Allianz Asset Management AG purchased a new stake in Willdan Group, Inc. (NASDAQ:WLDN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,023 shares of the construction company’s stock, valued at approximately $452,000. Allianz Asset Management AG owned about 0.24% of Willdan Group at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Navellier & Associates Inc acquired a new stake in Willdan Group during the third quarter valued at $227,000. Wells Fargo & Company MN purchased a new position in shares of Willdan Group during the third quarter valued at approximately $163,000. Tocqueville Asset Management L.P. increased its position in shares of Willdan Group by 4.7% in the third quarter. Tocqueville Asset Management L.P. now owns 216,000 shares of the construction company’s stock valued at $3,791,000 after buying an additional 9,606 shares during the period. ClariVest Asset Management LLC purchased a new position in shares of Willdan Group during the third quarter valued at approximately $350,000. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of Willdan Group during the fourth quarter valued at approximately $590,000. 35.80% of the stock is owned by institutional investors and hedge funds.
Shares of Willdan Group, Inc. (NASDAQ:WLDN) traded up 0.48% during midday trading on Friday, reaching $31.52. 125,431 shares of the company’s stock were exchanged. The company has a market cap of $265.21 million, a price-to-earnings ratio of 32.49 and a beta of 1.73. Willdan Group, Inc. has a 12-month low of $9.76 and a 12-month high of $36.39. The stock’s 50 day moving average price is $31.14 and its 200 day moving average price is $25.03.
Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, March 9th. The construction company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Willdan Group had a return on equity of 16.60% and a net margin of 3.88%. The company earned $57.43 million during the quarter, compared to the consensus estimate of $42.98 million. Equities analysts anticipate that Willdan Group, Inc. will post $1.17 earnings per share for the current fiscal year.
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WLDN has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $23.00 price objective (down from $30.00) on shares of Willdan Group in a research note on Friday, January 20th. Zacks Investment Research cut shares of Willdan Group from a “buy” rating to a “sell” rating in a research report on Wednesday, January 11th. Finally, Canaccord Genuity began coverage on shares of Willdan Group in a research report on Thursday, March 30th. They set a “buy” rating on the stock.
In related news, Chairman Thomas Donald Brisbin sold 30,000 shares of Willdan Group stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $32.32, for a total transaction of $969,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marc Tipermas sold 8,286 shares of Willdan Group stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $33.85, for a total value of $280,481.10. Following the sale, the insider now owns 31,333 shares of the company’s stock, valued at approximately $1,060,622.05. The disclosure for this sale can be found here. 13.30% of the stock is currently owned by company insiders.
About Willdan Group
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.
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