Willdan Group, Inc. (NASDAQ:WLDN) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 27.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,776 shares of the construction company’s stock after purchasing an additional 1,448 shares during the quarter. SG Americas Securities LLC’s holdings in Willdan Group were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS Group AG lifted its stake in shares of Willdan Group by 68.4% in the 3rd quarter. UBS Group AG now owns 1,694 shares of the construction company’s stock valued at $25,000 after purchasing an additional 688 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Willdan Group by 680.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the construction company’s stock valued at $36,000 after purchasing an additional 1,537 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Willdan Group during the 3rd quarter worth $45,000. Barclays PLC lifted its position in Willdan Group by 499.4% during the 4th quarter. Barclays PLC now owns 3,117 shares of the construction company’s stock worth $55,000 after acquiring an additional 2,597 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its position in Willdan Group by 69.3% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 4,164 shares of the construction company’s stock worth $62,000 after acquiring an additional 1,704 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Willdan Group Stock Performance

NASDAQ WLDN opened at $26.55 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.45. The stock has a market cap of $365.59 million, a P/E ratio of 33.61 and a beta of 1.49. Willdan Group, Inc. has a twelve month low of $13.86 and a twelve month high of $30.46. The company’s 50-day simple moving average is $24.54 and its 200 day simple moving average is $21.45.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, March 7th. The construction company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.37. The firm had revenue of $155.68 million for the quarter, compared to analysts’ expectations of $160.00 million. Willdan Group had a net margin of 2.14% and a return on equity of 10.17%. During the same period in the prior year, the firm earned $0.25 earnings per share. As a group, research analysts forecast that Willdan Group, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WLDN has been the subject of a number of research analyst reports. StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 16th. Roth Mkm restated a “buy” rating and set a $34.00 price objective (up previously from $27.00) on shares of Willdan Group in a report on Friday, March 22nd. Finally, Wedbush upped their target price on shares of Willdan Group from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, March 25th.

Insiders Place Their Bets

In other Willdan Group news, major shareholder Fund L.P. Forager sold 10,456 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $29.83, for a total transaction of $311,902.48. Following the sale, the insider now directly owns 1,900,057 shares of the company’s stock, valued at $56,678,700.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 10.60% of the company’s stock.

Willdan Group Company Profile

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.