12,044 Shares in Willdan Group, Inc. $WLDN Acquired by CenterBook Partners LP

CenterBook Partners LP bought a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the third quarter, HoldingsChannel reports. The institutional investor bought 12,044 shares of the construction company’s stock, valued at approximately $890,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Integrated Wealth Concepts LLC bought a new stake in shares of Willdan Group during the 2nd quarter valued at $29,000. Sterling Capital Management LLC increased its stake in shares of Willdan Group by 254.9% in the 3rd quarter. Sterling Capital Management LLC now owns 433 shares of the construction company’s stock worth $32,000 after purchasing an additional 311 shares in the last quarter. State of Wyoming increased its stake in shares of Willdan Group by 104.0% in the 1st quarter. State of Wyoming now owns 720 shares of the construction company’s stock worth $55,000 after purchasing an additional 367 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Willdan Group by 67.0% in the 1st quarter. International Assets Investment Management LLC now owns 763 shares of the construction company’s stock worth $60,000 after purchasing an additional 306 shares during the period. Finally, Transamerica Financial Advisors LLC bought a new position in Willdan Group in the 2nd quarter worth $98,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Willdan Group Stock Performance

Shares of NASDAQ WLDN opened at $67.18 on Wednesday. The stock has a market cap of $1.03 billion, a PE ratio of 16.31 and a beta of 1.28. Willdan Group, Inc. has a 1 year low of $61.51 and a 1 year high of $137.00. The firm has a fifty day moving average price of $76.37 and a 200-day moving average price of $85.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.48 and a quick ratio of 1.37.

Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, November 5th. The construction company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.12. The company had revenue of $214.53 million for the quarter, compared to analysts’ expectations of $107.77 million. Willdan Group had a net margin of 8.19% and a return on equity of 22.62%. Equities analysts anticipate that Willdan Group, Inc. will post 4.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Willdan Group news, Director Thomas Brisbin sold 4,905 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $79.36, for a total transaction of $389,260.80. Following the sale, the director directly owned 96,687 shares of the company’s stock, valued at $7,673,080.32. This trade represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 67,101 shares of company stock worth $5,871,388 over the last quarter. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

WLDN has been the subject of several recent research reports. Yorkville Ives initiated coverage on Willdan Group in a report on Monday, October 5th. They set an “outperform” rating and a $100.00 price target for the company. Wedbush reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Willdan Group in a research note on Wednesday, September 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Willdan Group in a research report on Monday, October 19th. Zacks Research cut Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 5th. Finally, Wall Street Zen upgraded Willdan Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.33.

Willdan Group Profile

Willdan Group, Inc. provides professional, technical and consulting services to utilities, government agencies and private-sector clients. Its work includes energy-efficiency programs, energy engineering, grid modernization and planning, and support for decarbonization and other energy initiatives. The company also offers engineering, planning and building-related services, as well as financial and economic consulting for public agencies. Its services can support projects ranging from infrastructure and community planning to building safety and energy management.