Navellier & Associates Inc. Buys 5,702 Shares of Willdan Group, Inc. $WLDN

Navellier & Associates Inc. increased its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 71.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,671 shares of the construction company’s stock after buying an additional 5,702 shares during the period. Navellier & Associates Inc.’s holdings in Willdan Group were worth $1,322,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WLDN. Royal Bank of Canada boosted its stake in Willdan Group by 3.2% in the first quarter. Royal Bank of Canada now owns 76,990 shares of the construction company’s stock valued at $3,134,000 after acquiring an additional 2,386 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Willdan Group by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,530 shares of the construction company’s stock valued at $307,000 after purchasing an additional 312 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings 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 valued at $8,731,000 after purchasing an additional 55,704 shares during the period. Jane Street Group LLC raised its stake in shares of Willdan Group by 205.9% in the first quarter. Jane Street Group LLC now owns 25,302 shares of the construction company’s stock valued at $1,030,000 after buying an additional 17,031 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of Willdan Group by 9.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 15,665 shares of the construction company’s stock valued at $979,000 after buying an additional 1,359 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Willdan Group Price Performance

WLDN stock opened at $114.55 on Wednesday. The firm has a 50 day moving average of $116.05 and a 200-day moving average of $104.77. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.17. Willdan Group, Inc. has a 12 month low of $30.43 and a 12 month high of $137.00. The firm has a market capitalization of $1.69 billion, a P/E ratio of 41.21 and a beta of 0.97.

Willdan Group Company 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.