Zurcher Kantonalbank Zurich Cantonalbank Buys New Stake in Willdan Group, Inc. (NASDAQ:WLDN)

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 720 shares of the construction company’s stock, valued at approximately $27,000.

A number of other large investors have also recently bought and sold shares of the stock. Whittier Trust Co. lifted its stake in shares of Willdan Group by 7.5% in the second quarter. Whittier Trust Co. now owns 40,983 shares of the construction company’s stock worth $1,527,000 after buying an additional 2,873 shares in the last quarter. Summit Creek Advisors LLC lifted its stake in shares of Willdan Group by 15.5% in the second quarter. Summit Creek Advisors LLC now owns 347,445 shares of the construction company’s stock worth $12,942,000 after buying an additional 46,680 shares in the last quarter. Taylor Wealth Management Partners lifted its stake in shares of Willdan Group by 0.3% in the second quarter. Taylor Wealth Management Partners now owns 163,289 shares of the construction company’s stock worth $6,083,000 after buying an additional 505 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Willdan Group by 23.8% in the second quarter. Handelsbanken Fonder AB now owns 291,176 shares of the construction company’s stock worth $10,846,000 after buying an additional 56,058 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Willdan Group in the second quarter worth about $263,000. 83.63% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on the stock. Wedbush reissued an “outperform” rating and issued a $45.00 price target on shares of Willdan Group in a research note on Thursday, June 6th. ValuEngine downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, BidaskClub downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.67.

In other news, SVP Paul Milton Whitelaw sold 1,721 shares of the business’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 value of $55,020.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Thomas Donald Brisbin sold 8,701 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $32.26, for a total transaction of $280,694.26. Following the completion of the sale, the chairman now directly owns 211,474 shares in the company, valued at $6,822,151.24. The disclosure for this sale can be found here. Insiders sold a total of 13,922 shares of company stock worth $446,805 over the last three months. Insiders own 10.80% of the company’s stock.

WLDN stock traded down $0.10 during trading on Friday, reaching $35.56. 1,218 shares of the stock were exchanged, compared to its average volume of 45,996. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average price of $34.53 and a 200-day moving average price of $35.81. Willdan Group, Inc. has a 1 year low of $28.98 and a 1 year high of $40.70. The firm has a market capitalization of $397.28 million, a price-to-earnings ratio of 23.17 and a beta of 1.21.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, August 1st. The construction company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 10.83% and a net margin of 1.62%. On average, research analysts anticipate that Willdan Group, Inc. will post 1.64 EPS for the current year.

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 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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