Willdan Group, Inc. (NASDAQ:WLDN) has earned an average rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.33.
Several equities research analysts recently weighed in on the company. BidaskClub upgraded Willdan Group from a “sell” rating to a “hold” rating in a report on Wednesday. Canaccord Genuity set a $36.00 target price on Willdan Group and gave the stock a “buy” rating in a report on Sunday, March 11th. Finally, Zacks Investment Research restated a “hold” rating on shares of Willdan Group in a report on Saturday, January 6th.
WLDN opened at $29.90 on Friday. Willdan Group has a twelve month low of $19.25 and a twelve month high of $36.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $260.21, a P/E ratio of 25.34 and a beta of 0.94.
Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, March 8th. The construction company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Willdan Group had a return on equity of 17.31% and a net margin of 4.44%. The firm had revenue of $64.16 million during the quarter, compared to analyst estimates of $55.44 million. equities analysts expect that Willdan Group will post 1.57 earnings per share for the current year.
In other news, insider Marc Tipermas sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $26.47, for a total transaction of $66,175.00. Following the completion of the transaction, the insider now directly owns 42,500 shares in the company, valued at $1,124,975. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 13.30% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of WLDN. State Street Corp acquired a new position in shares of Willdan Group during the second quarter worth approximately $3,052,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Willdan Group by 1,356.2% during the second quarter. The Manufacturers Life Insurance Company now owns 6,655 shares of the construction company’s stock worth $203,000 after buying an additional 6,198 shares during the last quarter. California State Teachers Retirement System acquired a new position in shares of Willdan Group during the second quarter worth approximately $409,000. Bank of New York Mellon Corp increased its position in shares of Willdan Group by 17.0% during the third quarter. Bank of New York Mellon Corp now owns 25,333 shares of the construction company’s stock valued at $822,000 after purchasing an additional 3,675 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Willdan Group during the third quarter valued at approximately $4,356,000. Institutional investors own 64.37% of the company’s stock.
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About Willdan Group
Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services to utilities, private industry, and public agencies at various levels of government primarily in the Unites States. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services, and Homeland Security Services.
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