ValuEngine Lowers Willdan Group (NASDAQ:WLDN) to Hold

ValuEngine lowered shares of Willdan Group (NASDAQ:WLDN) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

Several other research analysts have also commented on WLDN. BidaskClub raised Misonix from a buy rating to a strong-buy rating in a research report on Wednesday, July 3rd. Zacks Investment Research lowered Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Saturday, May 11th. Finally, Wedbush reissued an outperform rating and issued a $79.00 target price on shares of Aimmune Therapeutics in a report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $42.50.

NASDAQ WLDN opened at $34.52 on Tuesday. The stock has a market cap of $390.67 million, a PE ratio of 22.42 and a beta of 1.26. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.59. Willdan Group has a twelve month low of $27.61 and a twelve month high of $40.70. The business’s fifty day simple moving average is $33.85.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, May 2nd. The construction company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. Willdan Group had a return on equity of 12.34% and a net margin of 2.39%. The business had revenue of $91.79 million for the quarter, compared to analyst estimates of $80.79 million. Analysts expect that Willdan Group will post 1.67 EPS for the current fiscal year.

In other news, SVP Paul Milton Whitelaw sold 3,500 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $31.74, for a total value of $111,090.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Thomas Donald Brisbin sold 8,701 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $32.26, for a total value of $280,694.26. Following the completion of the sale, the chairman now directly owns 211,474 shares of the company’s stock, valued at approximately $6,822,151.24. The disclosure for this sale can be found here. Insiders have sold 47,259 shares of company stock valued at $1,618,600 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Rice Hall James & Associates LLC lifted its holdings in Willdan Group by 111.0% during the 1st quarter. Rice Hall James & Associates LLC now owns 507,745 shares of the construction company’s stock worth $18,822,000 after buying an additional 267,081 shares during the last quarter. Northern Trust Corp lifted its holdings in Willdan Group by 16.2% during the 4th quarter. Northern Trust Corp now owns 133,488 shares of the construction company’s stock worth $4,670,000 after buying an additional 18,562 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Willdan Group by 41.0% during the 4th quarter. Geode Capital Management LLC now owns 111,762 shares of the construction company’s stock worth $3,909,000 after purchasing an additional 32,499 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Willdan Group during the 4th quarter worth approximately $112,000. Finally, TimesSquare Capital Management LLC raised its position in shares of Willdan Group by 18.7% during the 1st quarter. TimesSquare Capital Management LLC now owns 721,710 shares of the construction company’s stock worth $26,754,000 after purchasing an additional 113,945 shares during the period. 78.52% of the stock is owned by institutional investors.

About Willdan Group

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 survey, program design, master planning, benchmarking analysis, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services.

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