Semanteon Capital Management LP Purchases New Position in Willdan Group, Inc. (NASDAQ:WLDN)

Semanteon Capital Management LP acquired a new stake in shares of Willdan Group, Inc. (NASDAQ:WLDN - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,134 shares of the construction company's stock, valued at approximately $579,000. Semanteon Capital Management LP owned approximately 0.10% of Willdan Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. nVerses Capital LLC raised its position in shares of Willdan Group by 125.0% during the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company's stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Willdan Group during the third quarter worth $44,000. ProShare Advisors LLC acquired a new stake in shares of Willdan Group in the second quarter valued at about $48,000. Acadian Asset Management LLC lifted its stake in shares of Willdan Group by 168.3% in the first quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company's stock worth $78,000 after buying an additional 1,725 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Willdan Group during the first quarter worth about $90,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WLDN shares. Wedbush initiated coverage on shares of Willdan Group in a report on Tuesday, September 3rd. They issued an "outperform" rating and a $51.00 price objective for the company. Roth Mkm increased their target price on shares of Willdan Group from $34.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, StockNews.com downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 9th.

Willdan Group Trading Up 2.7 %

Shares of NASDAQ WLDN traded up $1.23 during trading on Tuesday, reaching $47.51. The stock had a trading volume of 185,395 shares, compared to its average volume of 96,788. 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 company has a market cap of $664.66 million, a P/E ratio of 38.24 and a beta of 1.41. Willdan Group, Inc. has a fifty-two week low of $17.13 and a fifty-two week high of $47.69. The business's 50-day moving average price is $40.87 and its 200-day moving average price is $34.76.

Willdan Group (NASDAQ:WLDN - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.15. Willdan Group had a net margin of 3.10% and a return on equity of 12.06%. The company had revenue of $141.00 million for the quarter, compared to analyst estimates of $123.07 million. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, equities research analysts predict that Willdan Group, Inc. will post 1.72 EPS for the current fiscal year.

Insider Buying and Selling at Willdan Group

In related news, CEO Michael A. Bieber sold 10,346 shares of the business's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $36.61, for a total transaction of $378,767.06. Following the completion of the transaction, the chief executive officer now directly owns 169,726 shares of the company's stock, valued at $6,213,668.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Willdan Group news, CEO Michael A. Bieber sold 9,209 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $36.36, for a total value of $334,839.24. Following the sale, the chief executive officer now directly owns 169,726 shares of the company's stock, valued at approximately $6,171,237.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael A. Bieber sold 10,346 shares of the firm's stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $36.61, for a total transaction of $378,767.06. Following the completion of the sale, the chief executive officer now owns 169,726 shares in the company, valued at $6,213,668.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,305 shares of company stock valued at $1,105,451 in the last 90 days. Company insiders own 9.80% of the company's stock.

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.