Willdan Group (NASDAQ:WLDN) Rating Lowered to Hold at Zacks Research

Willdan Group (NASDAQ:WLDN) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on WLDN. Compass Point set a $125.00 price target on Willdan Group in a report on Friday, January 2nd. Wedbush restated an “outperform” rating and issued a $120.00 target price on shares of Willdan Group in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Willdan Group in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Willdan Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Willdan Group presently has an average rating of “Moderate Buy” and a consensus price target of $116.00.

Willdan Group Trading Up 0.3%

Shares of Willdan Group stock opened at $114.24 on Tuesday. Willdan Group has a 12-month low of $30.43 and a 12-month high of $121.00. The stock has a market capitalization of $1.69 billion, a P/E ratio of 41.09 and a beta of 0.96. The company has a 50-day simple moving average of $101.51 and a 200 day simple moving average of $95.60. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.17.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, November 6th. The construction company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.40. Willdan Group had a net margin of 6.37% and a return on equity of 20.23%. The firm had revenue of $94.97 million for the quarter, compared to analysts’ expectations of $164.00 million. Research analysts expect that Willdan Group will post 1.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WLDN. SBI Securities Co. Ltd. raised its stake in shares of Willdan Group by 1,915.4% during the third quarter. SBI Securities Co. Ltd. now owns 262 shares of the construction company’s stock worth $25,000 after buying an additional 249 shares during the last quarter. AdvisorShares Investments LLC acquired a new stake in Willdan Group during the 2nd quarter worth $30,000. Private Trust Co. NA bought a new stake in shares of Willdan Group during the 3rd quarter valued at $48,000. NewEdge Advisors LLC acquired a new position in shares of Willdan Group in the 3rd quarter valued at $48,000. Finally, USA Financial Formulas bought a new position in shares of Willdan Group in the 2nd quarter worth $65,000. Institutional investors own 72.29% of the company’s stock.

Willdan Group Company Profile

Willdan Group, Inc provides energy efficiency, infrastructure engineering, and technical consulting services to a diverse range of public and private sector clients. The company works with utilities, municipalities, state and federal agencies, and commercial enterprises to design, implement, and manage programs that promote sustainable energy use, grid modernization, and resilient infrastructure. Willdan’s offerings span program design and implementation, energy audits, measurement and verification, and project management for both new construction and retrofit initiatives.

Core services include energy advisory and engineering solutions, including feasibility studies, facility commissioning and retro-commissioning, $0 down financing for energy projects, and demand response program development.