Inspire Investing LLC Grows Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Inspire Investing LLC grew its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,390 shares of the construction company’s stock after acquiring an additional 501 shares during the period. Inspire Investing LLC’s holdings in Willdan Group were worth $815,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WLDN. Lord Abbett & CO. LLC acquired a new stake in shares of Willdan Group during the 3rd quarter valued at approximately $15,608,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Willdan Group during the 3rd quarter valued at approximately $2,970,000. Renaissance Technologies LLC raised its position in shares of Willdan Group by 339.9% during the 2nd quarter. Renaissance Technologies LLC now owns 55,426 shares of the construction company’s stock valued at $1,599,000 after acquiring an additional 42,826 shares in the last quarter. Millennium Management LLC increased its position in Willdan Group by 68.9% in the second quarter. Millennium Management LLC now owns 104,259 shares of the construction company’s stock worth $3,008,000 after buying an additional 42,533 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Willdan Group by 14.6% in the second quarter. Dimensional Fund Advisors LP now owns 324,145 shares of the construction company’s stock worth $9,351,000 after buying an additional 41,367 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Thomas Donald Brisbin sold 7,700 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.45, for a total transaction of $334,565.00. Following the transaction, the director now directly owns 406,704 shares of the company’s stock, valued at approximately $17,671,288.80. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael A. Bieber sold 1,804 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $45.86, for a total value of $82,731.44. Following the transaction, the chief executive officer now directly owns 173,654 shares of the company’s stock, valued at $7,963,772.44. This represents a 1.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,787 shares of company stock valued at $936,061. Company insiders own 9.80% of the company’s stock.

Wall Street Analysts Forecast Growth

WLDN has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $51.00 target price on shares of Willdan Group in a research report on Monday, November 4th. StockNews.com lowered Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th.

Willdan Group Price Performance

Shares of NASDAQ WLDN opened at $38.23 on Friday. Willdan Group, Inc. has a 1-year low of $18.37 and a 1-year high of $50.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. The business’s fifty day moving average price is $39.92 and its two-hundred day moving average price is $39.54. The firm has a market capitalization of $540.00 million, a PE ratio of 23.45 and a beta of 1.38.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15. The company had revenue of $158.25 million for the quarter, compared to analyst estimates of $141.70 million. Willdan Group had a return on equity of 13.84% and a net margin of 3.97%. During the same period last year, the company earned $0.30 earnings per share. On average, research analysts expect that Willdan Group, Inc. will post 1.82 EPS 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 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.