Renaissance Technologies LLC lessened its stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 31.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 259,300 shares of the construction company’s stock after selling 119,900 shares during the period. Renaissance Technologies LLC owned about 2.96% of Willdan Group worth $6,208,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Willdan Group by 0.6% during the fourth quarter. BlackRock Inc. now owns 478,747 shares of the construction company’s stock worth $11,461,000 after buying an additional 3,054 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Willdan Group by 17.0% during the third quarter. Bank of New York Mellon Corp now owns 25,333 shares of the construction company’s stock worth $822,000 after buying an additional 3,675 shares during the last quarter. Cadence Capital Management LLC increased its holdings in Willdan Group by 7.8% during the fourth quarter. Cadence Capital Management LLC now owns 56,368 shares of the construction company’s stock worth $1,349,000 after buying an additional 4,084 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Willdan Group by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 414,920 shares of the construction company’s stock worth $13,468,000 after buying an additional 6,232 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings 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 buying an additional 8,809 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.
WLDN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Willdan Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, March 14th. Canaccord Genuity set a $36.00 price objective on shares of Willdan Group and gave the stock a “buy” rating in a report on Monday, March 5th. Finally, BidaskClub downgraded shares of Willdan Group from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $35.75.
Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, March 8th. The construction company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $64.16 million during the quarter, compared to the consensus estimate of $55.44 million. Willdan Group had a net margin of 4.44% and a return on equity of 17.31%. equities research analysts anticipate that Willdan Group, Inc. will post 1.57 EPS for the current year.
In other news, insider Marc Tipermas sold 2,500 shares of Willdan Group 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 completion of the transaction, the insider now owns 42,500 shares in the company, valued at $1,124,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.30% of the stock is owned by company insiders.
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Willdan Group Profile
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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