4,695 Shares in Willdan Group, Inc. $WLDN Purchased by WealthTrust Axiom LLC

WealthTrust Axiom LLC acquired a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,695 shares of the construction company’s stock, valued at approximately $293,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Willdan Group by 3.0% during the first quarter. Vanguard Group Inc. now owns 774,212 shares of the construction company’s stock worth $31,526,000 after buying an additional 22,227 shares during the last quarter. Geode Capital Management LLC grew its holdings in Willdan Group by 10.3% during the 2nd quarter. Geode Capital Management LLC now owns 336,752 shares of the construction company’s stock worth $21,054,000 after acquiring an additional 31,561 shares during the period. Nuveen LLC bought a new stake in shares of Willdan Group during the 1st quarter valued at $10,313,000. Goldman Sachs Group Inc. lifted its stake in shares of Willdan Group by 35.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 214,421 shares of the construction company’s stock valued at $8,731,000 after purchasing an additional 55,704 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Willdan Group by 33.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 211,053 shares of the construction company’s stock worth $14,055,000 after purchasing an additional 52,652 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Wedbush reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Willdan Group in a research note on Monday, October 6th. Zacks Research upgraded shares of Willdan Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Willdan Group in a report on Wednesday, November 19th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $103.00 target price (up previously from $62.00) on shares of Willdan Group in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $111.50.

Willdan Group Stock Performance

Shares of WLDN stock opened at $100.79 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.43 and a current ratio of 1.43. Willdan Group, Inc. has a 52 week low of $30.43 and a 52 week high of $121.00. The company’s 50 day moving average price is $95.25 and its two-hundred day moving average price is $85.03. The company has a market capitalization of $1.49 billion, a P/E ratio of 42.17 and a beta of 1.26.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, November 6th. The construction company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.40. Willdan Group had a net margin of 5.60% and a return on equity of 18.60%. The company had revenue of $94.97 million during the quarter, compared to the consensus estimate of $164.00 million. Willdan Group has set its FY 2025 guidance at EPS. On average, analysts expect that Willdan Group, Inc. will post 1.82 earnings per share for the current fiscal year.

Insider Transactions at Willdan Group

In other news, VP Micah Chen sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $106.00, for a total transaction of $1,060,000.00. Following the completion of the transaction, the vice president directly owned 40,423 shares of the company’s stock, valued at $4,284,838. This represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis V. Mcginn sold 7,298 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $106.32, for a total value of $775,923.36. Following the transaction, the director owned 11,330 shares of the company’s stock, valued at approximately $1,204,605.60. The trade was a 39.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.60% of the stock is currently owned by corporate insiders.

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 audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.