Kornitzer Capital Management Inc. KS Increases Holdings in Willdan Group, Inc. $WLDN

Kornitzer Capital Management Inc. KS boosted its position in Willdan Group, Inc. (NASDAQ:WLDN) by 161.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,220 shares of the construction company’s stock after buying an additional 45,220 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.50% of Willdan Group worth $7,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. AdvisorShares Investments LLC purchased a new stake in shares of Willdan Group in the 2nd quarter valued at $30,000. Private Trust Co. NA bought a new stake in Willdan Group in the third quarter worth $48,000. State of Alaska Department of Revenue purchased a new stake in Willdan Group during the third quarter valued at about $75,000. USA Financial Formulas bought a new position in shares of Willdan Group during the second quarter valued at about $65,000. Finally, New York State Teachers Retirement System increased its holdings in shares of Willdan Group by 11.9% in the third quarter. New York State Teachers Retirement System now owns 1,263 shares of the construction company’s stock worth $122,000 after buying an additional 134 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Willdan Group in a research note on Monday, December 29th. Zacks Research cut shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Compass Point set a $125.00 target price on shares of Willdan Group in a research note on Friday, January 2nd. Finally, Wedbush increased their price target on shares of Willdan Group from $120.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Willdan Group has a consensus rating of “Moderate Buy” and an average price target of $124.33.

Willdan Group Stock Performance

Shares of WLDN stock opened at $134.94 on Wednesday. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 48.54 and a beta of 0.96. The stock has a fifty day moving average of $111.41 and a 200 day moving average of $101.80. Willdan Group, Inc. has a 52 week low of $30.43 and a 52 week high of $135.55. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.17.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, November 6th. The construction company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.81 by $0.40. The business had revenue of $94.97 million during the quarter, compared to analyst estimates of $164.00 million. Willdan Group had a net margin of 6.37% and a return on equity of 20.23%. As a group, research analysts expect that Willdan Group, Inc. will post 1.82 earnings per share for the current year.

About Willdan Group

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.