Willdan Group (WLDN) Downgraded to “Sell” at BidaskClub

BidaskClub cut shares of Willdan Group (NASDAQ:WLDN) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

WLDN has been the topic of several other research reports. Canaccord Genuity set a $36.00 target price on shares of Willdan Group and gave the company a buy rating in a report on Sunday, March 11th. Zacks Investment Research reaffirmed a hold rating on shares of Willdan Group in a report on Saturday, January 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $35.75.

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Shares of NASDAQ:WLDN opened at $30.02 on Friday. The stock has a market capitalization of $258.35, a PE ratio of 24.54 and a beta of 0.93. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.04. Willdan Group has a fifty-two week low of $19.25 and a fifty-two week high of $36.87.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, March 8th. The construction company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The business had revenue of $64.16 million for the quarter, compared to the consensus estimate of $55.44 million. Willdan Group had a net margin of 4.44% and a return on equity of 17.31%. equities analysts predict that Willdan Group will post 1.57 earnings per share for the current fiscal year.

In related news, insider Marc Tipermas sold 2,500 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $26.47, for a total transaction of $66,175.00. Following the sale, the insider now owns 42,500 shares of the company’s stock, valued at $1,124,975. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.30% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in WLDN. Bank of New York Mellon Corp boosted its holdings in 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 worth $822,000 after buying an additional 3,675 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Willdan Group by 3,388.1% during the third quarter. Wells Fargo & Company MN now owns 9,069 shares of the construction company’s stock worth $295,000 after buying an additional 8,809 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Willdan Group by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 414,920 shares of the construction company’s stock worth $13,468,000 after buying an additional 6,232 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Willdan Group by 119.7% during the third quarter. Allianz Asset Management GmbH now owns 44,329 shares of the construction company’s stock worth $1,439,000 after buying an additional 24,149 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in Willdan Group by 454.1% during the third quarter. Algert Global LLC now owns 76,188 shares of the construction company’s stock worth $2,473,000 after buying an additional 62,438 shares in the last quarter. 64.39% of the stock is currently owned by hedge funds and other institutional investors.

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Willdan Group Company Profile

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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