Whittier Trust Co. Has $1.53 Million Stock Holdings in Willdan Group, Inc. (NASDAQ:WLDN)

Whittier Trust Co. grew its position in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,983 shares of the construction company’s stock after purchasing an additional 2,873 shares during the quarter. Whittier Trust Co. owned approximately 0.37% of Willdan Group worth $1,527,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Willdan Group by 26.7% in the fourth quarter. BlackRock Inc. now owns 687,836 shares of the construction company’s stock valued at $24,060,000 after purchasing an additional 145,102 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Willdan Group by 3.2% in the fourth quarter. Bank of New York Mellon Corp now owns 49,970 shares of the construction company’s stock valued at $1,748,000 after purchasing an additional 1,544 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Willdan Group by 16.2% in the fourth quarter. Northern Trust Corp now owns 133,488 shares of the construction company’s stock valued at $4,670,000 after purchasing an additional 18,562 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Willdan Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 467,741 shares of the construction company’s stock valued at $16,361,000 after purchasing an additional 4,094 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Willdan Group by 41.0% in the fourth quarter. Geode Capital Management LLC now owns 111,762 shares of the construction company’s stock valued at $3,909,000 after purchasing an additional 32,499 shares in the last quarter. 81.89% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Paul Milton Whitelaw sold 1,721 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $31.97, for a total transaction of $55,020.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Thomas Donald Brisbin sold 8,701 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $32.26, for a total transaction of $280,694.26. Following the transaction, the chairman now directly owns 211,474 shares of the company’s stock, valued at approximately $6,822,151.24. The disclosure for this sale can be found here. Insiders have sold 47,259 shares of company stock worth $1,618,600 in the last three months. Insiders own 10.80% of the company’s stock.

Shares of WLDN traded down $2.16 on Friday, hitting $32.91. 95,646 shares of the stock traded hands, compared to its average volume of 47,220. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The stock has a market cap of $390.22 million, a price-to-earnings ratio of 21.37 and a beta of 1.21. The firm has a 50 day moving average price of $34.89. Willdan Group, Inc. has a 1 year low of $27.61 and a 1 year high of $40.70.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $87.13 million. Willdan Group had a net margin of 1.62% and a return on equity of 11.33%. On average, sell-side analysts expect that Willdan Group, Inc. will post 1.69 earnings per share for the current fiscal year.

Several analysts have issued reports on the stock. ValuEngine downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Zacks Investment Research raised shares of Willdan Group from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Saturday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $45.00 price target on shares of Willdan Group in a report on Thursday, June 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $41.67.

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

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