Willdan Group (NASDAQ:WLDN - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Wedbush in a report released on Monday, Benzinga reports. They presently have a $35.00 price target on the construction company's stock. Wedbush's target price would indicate a potential upside of 6.64% from the stock's current price.
Several other research firms have also commented on WLDN. StockNews.com lowered shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 16th. Roth Mkm reissued a "buy" rating and issued a $34.00 price target (up previously from $27.00) on shares of Willdan Group in a report on Friday, March 22nd.
View Our Latest Analysis on Willdan Group
Willdan Group Price Performance
Shares of Willdan Group stock traded up $1.53 on Monday, hitting $32.82. 149,429 shares of the company traded hands, compared to its average volume of 56,028. The firm's 50-day simple moving average is $26.73 and its 200 day simple moving average is $22.29. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.45. The company has a market cap of $453.57 million, a P/E ratio of 35.29 and a beta of 1.47. Willdan Group has a 12-month low of $15.42 and a 12-month high of $33.30.
Willdan Group (NASDAQ:WLDN - Get Free Report) last released its earnings results on Thursday, March 7th. The construction company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.35 by $0.37. Willdan Group had a net margin of 2.44% and a return on equity of 10.80%. The company had revenue of $155.68 million for the quarter, compared to analyst estimates of $160.00 million. During the same quarter last year, the firm earned $0.25 EPS. Analysts expect that Willdan Group will post 1.5 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, major shareholder Fund L.P. Forager sold 50,208 shares of Willdan Group stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $28.85, for a total transaction of $1,448,500.80. Following the sale, the insider now owns 1,748,416 shares of the company's stock, valued at approximately $50,441,801.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 147,147 shares of company stock valued at $4,462,997 in the last quarter. Insiders own 9.80% of the company's stock.
Institutional Investors Weigh In On Willdan Group
A number of large investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in Willdan Group during the 3rd quarter valued at about $109,000. Strs Ohio purchased a new position in Willdan Group in the third quarter worth about $422,000. Summit Creek Advisors LLC raised its holdings in Willdan Group by 0.4% in the third quarter. Summit Creek Advisors LLC now owns 382,803 shares of the construction company's stock worth $7,821,000 after buying an additional 1,587 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in Willdan Group by 28.7% in the third quarter. Panagora Asset Management Inc. now owns 42,330 shares of the construction company's stock worth $865,000 after buying an additional 9,441 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Willdan Group by 62.6% in the third quarter. New York State Common Retirement Fund now owns 5,200 shares of the construction company's stock worth $106,000 after buying an additional 2,001 shares during the last quarter. Institutional investors own 72.29% of the company's stock.
About Willdan Group
(
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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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