MBB Public Markets I LLC Acquires Shares of 4,993 Willdan Group, Inc. $WLDN

Key Points

• MBB Public Markets I LLC has acquired 4,993 shares of Willdan Group, Inc. for approximately $203,000 in the first quarter.
• Institutional investors own 72.29% of Willdan Group's stock, with notable increases in holdings from firms like Vanguard Group Inc. and Goldman Sachs Group Inc.
• Wall Street analysts have given Willdan Group a consensus rating of "Buy" with an average price target of $111.50, indicating expected growth.

MBB Public Markets I LLC acquired a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,993 shares of the construction company's stock, valued at approximately $203,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Willdan Group by 3.0% during the first quarter. Vanguard Group Inc. now owns 774,212 shares of the construction company's stock valued at $31,526,000 after purchasing an additional 22,227 shares in the last quarter. Nuveen LLC acquired a new position in shares of Willdan Group during the first quarter worth $10,313,000. Goldman Sachs Group Inc. increased its holdings in shares of Willdan Group by 35.1% during the first quarter. Goldman Sachs Group Inc. now owns 214,421 shares of the construction company's stock worth $8,731,000 after buying an additional 55,704 shares in the last quarter. Nuveen Asset Management LLC increased its holdings 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Willdan Group by 77.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company's stock worth $6,468,000 after buying an additional 69,047 shares in the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Willdan Group Stock Performance

Shares of Willdan Group stock opened at $105.89 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. Willdan Group, Inc. has a twelve month low of $30.43 and a twelve month high of $121.00. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 44.31 and a beta of 1.31. The company's fifty day moving average is $94.73 and its 200 day moving average is $62.65.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WLDN. Roth Capital reiterated a "buy" rating and set a $103.00 price target (up from $62.00) on shares of Willdan Group in a report on Tuesday, August 5th. Wedbush upped their price target 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 analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $111.50.

Insider Buying and Selling at Willdan Group

In other Willdan Group news, CFO Creighton K. Early sold 7,764 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $116.54, for a total transaction of $904,816.56. Following the sale, the chief financial officer owned 72,071 shares of the company's stock, valued at approximately $8,399,154.34. This represents a 9.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Cohen sold 2,500 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $116.34, for a total transaction of $290,850.00. Following the sale, the director directly owned 26,849 shares in the company, valued at $3,123,612.66. This trade represents a 8.52% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 399,141 shares of company stock valued at $43,089,466. 8.60% of the stock is owned by corporate insiders.

Willdan Group Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.