J. Derek Lewis & Associates Inc. purchased a new stake in Willdan Group, Inc. (NASDAQ:WLDN – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 11,117 shares of the construction company’s stock, valued at approximately $1,152,000.
Several other institutional investors and hedge funds have also made changes to their positions in WLDN. Vanguard Group Inc. boosted its holdings in Willdan Group by 27.1% in the third quarter. Vanguard Group Inc. now owns 1,075,270 shares of the construction company’s stock worth $103,968,000 after purchasing an additional 229,357 shares during the period. SG Americas Securities LLC increased its stake in Willdan Group by 601.5% during the fourth quarter. SG Americas Securities LLC now owns 60,357 shares of the construction company’s stock valued at $6,257,000 after purchasing an additional 51,753 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Willdan Group during the third quarter worth $970,000. Swedbank AB raised its holdings in shares of Willdan Group by 36.8% during the fourth quarter. Swedbank AB now owns 174,800 shares of the construction company’s stock worth $18,120,000 after purchasing an additional 47,000 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in shares of Willdan Group by 53.8% in the 4th quarter. Handelsbanken Fonder AB now owns 199,671 shares of the construction company’s stock worth $20,698,000 after buying an additional 69,835 shares during the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.
Willdan Group Stock Performance
NASDAQ:WLDN opened at $89.00 on Friday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 23.99 and a beta of 1.11. The business has a 50 day simple moving average of $87.08 and a 200 day simple moving average of $98.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.68 and a quick ratio of 1.68. Willdan Group, Inc. has a 12-month low of $57.33 and a 12-month high of $137.00.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Weiss Ratings lowered shares of Willdan Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Wall Street Zen lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Wedbush assumed coverage on shares of Willdan Group in a report on Thursday, April 9th. They issued an “outperform” rating and a $110.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Willdan Group currently has an average rating of “Moderate Buy” and a consensus target price of $112.67.
Get Our Latest Research Report on Willdan Group
Insider Activity
In other news, CEO Michael A. Bieber sold 56,676 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $91.58, for a total transaction of $5,190,388.08. Following the completion of the transaction, the chief executive officer owned 249,525 shares in the company, valued at approximately $22,851,499.50. This represents a 18.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.60% of the company’s stock.
About Willdan Group
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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