The Manufacturers Life Insurance Company Purchases Shares of 6,299 Willdan Group, Inc. $WLDN

The Manufacturers Life Insurance Company purchased a new stake in Willdan Group, Inc. (NASDAQ:WLDN) during the second quarter, HoldingsChannel.com reports. The fund purchased 6,299 shares of the construction company’s stock, valued at approximately $498,000.

A number of other institutional investors and hedge funds have also modified their holdings of WLDN. BlackRock Inc. bought a new stake in shares of Willdan Group during the 2nd quarter worth $113,795,000. Vanguard Group Inc. grew its stake in Willdan Group by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 1,201,517 shares of the construction company’s stock valued at $124,549,000 after buying an additional 126,247 shares during the last quarter. Neumeier Poma Investment Counsel LLC bought a new position in Willdan Group in the 2nd quarter worth $41,939,611. Wasatch Advisors LP lifted its position in Willdan Group by 45.9% during the 1st quarter. Wasatch Advisors LP now owns 381,581 shares of the construction company’s stock worth $29,214,000 after acquiring an additional 120,110 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Willdan Group by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 343,000 shares of the construction company’s stock worth $35,561,000 after acquiring an additional 2,185 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WLDN. Wedbush reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Willdan Group in a research report on Tuesday, August 18th. Zacks Research cut Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Willdan Group in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised Willdan Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $127.50.

Willdan Group Price Performance

NASDAQ:WLDN opened at $85.78 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.37 and a quick ratio of 1.37. Willdan Group, Inc. has a one year low of $64.67 and a one year high of $137.00. The company has a fifty day moving average price of $78.83 and a 200 day moving average price of $84.28. The stock has a market cap of $1.31 billion, a P/E ratio of 20.14 and a beta of 1.19.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, August 6th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.77. Willdan Group had a net margin of 8.80% and a return on equity of 24.51%. The company had revenue of $231.03 million for the quarter, compared to analyst estimates of $102.27 million. Willdan Group has set its FY 2026 guidance at 5.000-5.150 EPS. Analysts anticipate that Willdan Group, Inc. will post 4.1 earnings per share for the current year.

Insider Buying and Selling at Willdan Group

In related news, Director Thomas Brisbin sold 58,757 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $88.14, for a total transaction of $5,178,841.98. Following the transaction, the director directly owned 96,687 shares in the company, valued at $8,521,992.18. The trade was a 37.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.60% of the company’s stock.

About Willdan Group

Willdan Group, Inc provides energy efficiency, infrastructure engineering, and technical consulting services to a diverse range of public and private sector clients. The company works with utilities, municipalities, state and federal agencies, and commercial enterprises to design, implement, and manage programs that promote sustainable energy use, grid modernization, and resilient infrastructure. Willdan’s offerings span program design and implementation, energy audits, measurement and verification, and project management for both new construction and retrofit initiatives.

Core services include energy advisory and engineering solutions, including feasibility studies, facility commissioning and retro-commissioning, $0 down financing for energy projects, and demand response program development.