California State Teachers Retirement System Purchases New Holdings in Willdan Group, Inc. (WLDN)
California State Teachers Retirement System purchased a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,400 shares of the construction company’s stock, valued at approximately $409,000. California State Teachers Retirement System owned 0.15% of Willdan Group at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in WLDN. JPMorgan Chase & Co. purchased a new position in shares of Willdan Group during the 2nd quarter worth $109,000. Nationwide Fund Advisors purchased a new position in shares of Willdan Group during the 2nd quarter worth $131,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Willdan Group by 33.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,046 shares of the construction company’s stock worth $185,000 after purchasing an additional 1,524 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Willdan Group by 1,356.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,655 shares of the construction company’s stock worth $203,000 after purchasing an additional 6,198 shares during the period. Finally, Rhumbline Advisers purchased a new position in shares of Willdan Group during the 2nd quarter worth $233,000. Institutional investors and hedge funds own 66.05% of the company’s stock.
Willdan Group, Inc. (WLDN) opened at $24.36 on Friday. Willdan Group, Inc. has a 12 month low of $20.60 and a 12 month high of $36.87. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $207.44, a PE ratio of 20.58 and a beta of 1.12.
Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Willdan Group had a return on equity of 18.10% and a net margin of 3.90%. The firm had revenue of $69.00 million for the quarter, compared to analyst estimates of $60.39 million. The business’s revenue was up 17.5% on a year-over-year basis. analysts forecast that Willdan Group, Inc. will post 1.16 earnings per share for the current year.
A number of equities analysts have recently weighed in on WLDN shares. Zacks Investment Research upgraded Willdan Group from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, October 19th. ValuEngine raised Willdan Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Seaport Global Securities reissued a “buy” rating and set a $37.00 target price on shares of Willdan Group in a research note on Wednesday, October 11th. Finally, BidaskClub lowered Willdan Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $36.50.
In other news, Director Douglas James Mceachern bought 1,180 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average price of $27.32 per share, with a total value of $32,237.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Raymond W. Holdsworth, Jr. bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average cost of $25.73 per share, for a total transaction of $64,325.00. The disclosure for this purchase can be found here. 13.30% of the stock is currently owned by corporate insiders.
Willdan Group Profile
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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