Inspire Investing LLC Invests $855,000 in Willdan Group, Inc. (NASDAQ:WLDN)

Inspire Investing LLC bought a new stake in Willdan Group, Inc. (NASDAQ:WLDN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,889 shares of the construction company’s stock, valued at approximately $855,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Willdan Group in the 3rd quarter valued at $310,000. Cubist Systematic Strategies LLC boosted its stake in shares of Willdan Group by 9.3% during the second quarter. Cubist Systematic Strategies LLC now owns 10,328 shares of the construction company’s stock valued at $298,000 after purchasing an additional 877 shares in the last quarter. Millennium Management LLC boosted its position in Willdan Group by 68.9% during the 2nd quarter. Millennium Management LLC now owns 104,259 shares of the construction company’s stock valued at $3,008,000 after acquiring an additional 42,533 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Willdan Group during the 2nd quarter worth $1,096,000. Finally, Marshall Wace LLP boosted its holdings in shares of Willdan Group by 52.9% in the 2nd quarter. Marshall Wace LLP now owns 78,110 shares of the construction company’s stock valued at $2,253,000 after buying an additional 27,009 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

Willdan Group Price Performance

NASDAQ:WLDN opened at $43.94 on Tuesday. The stock has a market capitalization of $614.72 million, a PE ratio of 35.72 and a beta of 1.41. Willdan Group, Inc. has a 52 week low of $17.09 and a 52 week high of $45.25. The stock’s 50-day moving average price is $39.04 and its 200-day moving average price is $33.55. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.40.

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

Insider Transactions at Willdan Group

In other news, CEO Michael A. Bieber sold 750 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $36.46, for a total transaction of $27,345.00. Following the transaction, the chief executive officer now directly owns 169,726 shares in the company, valued at $6,188,209.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Michael A. Bieber sold 750 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $36.46, for a total transaction of $27,345.00. Following the transaction, the chief executive officer now owns 169,726 shares of the company’s stock, valued at approximately $6,188,209.96. The trade was 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 10,346 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $36.61, for a total transaction of $378,767.06. Following the completion of the sale, the chief executive officer now directly owns 169,726 shares of the company’s stock, valued at approximately $6,213,668.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,305 shares of company stock valued at $1,105,451 over the last 90 days. 9.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.