Willdan Group, Inc. $WLDN Stock Position Decreased by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its position in Willdan Group, Inc. (NASDAQ:WLDN) by 32.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,330 shares of the construction company’s stock after selling 3,050 shares during the period. Wedbush Securities Inc.’s holdings in Willdan Group were worth $396,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Willdan Group by 3.0% during the first quarter. Vanguard Group Inc. now owns 774,212 shares of the construction company’s stock valued at $31,526,000 after purchasing an additional 22,227 shares during the last quarter. Nuveen LLC acquired a new stake in Willdan Group in the 1st quarter valued at approximately $10,313,000. Goldman Sachs Group Inc. increased its position in Willdan Group by 35.1% during the first quarter. Goldman Sachs Group Inc. now owns 214,421 shares of the construction company’s stock worth $8,731,000 after acquiring an additional 55,704 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Willdan Group by 33.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 211,053 shares of the construction company’s stock worth $14,055,000 after purchasing an additional 52,652 shares during the period. Finally, Pacer Advisors Inc. bought a new position in Willdan Group during the first quarter valued at about $4,687,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on WLDN. Wedbush restated an “outperform” rating and set a $120.00 target price on shares of Willdan Group in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Willdan Group in a report on Thursday, October 30th. Zacks Research downgraded shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Roth Capital restated a “buy” rating and issued a $103.00 price target (up from $62.00) on shares of Willdan Group in a research report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Willdan Group presently has a consensus rating of “Moderate Buy” and an average target price of $111.50.

Willdan Group Price Performance

Shares of NASDAQ WLDN opened at $93.12 on Wednesday. Willdan Group, Inc. has a twelve month low of $30.43 and a twelve month high of $121.00. The business’s 50 day moving average price is $96.40 and its two-hundred day moving average price is $80.49. 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 company has a market cap of $1.37 billion, a PE ratio of 38.96 and a beta of 1.26.

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

Insiders Place Their Bets

In related news, Director Cynthia Downes sold 2,763 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $109.43, for a total value of $302,355.09. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dennis V. Mcginn sold 7,298 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $106.32, for a total value of $775,923.36. Following the transaction, the director owned 11,330 shares in the company, valued at $1,204,605.60. The trade was a 39.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 406,175 shares of company stock valued at $43,729,723 over the last ninety days. 8.60% of the stock is currently owned by corporate insiders.

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.