the construction company’s stock valued at $16,361,000 after purchasing an additional 4,094 shares during the last quarter. Vestor Capital LLC bought a new stake in shares of Willdan Group in the 4th quarter valued at approximately $128,000. Legal & General Group Plc lifted its stake in shares of Willdan Group by 31.5% in the 4th quarter. Legal & General Group Plc now owns 1,507 shares of the construction company’s stock valued at $53,000 after purchasing an additional 361 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Willdan Group by 13.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 287,959 shares of the construction company’s stock valued at $10,073,000 after purchasing an additional 34,940 shares during the last quarter. Institutional investors and hedge funds own 73.13% of the company’s stock.
NASDAQ:WLDN opened at $39.70 on Wednesday. The company has a market capitalization of $433.42 million, a PE ratio of 25.78 and a beta of 1.12. Willdan Group, Inc. has a 1 year low of $25.11 and a 1 year high of $39.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 1.49.
Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, March 7th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Willdan Group had a net margin of 3.68% and a return on equity of 15.64%. The company had revenue of $86.44 million during the quarter, compared to the consensus estimate of $73.80 million. Research analysts expect that Willdan Group, Inc. will post 1.59 EPS for the current fiscal year.
Several research firms have recently issued reports on WLDN. Zacks Investment Research lowered Willdan Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. BidaskClub lowered Willdan Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. Finally, ValuEngine raised Willdan Group from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Willdan Group currently has a consensus rating of “Buy” and an average target price of $41.33.
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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 survey, program design, master planning, benchmarking analysis, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services.
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