Navellier & Associates Inc. Purchases Shares of 7,813 Willdan Group, Inc. (NASDAQ:WLDN)

Navellier & Associates Inc. purchased a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN) in the 3rd quarter, Holdings Channel reports. The fund purchased 7,813 shares of the construction company’s stock, valued at approximately $320,000.

Several other hedge funds have also added to or reduced their stakes in WLDN. BNP Paribas Financial Markets lifted its holdings in shares of Willdan Group by 82.5% during the first quarter. BNP Paribas Financial Markets now owns 6,080 shares of the construction company’s stock worth $176,000 after buying an additional 2,748 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Willdan Group by 168.3% during the first quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock worth $78,000 after buying an additional 1,725 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Willdan Group during the first quarter worth $90,000. Quadrature Capital Ltd lifted its holdings in shares of Willdan Group by 85.6% during the first quarter. Quadrature Capital Ltd now owns 46,531 shares of the construction company’s stock worth $1,339,000 after buying an additional 21,459 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Willdan Group by 73.6% during the first quarter. Lazard Asset Management LLC now owns 6,800 shares of the construction company’s stock worth $197,000 after buying an additional 2,882 shares in the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Insider Buying and Selling

In other Willdan Group news, CEO Michael A. Bieber sold 1,804 shares of Willdan Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $45.86, for a total value of $82,731.44. Following the transaction, the chief executive officer now owns 173,654 shares in the company, valued at $7,963,772.44. The trade was a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 9.80% of the stock is owned by company insiders.

Willdan Group Stock Up 2.1 %

Shares of NASDAQ WLDN opened at $42.66 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. Willdan Group, Inc. has a 52 week low of $17.23 and a 52 week high of $50.00. The stock has a market capitalization of $602.36 million, a P/E ratio of 26.17 and a beta of 1.39. The stock’s fifty day moving average is $43.06 and its 200 day moving average is $36.68.

Analyst Upgrades and Downgrades

WLDN has been the subject of a number of research reports. Roth Mkm lifted their target price on Willdan Group from $34.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wedbush restated an “outperform” rating and issued a $51.00 price target on shares of Willdan Group in a research report on Monday, November 4th. Finally, StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 9th.

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 audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.