Willdan Group (NASDAQ:WLDN) Earns “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Willdan Group (NASDAQ:WLDN) in a research report released on Monday, Benzinga reports. The brokerage currently has a $35.00 price objective on the construction company’s stock.

A number of other equities analysts have also recently issued reports on WLDN. Roth Mkm restated a buy rating and issued a $34.00 price objective (up previously from $27.00) on shares of Willdan Group in a research note on Friday, March 22nd. StockNews.com lowered shares of Willdan Group from a strong-buy rating to a buy rating in a research report on Saturday, March 16th.

Willdan Group Stock Up 0.1 %

WLDN stock opened at $33.10 on Monday. Willdan Group has a twelve month low of $15.42 and a twelve month high of $33.50. The company has a quick ratio of 1.67, a current ratio of 1.79 and a debt-to-equity ratio of 0.43. The company has a market cap of $457.34 million, a PE ratio of 35.59 and a beta of 1.47. The business’s 50-day simple moving average is $27.24 and its 200 day simple moving average is $22.46.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data on Thursday, March 7th. The construction company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.37. The company had revenue of $155.68 million during the quarter, compared to the consensus estimate of $160.00 million. Willdan Group had a return on equity of 10.62% and a net margin of 2.44%. During the same quarter last year, the company earned $0.25 EPS. On average, research analysts anticipate that Willdan Group will post 1.5 earnings per share for the current year.

Insider Activity

In related news, major shareholder Fund L.P. Forager sold 10,456 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $29.83, for a total transaction of $311,902.48. Following the completion of the sale, the insider now owns 1,900,057 shares in the company, valued at approximately $56,678,700.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 163,684 shares of company stock worth $5,007,042. Corporate insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Willdan Group

A number of large investors have recently bought and sold shares of WLDN. Conestoga Capital Advisors LLC lifted its position in shares of Willdan Group by 1.0% during the first quarter. Conestoga Capital Advisors LLC now owns 55,823 shares of the construction company’s stock worth $1,618,000 after purchasing an additional 540 shares in the last quarter. Kennedy Capital Management LLC boosted its position in Willdan Group by 0.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 164,272 shares of the construction company’s stock valued at $3,356,000 after buying an additional 1,199 shares during the last quarter. SG Americas Securities LLC boosted its position in Willdan Group by 27.2% in the 4th quarter. SG Americas Securities LLC now owns 6,776 shares of the construction company’s stock valued at $146,000 after buying an additional 1,448 shares during the last quarter. Summit Creek Advisors LLC increased its stake in shares of Willdan Group by 0.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 382,803 shares of the construction company’s stock valued at $7,821,000 after buying an additional 1,587 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of Willdan Group by 62.6% during the third quarter. New York State Common Retirement Fund now owns 5,200 shares of the construction company’s stock worth $106,000 after acquiring an additional 2,001 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

Willdan Group Company Profile

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.