Jefferies Financial Group Inc. bought a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 41,200 shares of the construction company’s stock, valued at approximately $3,259,000. Jefferies Financial Group Inc. owned approximately 0.27% of Willdan Group as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Willdan Group by 7.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 308,947 shares of the construction company’s stock worth $23,652,000 after purchasing an additional 21,669 shares in the last quarter. Swedbank AB grew its position in shares of Willdan Group by 36.8% during the 4th quarter. Swedbank AB now owns 174,800 shares of the construction company’s stock valued at $18,120,000 after purchasing an additional 47,000 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Willdan Group by 53.8% in the fourth quarter. Handelsbanken Fonder AB now owns 199,671 shares of the construction company’s stock worth $20,698,000 after purchasing an additional 69,835 shares during the period. Ranger Investment Management L.P. purchased a new stake in shares of Willdan Group in the first quarter worth $3,555,000. Finally, Principal Financial Group Inc. raised its position in shares of Willdan Group by 88.0% in the first quarter. Principal Financial Group Inc. now owns 35,914 shares of the construction company’s stock worth $2,750,000 after buying an additional 16,812 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.
Willdan Group Price Performance
WLDN opened at $87.99 on Friday. The stock has a 50-day moving average price of $78.25 and a 200-day moving average price of $85.49. Willdan Group, Inc. has a 12-month low of $64.67 and a 12-month high of $137.00. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.34 billion, a P/E ratio of 20.65 and a beta of 1.14.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Zacks Research lowered Willdan Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Willdan Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Willdan Group in a research report on Tuesday, July 21st. Finally, Wedbush reiterated an “outperform” rating and set a $130.00 target price on shares of Willdan Group in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Willdan Group presently has a consensus rating of “Hold” and an average target price of $127.50.
Check Out Our Latest Research Report on WLDN
Willdan Group Profile
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.
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