Tocqueville Asset Management L.P. decreased its stake in Willdan Group, Inc. (NASDAQ:WLDN) by 10.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,669 shares of the construction company’s stock after selling 4,360 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.35% of Willdan Group worth $1,440,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in WLDN. Rice Hall James & Associates LLC lifted its position in Willdan Group by 111.0% in the 1st quarter. Rice Hall James & Associates LLC now owns 507,745 shares of the construction company’s stock worth $18,822,000 after buying an additional 267,081 shares in the last quarter. Cortina Asset Management LLC bought a new position in shares of Willdan Group during the 2nd quarter valued at $9,241,000. Handelsbanken Fonder AB bought a new position in shares of Willdan Group during the 1st quarter valued at $8,716,000. Federated Investors Inc. PA raised its holdings in shares of Willdan Group by 74.6% during the 1st quarter. Federated Investors Inc. PA now owns 283,451 shares of the construction company’s stock valued at $10,507,000 after purchasing an additional 121,066 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in shares of Willdan Group by 18.7% during the 1st quarter. TimesSquare Capital Management LLC now owns 721,710 shares of the construction company’s stock valued at $26,754,000 after purchasing an additional 113,945 shares in the last quarter. Institutional investors own 81.58% of the company’s stock.
In related news, Chairman Thomas Donald Brisbin sold 33,337 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Paul Milton Whitelaw sold 3,500 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $31.74, for a total transaction of $111,090.00. The disclosure for this sale can be found here. Insiders sold a total of 47,259 shares of company stock worth $1,618,600 over the last quarter. 10.80% of the stock is currently owned by company insiders.
Willdan Group stock opened at $33.56 on Thursday. The company has a market cap of $376.14 million, a P/E ratio of 21.79 and a beta of 1.21. The firm’s fifty day simple moving average is $34.76. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.67. Willdan Group, Inc. has a 1-year low of $28.98 and a 1-year high of $40.70.
Willdan Group (NASDAQ:WLDN) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). Willdan Group had a net margin of 1.62% and a return on equity of 10.83%. The business had revenue of $104.40 million for the quarter, compared to the consensus estimate of $87.13 million. As a group, equities research analysts anticipate that Willdan Group, Inc. will post 1.64 EPS for the current year.
A number of research firms have recently weighed in on WLDN. BidaskClub downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Zacks Investment Research downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. ValuEngine downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Wedbush restated an “outperform” rating and set a $45.00 price target on shares of Willdan Group in a report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.67.
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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