Willdan Group, Inc. $WLDN Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in Willdan Group, Inc. (NASDAQ:WLDN) by 21.0% during the first quarter, HoldingsChannel.com reports. The fund owned 216,429 shares of the construction company’s stock after buying an additional 37,624 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Willdan Group were worth $17,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Spire Wealth Management acquired a new position in shares of Willdan Group in the 4th quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Willdan Group during the fourth quarter valued at about $28,000. Transamerica Financial Advisors LLC lifted its stake in Willdan Group by 203.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 364 shares of the construction company’s stock valued at $38,000 after buying an additional 244 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Willdan Group in the first quarter worth about $29,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Willdan Group in the fourth quarter worth about $47,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Michael A. Bieber sold 56,676 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $91.58, for a total transaction of $5,190,388.08. Following the completion of the sale, the chief executive officer directly owned 249,525 shares in the company, valued at approximately $22,851,499.50. This trade represents a 18.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Willdan Group Stock Performance

WLDN stock opened at $72.84 on Wednesday. The firm has a 50 day simple moving average of $86.09 and a 200 day simple moving average of $93.81. Willdan Group, Inc. has a 52 week low of $64.67 and a 52 week high of $137.00. The stock has a market cap of $1.10 billion, a P/E ratio of 19.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.68 and a current ratio of 1.68.

Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, May 7th. The construction company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. The company had revenue of $92.43 million during the quarter, compared to the consensus estimate of $92.17 million. Willdan Group had a net margin of 8.24% and a return on equity of 23.36%. Willdan Group has set its FY 2026 guidance at 4.900-5.050 EPS. Research analysts anticipate that Willdan Group, Inc. will post 4.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WLDN. Wall Street Zen lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research upgraded shares of Willdan Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Wedbush assumed coverage on shares of Willdan Group in a research note on Thursday, April 9th. They set an “outperform” rating and a $110.00 target price on the stock. Finally, Weiss Ratings lowered Willdan Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $112.67.

Willdan Group Company 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.