Willdan Group, Inc. $WLDN Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lowered its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 48.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,738 shares of the construction company’s stock after selling 21,355 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 0.16% of Willdan Group worth $2,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Royal Bank of Canada grew its position in shares of Willdan Group by 3.2% in the 1st quarter. Royal Bank of Canada now owns 76,990 shares of the construction company’s stock valued at $3,134,000 after buying an additional 2,386 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Willdan Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,530 shares of the construction company’s stock valued at $307,000 after acquiring an additional 312 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Willdan Group by 35.1% during the first quarter. Goldman Sachs Group Inc. now owns 214,421 shares of the construction company’s stock worth $8,731,000 after purchasing an additional 55,704 shares during the last quarter. Jane Street Group LLC increased its position in shares of Willdan Group by 205.9% during the first quarter. Jane Street Group LLC now owns 25,302 shares of the construction company’s stock worth $1,030,000 after purchasing an additional 17,031 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Willdan Group in the 1st quarter valued at about $334,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Willdan Group Price Performance

Shares of NASDAQ WLDN opened at $119.79 on Monday. The stock has a fifty day moving average price of $102.43 and a 200 day moving average price of $96.66. Willdan Group, Inc. has a 1-year low of $30.43 and a 1-year high of $121.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market cap of $1.77 billion, a PE ratio of 43.09 and a beta of 0.96.

Willdan Group (NASDAQ:WLDN) last released 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 analysts’ expectations of $164.00 million. Sell-side analysts forecast that Willdan Group, Inc. will post 1.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Zacks Research lowered shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Wedbush reiterated an “outperform” rating and issued 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 note on Monday, December 29th. Finally, Compass Point set a $125.00 price objective on shares of Willdan Group in a research note on Friday, January 2nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

Willdan Group Profile

Willdan Group, Inc provides energy efficiency, infrastructure engineering, and technical consulting services to a diverse range of public and private sector clients. The company works with utilities, municipalities, state and federal agencies, and commercial enterprises to design, implement, and manage programs that promote sustainable energy use, grid modernization, and resilient infrastructure. Willdan’s offerings span program design and implementation, energy audits, measurement and verification, and project management for both new construction and retrofit initiatives.

Core services include energy advisory and engineering solutions, including feasibility studies, facility commissioning and retro-commissioning, $0 down financing for energy projects, and demand response program development.