USA Financial Formulas Takes $65,000 Position in Willdan Group, Inc. $WLDN

USA Financial Formulas purchased a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,032 shares of the construction company’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its stake in shares of Willdan Group by 9.5% during the second quarter. Janney Montgomery Scott LLC now owns 15,665 shares of the construction company’s stock valued at $979,000 after acquiring an additional 1,359 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Willdan Group during the second quarter valued at approximately $419,000. Diversified Trust Co bought a new stake in shares of Willdan Group during the second quarter valued at approximately $237,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Willdan Group during the second quarter valued at approximately $6,807,000. Finally, Militia Capital Partners LP bought a new stake in shares of Willdan Group during the first quarter valued at approximately $652,000. Institutional investors own 72.29% of the company’s stock.

Willdan Group Stock Performance

Shares of WLDN stock opened at $93.51 on Friday. The company’s 50 day moving average is $101.47 and its 200 day moving average is $69.18. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. Willdan Group, Inc. has a 52-week low of $30.43 and a 52-week high of $121.00. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 39.13 and a beta of 1.25.

Insiders Place Their Bets

In other Willdan Group news, CFO Creighton K. Early sold 7,764 shares of Willdan Group stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $116.54, for a total value of $904,816.56. Following the transaction, the chief financial officer directly owned 72,071 shares of the company’s stock, valued at approximately $8,399,154.34. The trade was a 9.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cynthia Downes sold 2,763 shares of Willdan Group stock in a transaction on Friday, August 15th. The stock was sold at an average price of $109.43, for a total transaction of $302,355.09. Following the completion of the transaction, the director directly owned 8,909 shares in the company, valued at $974,911.87. This represents a 23.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 416,439 shares of company stock valued at $44,925,389. 8.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on WLDN shares. Wedbush lifted their price target on shares of Willdan Group from $85.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Zacks Research raised shares of Willdan Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. Finally, Roth Capital reissued a “buy” rating and set a $103.00 price objective (up from $62.00) on shares of Willdan Group in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $111.50.

Willdan Group 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.