Cubist Systematic Strategies LLC Purchases 877 Shares of Willdan Group, Inc. (NASDAQ:WLDN)

Cubist Systematic Strategies LLC boosted its position in shares of Willdan Group, Inc. (NASDAQ:WLDN) by 9.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,328 shares of the construction company’s stock after buying an additional 877 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.07% of Willdan Group worth $298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wulff Hansen & CO. boosted its stake in Willdan Group by 2,785.0% during the second quarter. Wulff Hansen & CO. now owns 668,310 shares of the construction company’s stock valued at $19,281,000 after buying an additional 645,145 shares during the last quarter. Swedbank AB bought a new position in Willdan Group during the first quarter valued at approximately $12,628,000. Summit Creek Advisors LLC boosted its stake in Willdan Group by 3.3% during the first quarter. Summit Creek Advisors LLC now owns 374,597 shares of the construction company’s stock valued at $10,860,000 after buying an additional 12,056 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Willdan Group by 14.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 324,145 shares of the construction company’s stock valued at $9,351,000 after purchasing an additional 41,367 shares during the last quarter. Finally, Essex Investment Management Co. LLC lifted its stake in shares of Willdan Group by 1.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 135,336 shares of the construction company’s stock valued at $3,923,000 after purchasing an additional 2,100 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Roth Mkm raised their price objective on Willdan Group from $34.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wedbush assumed coverage on Willdan Group in a research note on Tuesday, September 3rd. They issued an “outperform” rating and a $51.00 price objective for the company. Finally, StockNews.com lowered Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th.

Insider Transactions at Willdan Group

In other news, CFO Creighton K. Early sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $36.45, for a total value of $364,500.00. Following the sale, the chief financial officer now directly owns 68,342 shares in the company, valued at approximately $2,491,065.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Willdan Group news, CEO Michael A. Bieber sold 750 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $36.46, for a total transaction of $27,345.00. Following the transaction, the chief executive officer now directly owns 169,726 shares in the company, valued at $6,188,209.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Creighton K. Early sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $36.45, for a total value of $364,500.00. Following the transaction, the chief financial officer now owns 68,342 shares in the company, valued at $2,491,065.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,305 shares of company stock worth $1,105,451. 9.80% of the stock is currently owned by company insiders.

Willdan Group Trading Up 1.8 %

Shares of NASDAQ WLDN opened at $43.94 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.81 and a current ratio of 1.81. The business’s 50 day moving average price is $39.04 and its 200-day moving average price is $33.55. Willdan Group, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $45.25. The company has a market cap of $614.72 million, a price-to-earnings ratio of 35.72 and a beta of 1.41.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.15. Willdan Group had a return on equity of 12.06% and a net margin of 3.10%. The firm had revenue of $141.00 million for the quarter, compared to the consensus estimate of $123.07 million. During the same period in the prior year, the business posted $0.19 earnings per share. On average, sell-side analysts expect that Willdan Group, Inc. will post 1.72 earnings per share for the current year.

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.