Willdan Group Inc. (WLDN) Sees Strong Trading Volume
Willdan Group Inc. (NASDAQ:WLDN) shares saw an uptick in trading volume on Wednesday . 315,081 shares were traded during mid-day trading, an increase of 132% from the previous session’s volume of 135,951 shares.The stock last traded at $17.29 and had previously closed at $16.53.
Several brokerages have weighed in on WLDN. Wedbush reaffirmed an “outperform” rating and issued a $15.00 target price (down from $17.00) on shares of Willdan Group in a research report on Friday, August 5th. Zacks Investment Research raised Willdan Group from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, June 2nd.
The stock has a 50 day moving average of $12.99 and a 200-day moving average of $10.71. The company has a market capitalization of $144.63 million and a P/E ratio of 26.57.
Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. The firm had revenue of $58.90 million for the quarter, compared to the consensus estimate of $49.55 million. Analysts expect that Willdan Group Inc. will post $0.87 earnings per share for the current year.
A hedge fund recently raised its stake in Willdan Group stock. Dimensional Fund Advisors LP boosted its position in shares of Willdan Group Inc. (NASDAQ:WLDN) by 4.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 211,857 shares of the company’s stock after buying an additional 9,789 shares during the period. Dimensional Fund Advisors LP owned approximately 2.68% of Willdan Group worth $1,775,000 as of its most recent SEC filing.
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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