Willdan Group (NASDAQ:WLDN) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Willdan Group (NASDAQ:WLDN) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Willdan Group in a research report on Monday, December 29th. Zacks Research raised Willdan Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Wedbush reiterated an “outperform” rating and set a $120.00 price objective on shares of Willdan Group in a report on Monday, October 6th. Finally, Compass Point set a $125.00 target price on Willdan Group in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $116.00.

Willdan Group Trading Up 2.9%

Shares of NASDAQ WLDN opened at $106.66 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $1.57 billion, a P/E ratio of 38.37 and a beta of 0.96. Willdan Group has a 1-year low of $30.43 and a 1-year high of $121.00. The business has a fifty day moving average price of $100.38 and a 200 day moving average price of $94.47.

Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, November 6th. The construction company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.40. The company had revenue of $94.97 million for the quarter, compared to analyst estimates of $164.00 million. Willdan Group had a return on equity of 20.23% and a net margin of 6.37%. Equities research analysts expect that Willdan Group will post 1.82 EPS for the current fiscal year.

Institutional Trading of Willdan Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its holdings in shares of Willdan Group by 1,915.4% in the third quarter. SBI Securities Co. Ltd. now owns 262 shares of the construction company’s stock valued at $25,000 after purchasing an additional 249 shares during the period. AdvisorShares Investments LLC acquired a new position in Willdan Group in the 2nd quarter worth approximately $30,000. Private Trust Co. NA acquired a new position in Willdan Group in the 3rd quarter worth approximately $48,000. NewEdge Advisors LLC purchased a new position in Willdan Group during the 3rd quarter worth approximately $48,000. Finally, State of Alaska Department of Revenue acquired a new stake in Willdan Group during the 3rd quarter valued at approximately $75,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

About Willdan Group

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.