Dimensional Fund Advisors LP Increases Stake in Willdan Group, Inc. (WLDN)
Dimensional Fund Advisors LP lifted its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 1.5% during the third quarter, HoldingsChannel reports. The firm owned 414,920 shares of the construction company’s stock after buying an additional 6,232 shares during the period. Dimensional Fund Advisors LP’s holdings in Willdan Group were worth $13,468,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware lifted its position in shares of Willdan Group by 81.6% during the third quarter. Mckinley Capital Management LLC Delaware now owns 81,966 shares of the construction company’s stock worth $2,660,000 after purchasing an additional 36,821 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Willdan Group by 3,388.1% during the third quarter. Wells Fargo & Company MN now owns 9,069 shares of the construction company’s stock worth $295,000 after purchasing an additional 8,809 shares in the last quarter. Cadence Capital Management LLC lifted its position in shares of Willdan Group by 33.8% during the third quarter. Cadence Capital Management LLC now owns 52,284 shares of the construction company’s stock worth $1,697,000 after purchasing an additional 13,220 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Willdan Group by 48.0% during the third quarter. Eagle Asset Management Inc. now owns 262,361 shares of the construction company’s stock worth $8,629,000 after purchasing an additional 85,042 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new position in shares of Willdan Group during the third quarter worth approximately $861,000. Institutional investors own 66.82% of the company’s stock.
Shares of Willdan Group, Inc. (NASDAQ:WLDN) opened at $23.92 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $209.10, a P/E ratio of 20.62 and a beta of 1.17. Willdan Group, Inc. has a 12 month low of $22.35 and a 12 month high of $36.87.
A number of equities analysts have recently issued reports on the stock. ValuEngine lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research reiterated a “hold” rating on shares of Willdan Group in a research report on Saturday, January 6th. Finally, Seaport Global Securities reiterated a “buy” rating and set a $37.00 target price on shares of Willdan Group in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Willdan Group has a consensus rating of “Buy” and a consensus target price of $36.50.
In related news, insider Marc Tipermas sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $25.24, for a total transaction of $75,720.00. Following the completion of the sale, the insider now directly owns 38,333 shares of the company’s stock, valued at $967,524.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Raymond W. Holdsworth, Jr. purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $25.73 per share, with a total value of $64,325.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 4,100 shares of company stock valued at $106,588 and have sold 5,000 shares valued at $125,247. Insiders own 13.30% of the company’s stock.
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About Willdan Group
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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