Russell Investments Group Ltd. increased its stake in Willdan Group, Inc. (NASDAQ:WLDN) by 86.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,962 shares of the construction company’s stock after buying an additional 95,611 shares during the period. Russell Investments Group Ltd. owned 1.83% of Willdan Group worth $7,673,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Willdan Group during the 2nd quarter worth $27,000. New York State Teachers Retirement System bought a new stake in shares of Willdan Group in the first quarter valued at about $33,000. BNP Paribas Arbitrage SA lifted its stake in Willdan Group by 67,433.3% in the first quarter. BNP Paribas Arbitrage SA now owns 2,026 shares of the construction company’s stock worth $75,000 after acquiring an additional 2,023 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Willdan Group in the second quarter worth about $263,000. Finally, First Republic Investment Management Inc. purchased a new stake in Willdan Group in the second quarter worth about $269,000. Institutional investors own 87.21% of the company’s stock.

A number of research firms have commented on WLDN. BidaskClub downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Wedbush reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Willdan Group in a research report on Thursday, June 6th. Finally, ValuEngine downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.67.

Shares of NASDAQ:WLDN traded up $0.17 on Wednesday, reaching $37.10. The company had a trading volume of 2,778 shares, compared to its average volume of 35,347. The firm has a market capitalization of $406.61 million, a PE ratio of 24.09 and a beta of 1.06. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.67. Willdan Group, Inc. has a 52-week low of $28.98 and a 52-week high of $40.70. The firm’s 50 day simple moving average is $34.93 and its 200-day simple moving average is $35.85.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, August 1st. The construction company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). Willdan Group had a return on equity of 10.83% and a net margin of 1.62%. The company had revenue of $104.40 million for the quarter, compared to analysts’ expectations of $87.13 million. As a group, equities research analysts predict that Willdan Group, Inc. will post 1.64 earnings per share for the current year.

Willdan Group Company Profile

Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive survey, program design, master planning, benchmarking analysis, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services.

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Institutional Ownership by Quarter for Willdan Group (NASDAQ:WLDN)

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