BidaskClub upgraded shares of Willdan Group (NASDAQ:WLDN) from a hold rating to a buy rating in a report released on Thursday morning.
A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity set a $36.00 price objective on shares of Willdan Group and gave the stock a buy rating in a report on Sunday, March 11th. Zacks Investment Research upgraded shares of Willdan Group from a hold rating to a buy rating and set a $30.00 price target for the company in a report on Wednesday, March 14th. ValuEngine lowered shares of Willdan Group from a hold rating to a sell rating in a report on Friday, May 4th. Finally, Roth Capital began coverage on shares of Willdan Group in a report on Friday, June 15th. They set a buy rating and a $39.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Willdan Group has an average rating of Buy and a consensus price target of $35.50.
Shares of WLDN opened at $30.97 on Thursday. The company has a market capitalization of $274.49 million, a PE ratio of 26.25 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.76 and a quick ratio of 1.76. 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 announced its quarterly earnings data on Thursday, May 3rd. The construction company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.10. The firm had revenue of $54.60 million during the quarter, compared to analyst estimates of $77.16 million. Willdan Group had a net margin of 4.50% and a return on equity of 15.35%. equities research analysts expect that Willdan Group will post 1.6 earnings per share for the current year.
In related news, SVP Paul Milton Whitelaw sold 4,709 shares of the company’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $27.18, for a total transaction of $127,990.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael A. Bieber sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $26.99, for a total transaction of $107,960.00. The disclosure for this sale can be found here. Corporate insiders own 11.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mount Yale Investment Advisors LLC bought a new position in Willdan Group in the 1st quarter worth $1,211,000. Royal Bank of Canada raised its holdings in Willdan Group by 255.7% in the 1st quarter. Royal Bank of Canada now owns 57,875 shares of the construction company’s stock worth $1,640,000 after purchasing an additional 41,606 shares in the last quarter. Sagard Capital Partners Management Corp bought a new position in Willdan Group in the 1st quarter worth $2,204,000. Bard Associates Inc. raised its holdings in Willdan Group by 14.5% in the 1st quarter. Bard Associates Inc. now owns 237,124 shares of the construction company’s stock worth $6,722,000 after purchasing an additional 29,985 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Willdan Group by 2.7% in the 1st quarter. Northern Trust Corp now owns 108,176 shares of the construction company’s stock worth $3,066,000 after purchasing an additional 2,868 shares in the last quarter. Institutional investors and hedge funds own 62.41% of the company’s stock.
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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