Willdan Group, Inc. (NASDAQ:WLDN) has been given an average recommendation of “Buy” by the six analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $41.33.

Several analysts have issued reports on WLDN shares. ValuEngine downgraded Willdan Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 27th. Wedbush lifted their price target on Willdan Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, November 12th. BidaskClub raised Willdan Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. Finally, Canaccord Genuity lifted their target price on Willdan Group from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, November 5th.

Several large investors have recently added to or reduced their stakes in WLDN. Bank of New York Mellon Corp increased its position in shares of Willdan Group by 47.3% in the second quarter. Bank of New York Mellon Corp now owns 47,144 shares of the construction company’s stock valued at $1,460,000 after acquiring an additional 15,132 shares during the last quarter. BlackRock Inc. grew its holdings in Willdan Group by 12.8% during the second quarter. BlackRock Inc. now owns 538,117 shares of the construction company’s stock worth $16,665,000 after purchasing an additional 61,156 shares during the period. Dimensional Fund Advisors LP grew its holdings in Willdan Group by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 444,378 shares of the construction company’s stock worth $13,762,000 after purchasing an additional 13,836 shares during the period. Bank of America Corp DE grew its holdings in Willdan Group by 30.5% during the second quarter. Bank of America Corp DE now owns 38,762 shares of the construction company’s stock worth $1,200,000 after purchasing an additional 9,052 shares during the period. Finally, Northern Trust Corp grew its holdings in Willdan Group by 2.7% during the second quarter. Northern Trust Corp now owns 111,141 shares of the construction company’s stock worth $3,442,000 after purchasing an additional 2,965 shares during the period. 56.46% of the stock is currently owned by institutional investors and hedge funds.

WLDN opened at $33.52 on Friday. Willdan Group has a 1 year low of $19.25 and a 1 year high of $39.00. The stock has a market capitalization of $371.70 million, a price-to-earnings ratio of 28.41 and a beta of 1.33.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings results on Thursday, November 1st. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). Willdan Group had a net margin of 4.85% and a return on equity of 15.67%. The firm had revenue of $71.39 million during the quarter, compared to analyst estimates of $61.01 million. Equities research analysts forecast that Willdan Group will post 1.43 earnings per share for the current fiscal year.

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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