Welch Group LLC Invests $250,000 in Willdan Group, Inc. $WLDN

Welch Group LLC acquired a new position in Willdan Group, Inc. (NASDAQ:WLDN) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,000 shares of the construction company’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in shares of Willdan Group in the second quarter worth about $65,000. McIlrath & Eck LLC purchased a new stake in shares of Willdan Group in the 1st quarter valued at approximately $75,000. CWM LLC boosted its stake in Willdan Group by 82.6% in the 2nd quarter. CWM LLC now owns 2,042 shares of the construction company’s stock worth $128,000 after purchasing an additional 924 shares during the period. GAMMA Investing LLC grew its position in Willdan Group by 1,809.7% during the 1st quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company’s stock worth $88,000 after purchasing an additional 2,045 shares in the last quarter. Finally, Diversified Trust Co purchased a new position in Willdan Group during the 2nd quarter worth approximately $237,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analysts Set New Price Targets

WLDN has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Willdan Group in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Willdan Group in a research report on Wednesday, October 8th. Zacks Research cut Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $103.00 target price (up previously from $62.00) on shares of Willdan Group in a research report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Insider Activity

In related news, Director Dennis V. Mcginn sold 7,298 shares of Willdan Group stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $106.32, for a total transaction of $775,923.36. Following the completion of the sale, the director owned 11,330 shares of the company’s stock, valued at approximately $1,204,605.60. This trade represents a 39.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Micah Chen sold 10,000 shares of Willdan Group stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $106.00, for a total value of $1,060,000.00. Following the sale, the vice president directly owned 40,423 shares of the company’s stock, valued at approximately $4,284,838. The trade was a 19.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 416,439 shares of company stock valued at $44,925,389. 8.60% of the stock is currently owned by company insiders.

Willdan Group Price Performance

WLDN opened at $93.58 on Tuesday. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 39.15 and a beta of 1.25. Willdan Group, Inc. has a 1 year low of $30.43 and a 1 year high of $121.00. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $102.62 and a 200 day moving average price of $72.03.

Willdan Group Profile

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.