Independent Advisor Alliance Makes New $2.66 Million Investment in Willdan Group, Inc. $WLDN

Independent Advisor Alliance acquired a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 27,492 shares of the construction company’s stock, valued at approximately $2,658,000. Independent Advisor Alliance owned 0.19% of Willdan Group at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WLDN. AlphaQuest LLC lifted its position in Willdan Group by 7.5% during the 3rd quarter. AlphaQuest LLC now owns 6,989 shares of the construction company’s stock worth $676,000 after acquiring an additional 485 shares during the period. Arizona State Retirement System purchased a new position in shares of Willdan Group in the third quarter worth about $393,000. EFG Asset Management North America Corp. acquired a new stake in shares of Willdan Group during the third quarter worth about $2,396,000. Kornitzer Capital Management Inc. KS boosted its position in Willdan Group by 161.5% in the third quarter. Kornitzer Capital Management Inc. KS now owns 73,220 shares of the construction company’s stock valued at $7,080,000 after buying an additional 45,220 shares during the last quarter. Finally, Trek Financial LLC purchased a new stake in Willdan Group in the third quarter valued at approximately $468,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Willdan Group Stock Performance

Shares of NASDAQ WLDN opened at $128.16 on Tuesday. The company has a market capitalization of $1.89 billion, a PE ratio of 46.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 1.48. The company’s fifty day moving average price is $114.14 and its 200 day moving average price is $103.28. Willdan Group, Inc. has a 1 year low of $30.43 and a 1 year high of $137.00.

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, beating analysts’ consensus estimates of $0.81 by $0.40. Willdan Group had a net margin of 6.37% and a return on equity of 20.23%. The company had revenue of $94.97 million during the quarter, compared to analysts’ expectations of $164.00 million. On average, research analysts predict that Willdan Group, Inc. will post 1.82 earnings per share for the current year.

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.