Intech Investment Management LLC Increases Stock Position in Willdan Group, Inc. $WLDN

Intech Investment Management LLC increased its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 51.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,370 shares of the construction company’s stock after purchasing an additional 3,850 shares during the period. Intech Investment Management LLC’s holdings in Willdan Group were worth $711,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AdvisorShares Investments LLC purchased a new stake in Willdan Group during the second quarter worth $30,000. USA Financial Formulas bought a new position in shares of Willdan Group in the 2nd quarter worth $65,000. McIlrath & Eck LLC bought a new position in shares of Willdan Group in the 1st quarter worth $75,000. CWM LLC lifted its stake in shares of Willdan Group by 82.6% during the 2nd quarter. CWM LLC now owns 2,042 shares of the construction company’s stock worth $128,000 after purchasing an additional 924 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Willdan Group by 16.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,255 shares of the construction company’s stock valued at $203,000 after purchasing an additional 471 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WLDN has been the subject of a number of recent research reports. Zacks Research upgraded shares of Willdan Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Wedbush reiterated an “outperform” rating and set a $120.00 price objective on shares of Willdan Group in a research note on Monday, October 6th. Roth Capital reissued a “buy” rating and set a $103.00 target price (up previously from $62.00) on shares of Willdan Group in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Willdan Group in a report on Wednesday, November 19th. Finally, Wall Street Zen downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, Willdan Group presently has an average rating of “Buy” and an average target price of $111.50.

Insiders Place Their Bets

In other Willdan Group news, VP Micah Chen sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $106.00, for a total transaction of $1,060,000.00. Following the sale, the vice president owned 40,423 shares in the company, valued at approximately $4,284,838. The trade was a 19.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis V. Mcginn sold 7,298 shares of the firm’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 completion of the transaction, the director owned 11,330 shares of the company’s stock, valued at approximately $1,204,605.60. The trade was a 39.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 8.60% of the company’s stock.

Willdan Group Stock Up 1.5%

WLDN stock opened at $100.93 on Thursday. The stock has a market capitalization of $1.49 billion, a PE ratio of 42.23 and a beta of 1.26. Willdan Group, Inc. has a 52 week low of $30.43 and a 52 week high of $121.00. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $95.40 and a 200 day moving average of $84.53.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings results on Thursday, November 6th. The construction company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.40. Willdan Group had a net margin of 5.60% and a return on equity of 18.60%. The business had revenue of $94.97 million for the quarter, compared to analyst estimates of $164.00 million. Willdan Group has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Willdan Group, Inc. will post 1.82 earnings per share for the current year.

Willdan Group Company 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.