Independent Advisor Alliance Invests $2.66 Million in Willdan Group, Inc. $WLDN

Independent Advisor Alliance bought a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 27,492 shares of the construction company’s stock, valued at approximately $2,658,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of Willdan Group during the second quarter valued at approximately $1,500,000. Asset Management One Co. Ltd. purchased a new stake in shares of Willdan Group during the third quarter worth approximately $3,882,000. David J Yvars Group acquired a new position in Willdan Group in the 3rd quarter valued at $862,000. Decker Retirement Planning Inc. acquired a new position in Willdan Group in the 3rd quarter valued at $3,256,000. Finally, EFG Asset Management North America Corp. purchased a new position in Willdan Group in the 3rd quarter valued at $2,396,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Willdan Group Trading Up 1.6%

Shares of WLDN opened at $128.16 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average price of $114.14 and a 200 day moving average price of $103.28. Willdan Group, Inc. has a 12-month low of $30.43 and a 12-month high of $137.00. The firm has a market capitalization of $1.89 billion, a P/E ratio of 46.10 and a beta of 0.97.

Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, November 6th. The construction company reported $1.21 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $164.00 million. Sell-side analysts forecast that Willdan Group, Inc. will post 1.82 EPS for the current year.

Analyst Ratings Changes

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