49,653 Shares of Willdan Group, Inc. $WLDN Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 49,653 shares of Willdan Group in the second quarter, valued at approximately $3.93 million, giving it a 0.33% stake. Institutional investors collectively own 72.29% of the company.
• Analyst sentiment is mixed: Wedbush maintained an “outperform” rating with a $130 price target, while other firms rated the stock “hold” or “buy.” The consensus rating is “Hold,” with an average target price of $127.50.
• Willdan reported quarterly EPS of $2.07, exceeding the $1.30 consensus estimate, and revenue of $231.03 million versus expectations of $102.27 million. Shares opened at $75.72, well below their 52-week high of $137.00.

Bank of America Corp DE acquired a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 49,653 shares of the construction company's stock, valued at approximately $3,928,000. Bank of America Corp DE owned 0.33% of Willdan Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in WLDN. BlackRock Inc. bought a new stake in shares of Willdan Group in the 2nd quarter worth approximately $113,795,000. Neumeier Poma Investment Counsel LLC bought a new position in shares of Willdan Group during the 2nd quarter valued at $41,939,611. Ranger Investment Management L.P. purchased a new position in Willdan Group in the 2nd quarter worth $21,768,000. Wasatch Advisors LP raised its position in Willdan Group by 45.9% in the 1st quarter. Wasatch Advisors LP now owns 381,581 shares of the construction company's stock worth $29,214,000 after purchasing an additional 120,110 shares during the period. Finally, Summit Creek Advisors LLC bought a new stake in Willdan Group in the second quarter worth $6,602,000. Hedge funds and other institutional investors own 72.29% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on WLDN. Wedbush reaffirmed an "outperform" rating and issued a $130.00 price target on shares of Willdan Group in a research note on Wednesday, September 23rd. Zacks Research lowered Willdan Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Weiss Ratings restated a "hold (c+)" rating on shares of Willdan Group in a report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of Willdan Group from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $127.50.

Insider Buying and Selling

In related news, Director Thomas Brisbin sold 4,905 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $79.36, for a total value of $389,260.80. Following the completion of the transaction, the director directly owned 96,687 shares in the company, valued at $7,673,080.32. The trade was a 4.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have sold 67,101 shares of company stock worth $5,871,388. Corporate insiders own 5.60% of the company's stock.

Willdan Group Price Performance

Shares of WLDN stock opened at $75.72 on Wednesday. The business's fifty day moving average is $80.72 and its 200 day moving average is $82.03. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 17.77 and a beta of 1.19. Willdan Group, Inc. has a twelve month low of $64.67 and a twelve month high of $137.00.

Willdan Group (NASDAQ:WLDN - Get Free Report) last announced its earnings results on Thursday, August 6th. The construction company reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.77. Willdan Group had a net margin of 8.80% and a return on equity of 24.51%. The business had revenue of $231.03 million during the quarter, compared to the consensus estimate of $102.27 million. Willdan Group has set its FY 2026 guidance at 5.000-5.150 EPS. Research analysts expect that Willdan Group, Inc. will post 4.1 EPS for the current fiscal year.

Willdan Group Profile

Willdan Group, Inc NASDAQ: WLDN is a professional, technical and consulting services company that helps utilities, government agencies and commercial organizations plan, develop and implement infrastructure and energy-related projects. Founded in 1964, the company serves clients primarily throughout the United States.

Willdan's energy services include the design and administration of energy-efficiency and demand-response programs, electrification initiatives, distributed energy-resource projects, renewable-energy programs and grid-modernization efforts.

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