Willdan Group Inc. (WLDN) Shares Up 2.9%
Shares of Willdan Group Inc. (NASDAQ:WLDN) shot up 2.9% during mid-day trading on Monday . The stock traded as high as $15.64 and last traded at $15.50, with a volume of 66,899 shares changing hands. The stock had previously closed at $15.06.
Several brokerages have issued reports on WLDN. Wedbush reaffirmed an “outperform” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Willdan Group in a research report on Friday, August 5th. Zacks Investment Research raised shares of Willdan Group from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, June 2nd.
The company’s 50-day moving average is $11.91 and its 200-day moving average is $10.22. The firm has a market capitalization of $129.53 million and a P/E ratio of 23.80.
Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.14. The business had revenue of $58.90 million for the quarter, compared to analyst estimates of $49.55 million. On average, equities analysts anticipate that Willdan Group Inc. will post $0.87 earnings per share for the current year.
An institutional investor recently raised its position in Willdan Group stock. Dimensional Fund Advisors LP raised its position in Willdan Group Inc. (NASDAQ:WLDN) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,857 shares of the company’s stock after buying an additional 9,789 shares during the period. Dimensional Fund Advisors LP owned 2.68% of Willdan Group worth $1,775,000 at the end of the most recent quarter.
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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