Trek Financial LLC Buys New Shares in Willdan Group, Inc. $WLDN

Trek Financial LLC purchased a new position in shares of Willdan Group, Inc. (NASDAQ:WLDN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,841 shares of the construction company’s stock, valued at approximately $468,000.

Other large investors have also recently added to or reduced their stakes in the company. AdvisorShares Investments LLC bought a new position in shares of Willdan Group in the 2nd quarter valued at about $30,000. Private Trust Co. NA acquired a new stake in Willdan Group in the 3rd quarter valued at about $48,000. USA Financial Formulas bought a new position in Willdan Group during the second quarter worth about $65,000. State of Alaska Department of Revenue acquired a new position in Willdan Group during the third quarter worth approximately $75,000. Finally, Raymond James Financial Inc. acquired a new position in Willdan Group during the second quarter worth approximately $80,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

Analyst Upgrades and Downgrades

WLDN has been the subject of a number of recent analyst reports. Wedbush raised their price objective on Willdan Group from $120.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Willdan Group in a report on Monday, December 29th. Wall Street Zen downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 11th. Compass Point set a $125.00 price objective on shares of Willdan Group in a research report on Friday, January 2nd. Finally, Zacks Research downgraded shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.33.

Willdan Group Price Performance

Shares of Willdan Group stock opened at $127.24 on Monday. Willdan Group, Inc. has a twelve month low of $30.43 and a twelve month high of $135.10. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $109.93 and a two-hundred day simple moving average of $100.98. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 45.77 and a beta of 0.96.

Willdan Group (NASDAQ:WLDN) last announced its earnings results on Thursday, November 6th. The construction company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $164.00 million. Analysts forecast that Willdan Group, Inc. will post 1.82 EPS for the current year.

Willdan Group 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.