Willdan Group, Inc. $WLDN Position Cut by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lowered its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 83.7% during the 3rd quarter, Holdings Channel reports. The fund owned 3,918 shares of the construction company’s stock after selling 20,073 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Willdan Group were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of WLDN. Asset Management One Co. Ltd. bought a new stake in shares of Willdan Group during the third quarter valued at about $3,882,000. Decker Retirement Planning Inc. bought a new stake in shares of Willdan Group during the 3rd quarter worth about $3,256,000. Welch Group LLC bought a new stake in shares of Willdan Group during the 2nd quarter worth about $250,000. WealthTrust Axiom LLC acquired a new stake in shares of Willdan Group in the 2nd quarter worth approximately $293,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Willdan Group by 10.3% in the second quarter. Geode Capital Management LLC now owns 336,752 shares of the construction company’s stock valued at $21,054,000 after acquiring an additional 31,561 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Willdan Group Price Performance

NASDAQ WLDN opened at $131.60 on Friday. Willdan Group, Inc. has a 1 year low of $30.43 and a 1 year high of $135.10. The business’s fifty day moving average is $109.30 and its two-hundred day moving average is $100.20. The stock has a market capitalization of $1.94 billion, a P/E ratio of 47.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 1.48.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, November 6th. The construction company reported $1.21 earnings per share 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 return on equity of 20.23% and a net margin of 6.37%. On average, research analysts forecast that Willdan Group, Inc. will post 1.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.