Willdan Group, Inc. $WLDN Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC decreased its position in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 26.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,915 shares of the construction company’s stock after selling 28,312 shares during the period. Willdan Group accounts for approximately 1.2% of Essex Investment Management Co. LLC’s portfolio, making the stock its 19th biggest holding. Essex Investment Management Co. LLC’s holdings in Willdan Group were worth $7,630,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Willdan Group by 3.2% during the first quarter. Royal Bank of Canada now owns 76,990 shares of the construction company’s stock worth $3,134,000 after acquiring an additional 2,386 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Willdan Group by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,530 shares of the construction company’s stock valued at $307,000 after acquiring an additional 312 shares during the period. Goldman Sachs Group Inc. raised its stake in Willdan Group by 35.1% during the 1st 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 last quarter. Jane Street Group LLC lifted its position in Willdan Group by 205.9% during the 1st quarter. Jane Street Group LLC now owns 25,302 shares of the construction company’s stock worth $1,030,000 after acquiring an additional 17,031 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of Willdan Group by 9.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 15,665 shares of the construction company’s stock valued at $979,000 after purchasing an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Willdan Group Price Performance

WLDN stock opened at $117.57 on Tuesday. The firm has a 50 day moving average of $115.73 and a 200-day moving average of $104.54. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 42.29 and a beta of 0.97. 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.

Analyst Ratings Changes

Several research firms have recently commented on WLDN. Weiss Ratings restated a “buy (b)” rating on shares of Willdan Group in a research note on Monday, December 29th. Compass Point set a $125.00 price objective on shares of Willdan Group in a research note on Friday, January 2nd. Wedbush raised 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 Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen cut Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 11th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.33.

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.