Willdan Group, Inc. $WLDN Holdings Cut by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its stake in Willdan Group, Inc. (NASDAQ:WLDN) by 77.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,357 shares of the construction company’s stock after selling 93,041 shares during the period. Rice Hall James & Associates LLC owned 0.18% of Willdan Group worth $2,548,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WLDN. Geode Capital Management LLC boosted its position in Willdan Group by 10.3% during the 2nd quarter. Geode Capital Management LLC now owns 336,752 shares of the construction company’s stock valued at $21,054,000 after purchasing an additional 31,561 shares during the period. Wasatch Advisors LP bought a new stake in Willdan Group in the second quarter valued at $20,188,000. Divisadero Street Capital Management LP boosted its holdings in shares of Willdan Group by 62.3% during the second quarter. Divisadero Street Capital Management LP now owns 278,955 shares of the construction company’s stock valued at $17,437,000 after acquiring an additional 107,033 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of 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 acquiring an additional 55,704 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Willdan Group by 33.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 211,053 shares of the construction company’s stock worth $14,055,000 after acquiring an additional 52,652 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Willdan Group Price Performance

NASDAQ WLDN opened at $111.27 on Friday. Willdan Group, Inc. has a 12 month low of $30.43 and a 12 month high of $121.00. The firm has a market capitalization of $1.64 billion, a PE ratio of 40.03 and a beta of 0.97. The company’s 50 day simple moving average is $99.52 and its 200 day simple moving average is $92.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.48.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Wedbush reaffirmed an “outperform” rating and set a $120.00 price target on shares of Willdan Group in a report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Willdan Group in a report on Monday, December 22nd. Finally, Zacks Research upgraded Willdan Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $111.50.

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.