BidaskClub Upgrades Willdan Group (WLDN) to Hold

Willdan Group (NASDAQ:WLDN) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Several other research analysts have also recently weighed in on the company. Roth Capital began coverage on Willdan Group in a research note on Friday, June 15th. They set a “buy” rating and a $39.00 target price for the company. Zacks Investment Research cut Willdan Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 10th. ValuEngine cut Willdan Group from a “hold” rating to a “sell” rating in a research note on Friday, May 4th. Finally, Canaccord Genuity set a $36.00 target price on Willdan Group and gave the company a “buy” rating in a research note on Sunday, March 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Willdan Group presently has a consensus rating of “Buy” and a consensus price target of $35.50.

Willdan Group opened at $30.32 on Tuesday, MarketBeat reports. Willdan Group has a 1 year low of $19.25 and a 1 year high of $36.87. The firm has a market capitalization of $263.14 million, a PE ratio of 25.69 and a beta of 0.87. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.04.

Willdan Group (NASDAQ:WLDN) last announced its earnings results on Thursday, May 3rd. The construction company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.10. Willdan Group had a return on equity of 15.35% and a net margin of 4.50%. The business had revenue of $54.60 million during the quarter, compared to analysts’ expectations of $77.16 million. sell-side analysts predict that Willdan Group will post 1.6 earnings per share for the current year.

In other news, President Michael A. Bieber sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $26.99, for a total transaction of $107,960.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul Milton Whitelaw sold 4,709 shares of the company’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $27.18, for a total value of $127,990.62. The disclosure for this sale can be found here. Company insiders own 11.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in WLDN. Wells Fargo & Company MN lifted its holdings in shares of Willdan Group by 162.0% during the fourth quarter. Wells Fargo & Company MN now owns 23,764 shares of the construction company’s stock valued at $569,000 after purchasing an additional 14,695 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Willdan Group by 5.4% during the fourth quarter. Eagle Asset Management Inc. now owns 276,434 shares of the construction company’s stock valued at $6,617,000 after purchasing an additional 14,073 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Willdan Group by 20.5% during the fourth quarter. Bank of New York Mellon Corp now owns 30,538 shares of the construction company’s stock valued at $731,000 after purchasing an additional 5,205 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Willdan Group by 0.6% during the fourth quarter. BlackRock Inc. now owns 478,747 shares of the construction company’s stock valued at $11,461,000 after purchasing an additional 3,054 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Willdan Group by 33.5% during the fourth quarter. Thrivent Financial For Lutherans now owns 278,314 shares of the construction company’s stock valued at $6,663,000 after purchasing an additional 69,790 shares during the last quarter. 62.41% of the stock is owned by institutional investors and hedge funds.

About Willdan Group

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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