Kornitzer Capital Management Inc. KS increased its stake in shares of Willdan Group (NASDAQ:WLDN) by 42.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 49,900 shares of the construction company’s stock after buying an additional 14,900 shares during the period. Kornitzer Capital Management Inc. KS owned 0.56% of Willdan Group worth $1,415,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC purchased a new stake in Willdan Group during the fourth quarter worth about $235,000. Wells Fargo & Company MN boosted its position in Willdan Group by 3,388.1% during the third quarter. Wells Fargo & Company MN now owns 9,069 shares of the construction company’s stock worth $295,000 after purchasing an additional 8,809 shares during the period. Thompson Davis & CO. Inc. bought a new position in Willdan Group during the first quarter worth about $296,000. Advisor Group Inc. boosted its position in Willdan Group by 15.5% during the fourth quarter. Advisor Group Inc. now owns 30,302 shares of the construction company’s stock worth $725,000 after purchasing an additional 4,069 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Willdan Group by 20.5% during the fourth quarter. Bank of New York Mellon Corp now owns 30,538 shares of the construction company’s stock worth $731,000 after purchasing an additional 5,205 shares during the period. 61.25% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Marc Tipermas sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $26.47, for a total value of $66,175.00. Following the transaction, the insider now owns 42,500 shares in the company, valued at approximately $1,124,975. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 11.50% of the company’s stock.
NASDAQ:WLDN traded up $0.20 during trading hours on Thursday, hitting $27.30. The company had a trading volume of 701 shares, compared to its average volume of 72,198. The stock has a market cap of $236.91 million, a P/E ratio of 22.97 and a beta of 0.96. Willdan Group has a 52 week low of $26.80 and a 52 week high of $26.90. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.04.
Willdan Group (NASDAQ:WLDN) last announced its earnings results on Thursday, March 8th. The construction company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. Willdan Group had a net margin of 4.50% and a return on equity of 15.35%. The firm had revenue of $64.16 million for the quarter, compared to analysts’ expectations of $55.44 million. analysts expect that Willdan Group will post 2 EPS for the current fiscal year.
A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of Willdan Group from a “hold” rating to a “sell” rating in a research report on Friday, April 13th. ValuEngine downgraded shares of Willdan Group from a “hold” rating to a “sell” rating in a research note on Friday, May 4th. Zacks Investment Research downgraded shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 10th. Finally, Canaccord Genuity set a $36.00 price target on shares of Willdan Group and gave the stock a “buy” rating in a research note on Sunday, March 11th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $34.33.
About Willdan Group
Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services to utilities, private industry, and public agencies at various levels of government primarily in the Unites States. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services, and Homeland Security Services.
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