Campbell & CO Investment Adviser LLC Reduces Stock Position in Willdan Group, Inc. $WLDN

Campbell & CO Investment Adviser LLC trimmed its holdings in Willdan Group, Inc. (NASDAQ:WLDN) by 83.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,918 shares of the construction company’s stock after selling 20,073 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Willdan Group were worth $379,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AdvisorShares Investments LLC bought a new stake in shares of Willdan Group in the second quarter worth $30,000. Private Trust Co. NA bought a new stake in shares of Willdan Group in the 3rd quarter worth about $48,000. USA Financial Formulas acquired a new stake in shares of Willdan Group in the 2nd quarter valued at about $65,000. State of Alaska Department of Revenue acquired a new stake in shares of Willdan Group in the 3rd quarter valued at about $75,000. Finally, Raymond James Financial Inc. bought a new position in shares of Willdan Group during the second quarter worth about $80,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

WLDN has been the topic of several research reports. Zacks Research cut Willdan Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Willdan Group in a research report on Monday, December 29th. Wedbush lifted their price objective on shares of Willdan Group from $120.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Compass Point set a $125.00 target price on shares of Willdan Group in a research note on Friday, January 2nd. Finally, Wall Street Zen cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 11th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.33.

Willdan Group Price Performance

Shares of WLDN opened at $131.60 on Friday. Willdan Group, Inc. has a 12 month low of $30.43 and a 12 month high of $135.10. 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 stock has a fifty day moving average price of $109.30 and a 200 day moving average price of $100.20. The company has a market cap of $1.94 billion, a P/E ratio of 47.34 and a beta of 0.96.

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

About Willdan Group

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.