Fiera Capital Corp bought a new position in Willdan Group, Inc. (NASDAQ:WLDN) during the first quarter, Holdings Channel.com reports. The fund bought 8,500 shares of the construction company’s stock, valued at approximately $349,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Los Angeles Capital Management LLC raised its holdings in shares of Willdan Group by 1.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 15,735 shares of the construction company’s stock worth $656,000 after purchasing an additional 265 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Willdan Group by 27.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,416 shares of the construction company’s stock worth $99,000 after purchasing an additional 516 shares in the last quarter. Swiss National Bank raised its holdings in shares of Willdan Group by 3.2% in the 4th quarter. Swiss National Bank now owns 25,900 shares of the construction company’s stock worth $1,080,000 after purchasing an additional 800 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Willdan Group by 2.8% in the 4th quarter. Nuveen Asset Management LLC now owns 39,834 shares of the construction company’s stock worth $1,662,000 after purchasing an additional 1,089 shares during the period. Finally, Rhumbline Advisers grew its position in Willdan Group by 9.2% during the 4th quarter. Rhumbline Advisers now owns 14,082 shares of the construction company’s stock worth $587,000 after purchasing an additional 1,190 shares in the last quarter. Institutional investors and hedge funds own 72.82% of the company’s stock.
In other Willdan Group news, SVP Paul Milton Whitelaw sold 5,445 shares of the business’s stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $38.70, for a total value of $210,721.50. Following the completion of the sale, the senior vice president now owns 16,633 shares of the company’s stock, valued at $643,697.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas Donald Brisbin sold 12,461 shares of the business’s stock in a transaction dated Tuesday, May 25th. The stock was sold at an average price of $36.31, for a total value of $452,458.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,474 shares of company stock valued at $2,464,227. Insiders own 13.40% of the company’s stock.
Shares of WLDN stock opened at $38.89 on Friday. Willdan Group, Inc. has a 1-year low of $21.62 and a 1-year high of $54.99. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $486.79 million, a P/E ratio of -45.22 and a beta of 1.42. The company’s fifty day simple moving average is $38.70.
Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings results on Thursday, May 6th. The construction company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $79.09 million for the quarter, compared to the consensus estimate of $106.88 million. Willdan Group had a positive return on equity of 3.44% and a negative net margin of 2.78%. On average, analysts anticipate that Willdan Group, Inc. will post 0.83 EPS for the current fiscal 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 audit and surveys, program design, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services, as well as software and data analytics.
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