Eagle Asset Management Inc. Grows Holdings in Willdan Group, Inc. (WLDN)

Eagle Asset Management Inc. boosted its holdings in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 48.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 262,361 shares of the construction company’s stock after buying an additional 85,042 shares during the quarter. Eagle Asset Management Inc. owned 2.99% of Willdan Group worth $8,629,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new stake in shares of Willdan Group in the 2nd quarter valued at $109,000. Nationwide Fund Advisors acquired a new stake in shares of Willdan Group in the 2nd quarter valued at $131,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Willdan Group by 33.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,046 shares of the construction company’s stock valued at $185,000 after purchasing an additional 1,524 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Willdan Group by 1,356.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,655 shares of the construction company’s stock valued at $203,000 after purchasing an additional 6,198 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of Willdan Group in the 2nd quarter valued at $233,000. Institutional investors own 65.78% of the company’s stock.

In related news, Director Raymond W. Holdsworth, Jr. bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average cost of $25.73 per share, with a total value of $64,325.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Douglas James Mceachern bought 1,180 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average cost of $27.32 per share, for a total transaction of $32,237.60. The disclosure for this purchase can be found here. Company insiders own 13.30% of the company’s stock.

Willdan Group, Inc. (WLDN) opened at $25.17 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $220.58, a price-to-earnings ratio of 22.03 and a beta of 1.21. Willdan Group, Inc. has a 52-week low of $20.60 and a 52-week high of $36.87.

Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. The firm had revenue of $69.00 million for the quarter, compared to the consensus estimate of $60.39 million. Willdan Group had a net margin of 3.90% and a return on equity of 18.10%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. research analysts predict that Willdan Group, Inc. will post 1.16 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on WLDN. Zacks Investment Research upgraded shares of Willdan Group from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, October 19th. Seaport Global Securities restated a “buy” rating and issued a $37.00 price objective on shares of Willdan Group in a report on Wednesday, October 11th. ValuEngine lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, BidaskClub lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $36.50.

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Willdan Group Profile

Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.

Institutional Ownership by Quarter for Willdan Group (NASDAQ:WLDN)

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