Rice Hall James & Associates LLC lifted its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 43.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 730,288 shares of the construction company’s stock after acquiring an additional 222,543 shares during the quarter. Willdan Group accounts for about 0.9% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 28th biggest position. Rice Hall James & Associates LLC owned approximately 6.56% of Willdan Group worth $27,203,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Willdan Group during the second quarter worth about $27,000. New York State Teachers Retirement System bought a new stake in Willdan Group in the first quarter valued at about $33,000. Legal & General Group Plc increased its holdings in Willdan Group by 31.5% in the fourth quarter. Legal & General Group Plc now owns 1,507 shares of the construction company’s stock valued at $53,000 after buying an additional 361 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Willdan Group by 67,433.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,026 shares of the construction company’s stock valued at $75,000 after buying an additional 2,023 shares during the last quarter. Finally, Brinker Capital Inc. bought a new stake in Willdan Group in the first quarter valued at about $111,000. 81.58% of the stock is currently owned by institutional investors and hedge funds.
WLDN has been the subject of several research analyst reports. BidaskClub lowered Willdan Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Zacks Investment Research lowered Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. ValuEngine lowered Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Wedbush reissued an “outperform” rating and issued a $45.00 price objective on shares of Willdan Group in a report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $41.67.
In other news, SVP Paul Milton Whitelaw sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $31.74, for a total transaction of $111,090.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Thomas Donald Brisbin sold 33,337 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $35.15, for a total value of $1,171,795.55. The disclosure for this sale can be found here. Insiders have sold 47,259 shares of company stock valued at $1,618,600 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.
Willdan Group stock traded down $0.88 during midday trading on Wednesday, hitting $32.80. The stock had a trading volume of 913 shares, compared to its average volume of 63,178. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $378.84 million, a PE ratio of 21.23 and a beta of 1.21. Willdan Group, Inc. has a 12 month low of $28.98 and a 12 month high of $40.70. The business’s fifty day moving average is $34.81.
Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.09). The firm had revenue of $104.40 million during the quarter, compared to the consensus estimate of $87.13 million. Willdan Group had a net margin of 1.62% and a return on equity of 10.83%. As a group, equities research analysts forecast that Willdan Group, Inc. will post 1.64 EPS for the current fiscal year.
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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