Willdan Group, Inc. $WLDN Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 9.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 180,015 shares of the construction company’s stock after purchasing an additional 15,100 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.23% of Willdan Group worth $11,253,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AdvisorShares Investments LLC acquired a new stake in Willdan Group in the 2nd quarter valued at $30,000. USA Financial Formulas acquired a new stake in shares of Willdan Group in the 2nd quarter valued at about $65,000. McIlrath & Eck LLC bought a new position in shares of Willdan Group during the first quarter worth about $75,000. Ameritas Investment Partners Inc. grew its stake in Willdan Group by 15.6% in the second quarter. Ameritas Investment Partners Inc. now owns 1,419 shares of the construction company’s stock worth $89,000 after purchasing an additional 191 shares in the last quarter. Finally, CWM LLC grew its stake in Willdan Group by 82.6% in the second quarter. CWM LLC now owns 2,042 shares of the construction company’s stock worth $128,000 after purchasing an additional 924 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Buying and Selling at Willdan Group

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

Willdan Group Trading Down 0.4%

NASDAQ:WLDN opened at $103.19 on Wednesday. The company has a market capitalization of $1.52 billion, a P/E ratio of 37.12 and a beta of 0.97. The stock’s 50 day moving average price is $95.76 and its 200 day moving average price is $88.12. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 1.48. Willdan Group, Inc. has a 52 week low of $30.43 and a 52 week high of $121.00.

Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, November 6th. The construction company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.81 by $0.40. Willdan Group had a net margin of 6.37% and a return on equity of 20.23%. The company had revenue of $94.97 million during the quarter, compared to the consensus estimate of $164.00 million. On average, research analysts forecast that Willdan Group, Inc. will post 1.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WLDN shares. Wall Street Zen cut Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Wedbush restated an “outperform” rating and set a $120.00 price target on shares of Willdan Group in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Willdan Group in a research report on Monday, December 1st. Finally, Zacks Research upgraded shares of Willdan Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $111.50.

Willdan Group 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.