EFG Asset Management North America Corp. Takes Position in Willdan Group, Inc. $WLDN

EFG Asset Management North America Corp. purchased a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,812 shares of the construction company’s stock, valued at approximately $2,396,000. EFG Asset Management North America Corp. owned about 0.17% of Willdan Group at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. AdvisorShares Investments LLC purchased a new stake in Willdan Group in the second quarter valued at $30,000. Private Trust Co. NA acquired a new stake in shares of Willdan Group during the 3rd quarter worth about $48,000. USA Financial Formulas purchased a new stake in Willdan Group in the 2nd quarter valued at about $65,000. State of Alaska Department of Revenue acquired a new position in Willdan Group in the third quarter valued at about $75,000. Finally, Raymond James Financial Inc. acquired a new position in Willdan Group in the second quarter valued at about $80,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Willdan Group Stock Performance

NASDAQ:WLDN opened at $134.94 on Wednesday. Willdan Group, Inc. has a 52 week low of $30.43 and a 52 week high of $135.55. The company has a fifty day simple moving average of $111.41 and a two-hundred day simple moving average of $101.80. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 48.54 and a beta of 0.96.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data 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. Willdan Group had a return on equity of 20.23% and a net margin of 6.37%.The business had revenue of $94.97 million for the quarter, compared to analysts’ expectations of $164.00 million. As a group, equities analysts anticipate that Willdan Group, Inc. will post 1.82 earnings per share for the current fiscal 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.