Diversified Trust Co Acquires New Holdings in Willdan Group, Inc. $WLDN

Key Points

• Diversified Trust Co has acquired 3,799 shares of Willdan Group, Inc., valued at approximately $237,000, marking a significant investment in the construction company.
• Institutional investors have increased their stakes in Willdan Group, with notable boosts from Ameriprise Financial (47.0%) and Bank of America (116.8%) in the fourth quarter.
• Recent analyst reports have been positive, with Roth Capital maintaining a "buy" rating and raising the price target from $62.00 to $103.00, reflecting bullish sentiment around the stock.

Diversified Trust Co acquired a new stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 3,799 shares of the construction company's stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in Willdan Group by 47.0% in the 4th quarter. Ameriprise Financial Inc. now owns 91,269 shares of the construction company's stock worth $3,476,000 after purchasing an additional 29,169 shares during the period. Bank of America Corp DE boosted its stake in Willdan Group by 116.8% in the 4th quarter. Bank of America Corp DE now owns 21,843 shares of the construction company's stock worth $832,000 after purchasing an additional 11,770 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Willdan Group by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,218 shares of the construction company's stock worth $275,000 after buying an additional 304 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Willdan Group by 136.0% during the fourth quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company's stock worth $7,925,000 after buying an additional 119,888 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of Willdan Group by 126.8% during the fourth quarter. Squarepoint Ops LLC now owns 11,280 shares of the construction company's stock worth $430,000 after buying an additional 6,306 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Willdan Group

In other Willdan Group news, VP Micah Chen sold 10,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $106.00, for a total value of $1,060,000.00. Following the completion of the sale, the vice president owned 40,423 shares in the company, valued at $4,284,838. This trade represents a 19.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Wanda Kay Reder sold 850 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $119.46, for a total transaction of $101,541.00. Following the completion of the sale, the director owned 10,676 shares of the company's stock, valued at $1,275,354.96. This trade represents a 7.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 416,439 shares of company stock valued at $44,925,389. 8.60% of the stock is owned by company insiders.

Analyst Ratings Changes

WLDN has been the subject of a number of recent research reports. Roth Capital reaffirmed a "buy" rating and set a $103.00 price target (up previously from $62.00) on shares of Willdan Group in a research report on Tuesday, August 5th. Wedbush increased their target price on shares of Willdan Group from $85.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Zacks Research upgraded shares of Willdan Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $111.50.

Willdan Group Trading Down 1.5%

NASDAQ WLDN opened at $96.54 on Thursday. The company has a market cap of $1.42 billion, a PE ratio of 40.39 and a beta of 1.31. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.22. Willdan Group, Inc. has a 12 month low of $30.43 and a 12 month high of $121.00. The stock has a 50 day moving average of $99.57 and a 200-day moving average of $66.88.

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.

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