Willdan Group (WLDN) Receiving Somewhat Favorable News Coverage, Report Finds
Media stories about Willdan Group (NASDAQ:WLDN) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Willdan Group earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 45.4998508780218 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research analysts have issued reports on the company. ValuEngine cut Willdan Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Willdan Group from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Thursday, October 19th. Finally, Seaport Global Securities reiterated a “buy” rating and set a $37.00 price objective on shares of Willdan Group in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Willdan Group presently has a consensus rating of “Buy” and a consensus price target of $36.50.
Willdan Group (NASDAQ WLDN) traded down $0.61 during midday trading on Wednesday, reaching $23.33. 48,300 shares of the company’s stock traded hands, compared to its average volume of 74,200. Willdan Group has a 12-month low of $21.36 and a 12-month high of $36.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market cap of $199.81, a PE ratio of 20.11 and a beta of 1.17.
Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. Willdan Group had a net margin of 3.90% and a return on equity of 18.10%. The firm had revenue of $69.00 million for the quarter, compared to analysts’ expectations of $60.39 million. Willdan Group’s revenue was up 17.5% on a year-over-year basis. equities research analysts expect that Willdan Group will post 1.17 earnings per share for the current fiscal year.
In related news, Director Douglas James Mceachern purchased 1,180 shares of the stock in a transaction dated Thursday, November 9th. The shares were acquired at an average cost of $27.32 per share, for a total transaction of $32,237.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marc Tipermas sold 1,318 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $24.90, for a total transaction of $32,818.20. Following the transaction, the insider now owns 42,015 shares in the company, valued at $1,046,173.50. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 4,100 shares of company stock worth $106,588 and have sold 5,000 shares worth $125,247. Insiders own 13.30% of the company’s stock.
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Willdan Group Company Profile
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, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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