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) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,592 shares of the construction company’s stock, valued at approximately $352,000. Ausbil Investment Management Ltd owned about 0.06% of Willdan Group at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wulff Hansen & CO. boosted its position in shares of Willdan Group by 2,785.0% during the second quarter. Wulff Hansen & CO. now owns 668,310 shares of the construction company’s stock worth $19,281,000 after purchasing an additional 645,145 shares in the last quarter. Swedbank AB bought a new position in Willdan Group during the first quarter worth about $12,628,000. Allspring Global Investments Holdings LLC acquired a new position in Willdan Group in the third quarter valued at about $2,970,000. Acadian Asset Management LLC increased its holdings in shares of Willdan Group by 1,905.2% in the second quarter. Acadian Asset Management LLC now owns 55,144 shares of the construction company’s stock worth $1,588,000 after acquiring an additional 52,394 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Willdan Group by 339.9% during the second quarter. Renaissance Technologies LLC now owns 55,426 shares of the construction company’s stock worth $1,599,000 after purchasing an additional 42,826 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

Willdan Group Stock Down 0.3 %

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

Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, August 1st. The construction company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.29 by $0.15. The firm had revenue of $141.00 million for the quarter, compared to analysts’ expectations of $123.07 million. Willdan Group had a return on equity of 12.06% and a net margin of 3.10%. During the same quarter in the previous year, the business posted $0.19 EPS. Equities analysts anticipate that Willdan Group, Inc. will post 1.72 EPS for the current year.

Wall Street Analysts Forecast Growth

WLDN has been the subject of several research analyst reports. Roth Mkm boosted their price objective on Willdan Group from $34.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Wedbush started coverage on shares of Willdan Group in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $51.00 price target for the company. Finally, StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th.

Insider Buying and Selling

In other Willdan Group news, CEO Michael A. Bieber sold 9,209 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $36.36, for a total transaction of $334,839.24. Following the sale, the chief executive officer now directly owns 169,726 shares of the company’s stock, valued at $6,171,237.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Michael A. Bieber sold 9,209 shares of Willdan Group stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $36.36, for a total value of $334,839.24. Following the sale, the chief executive officer now owns 169,726 shares of the company’s stock, valued at approximately $6,171,237.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Creighton K. Early sold 10,000 shares of the 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 transaction, the chief financial officer now directly owns 68,342 shares of the company’s stock, valued at $2,491,065.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,305 shares of company stock worth $1,105,451. 9.80% of the stock is owned by insiders.

About Willdan Group

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.