OMERS ADMINISTRATION Corp Takes Position in Willdan Group, Inc. $WLDN

Key Points

• OMERS ADMINISTRATION Corp has made a new investment of approximately $460,000 in Willdan Group, acquiring 11,300 shares, which constitutes about 0.08% of the company.
• Several institutional investors have significantly increased their holdings in Willdan Group, with notable increases of up to 1,809.7% by GAMMA Investing LLC in the first quarter.
• Analysts have a positive outlook on Willdan Group, with multiple firms adjusting their price targets, including a notable increase from Wedbush, setting a target of $120.00 and rating the stock as "outperform."

OMERS ADMINISTRATION Corp acquired a new stake in Willdan Group, Inc. (NASDAQ:WLDN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,300 shares of the construction company's stock, valued at approximately $460,000. OMERS ADMINISTRATION Corp owned about 0.08% of Willdan Group at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WLDN. Tower Research Capital LLC TRC lifted its stake in shares of Willdan Group by 470.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock valued at $64,000 after purchasing an additional 1,387 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Willdan Group by 1,809.7% in the 1st quarter. GAMMA Investing LLC now owns 2,158 shares of the construction company's stock valued at $88,000 after purchasing an additional 2,045 shares during the last quarter. Virtus Advisers LLC bought a new stake in shares of Willdan Group during the 1st quarter worth approximately $191,000. Graham Capital Management L.P. bought a new stake in shares of Willdan Group during the 4th quarter worth approximately $213,000. Finally, Wilsey Asset Management Inc. bought a new stake in shares of Willdan Group during the 1st quarter worth approximately $213,000. 72.29% of the stock is owned by institutional investors.

Insider Activity at Willdan Group

In other news, Director Steven A. Cohen sold 2,500 shares of Willdan Group stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $116.34, for a total value of $290,850.00. Following the transaction, the director directly owned 26,849 shares in the company, valued at approximately $3,123,612.66. This trade represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Cynthia Downes sold 2,763 shares of Willdan Group stock in a transaction on Friday, August 15th. The shares were sold at an average price of $109.43, for a total value of $302,355.09. Following the completion of the transaction, the director owned 8,909 shares in the company, valued at $974,911.87. This represents a 23.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 399,141 shares of company stock worth $43,089,466 over the last three months. Corporate insiders own 8.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

Willdan Group Trading Down 4.1%

WLDN traded down $4.28 during trading on Friday, hitting $98.86. 478,844 shares of the stock were exchanged, compared to its average volume of 533,665. The firm has a 50 day simple moving average of $92.15 and a 200 day simple moving average of $60.99. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 41.36 and a beta of 1.31. Willdan Group, Inc. has a 1 year low of $30.43 and a 1 year high of $121.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.43 and a current ratio of 1.43.

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.