Los Angeles Capital Management LLC Increases Stock Position in Willdan Group, Inc. (NASDAQ:WLDN)

Los Angeles Capital Management LLC lifted its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 28.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 54,902 shares of the construction company’s stock after purchasing an additional 12,304 shares during the period. Los Angeles Capital Management LLC’s holdings in Willdan Group were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. nVerses Capital LLC boosted its holdings in Willdan Group by 125.0% during the third quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock worth $37,000 after buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Willdan Group during the 3rd quarter worth approximately $44,000. ProShare Advisors LLC acquired a new stake in shares of Willdan Group in the 2nd quarter worth approximately $48,000. Acadian Asset Management LLC increased 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 valued at $78,000 after purchasing an additional 1,725 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Willdan Group during the first quarter worth $90,000. 72.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th. Roth Mkm raised their target price on shares of Willdan Group from $34.00 to $47.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Wedbush restated an “outperform” rating and set a $51.00 target price on shares of Willdan Group in a research report on Monday, November 4th.

Insider Activity at Willdan Group

In other news, CEO Michael A. Bieber sold 1,804 shares of Willdan Group stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $45.86, for a total transaction of $82,731.44. Following the completion of the sale, the chief executive officer now directly owns 173,654 shares in the company, valued at $7,963,772.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.80% of the stock is currently owned by corporate insiders.

Willdan Group Stock Performance

NASDAQ WLDN opened at $43.83 on Thursday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group, Inc. has a fifty-two week low of $17.23 and a fifty-two week high of $50.00. The business has a fifty day moving average of $42.55 and a 200-day moving average of $36.20. The stock has a market cap of $618.88 million, a price-to-earnings ratio of 26.89 and a beta of 1.39.

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.