Swiss National Bank Acquires Shares of 19,500 Willdan Group, Inc. (NASDAQ:WLDN)
Swiss National Bank acquired a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,500 shares of the construction company’s stock, valued at approximately $726,000. Swiss National Bank owned 0.18% of Willdan Group at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in WLDN. Cortina Asset Management LLC acquired a new stake in Willdan Group during the 2nd quarter valued at approximately $9,241,000. Handelsbanken Fonder AB acquired a new position in shares of Willdan Group in the 1st quarter valued at $8,716,000. Rice Hall James & Associates LLC lifted its stake in shares of Willdan Group by 43.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 730,288 shares of the construction company’s stock valued at $27,203,000 after purchasing an additional 222,543 shares during the period. Federated Investors Inc. PA lifted its stake in shares of Willdan Group by 74.6% in the 1st quarter. Federated Investors Inc. PA now owns 283,451 shares of the construction company’s stock valued at $10,507,000 after purchasing an additional 121,066 shares during the period. Finally, TimesSquare Capital Management LLC lifted its stake in shares of Willdan Group by 18.7% in the 1st quarter. TimesSquare Capital Management LLC now owns 721,710 shares of the construction company’s stock valued at $26,754,000 after purchasing an additional 113,945 shares during the period. Institutional investors and hedge funds own 87.21% of the company’s stock.
Several equities analysts recently issued reports on WLDN shares. Wedbush reiterated an “outperform” rating and issued a $45.00 target price on shares of Willdan Group in a research note on Thursday, June 6th. BidaskClub cut shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine cut shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Willdan Group currently has an average rating of “Hold” and an average price target of $41.67.
Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, August 1st. The construction company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). The firm had revenue of $104.40 million during the quarter, compared to analyst estimates of $87.13 million. Willdan Group had a net margin of 1.62% and a return on equity of 10.83%. As a group, analysts predict that Willdan Group, Inc. will post 1.64 EPS for the current fiscal year.
Willdan Group 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 survey, program design, master planning, benchmarking analysis, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services.
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