Ausbil Investment Management Ltd Purchases New Position in Willdan Group, Inc. (NASDAQ:WLDN)

Ausbil Investment Management Ltd acquired a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,592 shares of the construction company’s stock, valued at approximately $352,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. nVerses Capital LLC boosted its stake in Willdan Group by 125.0% in the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Willdan Group in the third quarter valued at about $44,000. ProShare Advisors LLC bought a new position in Willdan Group during the second quarter worth about $48,000. Acadian Asset Management LLC raised its stake in Willdan Group by 168.3% in the 1st quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock worth $78,000 after purchasing an additional 1,725 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Willdan Group in the 1st quarter valued at about $90,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Transactions at Willdan Group

In other Willdan Group news, CFO Creighton K. Early sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $36.45, for a total value of $364,500.00. Following the completion of the transaction, the chief financial officer now owns 68,342 shares of the company’s stock, valued at $2,491,065.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Willdan Group news, CFO Creighton K. Early sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $36.45, for a total value of $364,500.00. Following the completion of the transaction, the chief financial officer now directly owns 68,342 shares in the company, valued at approximately $2,491,065.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael A. Bieber sold 9,209 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $36.36, for a total value of $334,839.24. Following the completion of the sale, the chief executive officer now owns 169,726 shares of the company’s stock, valued at $6,171,237.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,305 shares of company stock worth $1,105,451. Corporate insiders own 9.80% of the company’s stock.

Willdan Group Price Performance

Shares of WLDN stock traded down $0.12 on Thursday, hitting $44.33. 27,126 shares of the company’s stock were exchanged, compared to its average volume of 94,976. The company has a 50 day moving average of $40.37 and a 200 day moving average of $34.34. The stock has a market cap of $620.18 million, a P/E ratio of 36.14 and a beta of 1.41. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.81 and a quick ratio of 1.81. Willdan Group, Inc. has a 12 month low of $17.09 and a 12 month high of $46.64.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, August 1st. The construction company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.29 by $0.15. Willdan Group had a return on equity of 12.06% and a net margin of 3.10%. The firm had revenue of $141.00 million during the quarter, compared to the consensus estimate of $123.07 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. On average, equities research analysts predict that Willdan Group, Inc. will post 1.72 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WLDN shares. Wedbush began coverage on shares of Willdan Group in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $51.00 price target for the company. Roth Mkm lifted their price objective on Willdan Group from $34.00 to $47.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, StockNews.com lowered Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th.

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 audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.