Elevation Point Wealth Partners LLC acquired a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,948 shares of the construction company’s stock, valued at approximately $550,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Willdan Group by 1.1% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,615 shares of the construction company’s stock valued at $476,000 after buying an additional 85 shares during the last quarter. Truvestments Capital LLC lifted its holdings in shares of Willdan Group by 3.0% during the 4th quarter. Truvestments Capital LLC now owns 3,708 shares of the construction company’s stock valued at $384,000 after buying an additional 108 shares during the period. CWM LLC boosted its stake in shares of Willdan Group by 5.4% in the 4th quarter. CWM LLC now owns 2,303 shares of the construction company’s stock worth $239,000 after buying an additional 118 shares during the last quarter. Mariner LLC boosted its stake in shares of Willdan Group by 2.0% in the 4th quarter. Mariner LLC now owns 6,062 shares of the construction company’s stock worth $629,000 after buying an additional 118 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Willdan Group by 8.1% in the fourth quarter. ProShare Advisors LLC now owns 2,570 shares of the construction company’s stock worth $266,000 after acquiring an additional 193 shares during the period. Hedge funds and other institutional investors own 72.29% of the company’s stock.
Willdan Group Trading Up 2.3%
Shares of Willdan Group stock opened at $85.45 on Wednesday. Willdan Group, Inc. has a 1-year low of $64.67 and a 1-year high of $137.00. The company’s fifty day simple moving average is $78.42 and its 200-day simple moving average is $85.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $1.30 billion, a PE ratio of 20.06 and a beta of 1.14.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Willdan Group in a report on Tuesday, July 21st. Wall Street Zen upgraded Willdan Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Wedbush reaffirmed an “outperform” rating and set a $130.00 price target on shares of Willdan Group in a research report on Tuesday, August 18th. Finally, Zacks Research lowered shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $127.50.
Willdan Group Profile
Willdan Group, Inc provides energy efficiency, infrastructure engineering, and technical consulting services to a diverse range of public and private sector clients. The company works with utilities, municipalities, state and federal agencies, and commercial enterprises to design, implement, and manage programs that promote sustainable energy use, grid modernization, and resilient infrastructure. Willdan’s offerings span program design and implementation, energy audits, measurement and verification, and project management for both new construction and retrofit initiatives.
Core services include energy advisory and engineering solutions, including feasibility studies, facility commissioning and retro-commissioning, $0 down financing for energy projects, and demand response program development.
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