ValuEngine upgraded shares of Willdan Group (NASDAQ:WLDN) from a hold rating to a buy rating in a report published on Friday.
Separately, BidaskClub upgraded Willdan Group from a sell rating to a hold rating in a research note on Wednesday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $35.00.
NASDAQ:WLDN traded up $3.65 during trading hours on Friday, reaching $34.61. 239,067 shares of the stock were exchanged, compared to its average volume of 134,489. Willdan Group has a twelve month low of $19.25 and a twelve month high of $35.11.
Willdan Group (NASDAQ:WLDN) last released its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $59.83 million for the quarter.
Several hedge funds and other institutional investors have recently made changes to their positions in WLDN. Bank of Montreal Can raised its stake in shares of Willdan Group by 66.4% in the second quarter. Bank of Montreal Can now owns 6,119 shares of the construction company’s stock valued at $191,000 after acquiring an additional 2,441 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Willdan Group in the third quarter valued at $228,000. Rhumbline Advisers acquired a new stake in shares of Willdan Group in the second quarter valued at $232,000. First Trust Advisors LP raised its stake in shares of Willdan Group by 34.8% in the third quarter. First Trust Advisors LP now owns 11,642 shares of the construction company’s stock valued at $395,000 after acquiring an additional 3,004 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Willdan Group by 23.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 18,099 shares of the construction company’s stock valued at $514,000 after acquiring an additional 3,400 shares in the last quarter. Institutional investors and hedge funds own 68.14% of the company’s stock.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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