Willdan Group (NASDAQ:WLDN) Rating Reiterated by Wedbush

Wedbush reiterated their outperform rating on shares of Willdan Group (NASDAQ:WLDN) in a report released on Monday morning, Benzinga reports. They currently have a $35.00 target price on the construction company’s stock.

Other equities research analysts have also recently issued reports about the stock. StockNews.com cut shares of Willdan Group from a strong-buy rating to a buy rating in a research report on Saturday, March 16th. Roth Mkm restated a buy rating and issued a $34.00 price target (up from $27.00) on shares of Willdan Group in a research note on Friday, March 22nd.

Willdan Group Stock Performance

NASDAQ:WLDN opened at $33.10 on Monday. Willdan Group has a 52 week low of $15.42 and a 52 week high of $33.50. The company has a fifty day simple moving average of $27.24 and a two-hundred day simple moving average of $22.46. The company has a quick ratio of 1.67, a current ratio of 1.79 and a debt-to-equity ratio of 0.43. The company has a market cap of $457.34 million, a price-to-earnings ratio of 35.59 and a beta of 1.47.

Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, March 7th. The construction company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.37. Willdan Group had a net margin of 2.44% and a return on equity of 10.62%. The firm had revenue of $155.68 million for the quarter, compared to analyst estimates of $160.00 million. During the same period in the prior year, the firm earned $0.25 earnings per share. As a group, equities analysts anticipate that Willdan Group will post 1.5 earnings per share for the current fiscal year.

Insider Transactions at Willdan Group

In related news, major shareholder Fund L.P. Forager sold 5,707 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $33.01, for a total value of $188,388.07. Following the transaction, the insider now directly owns 1,613,241 shares of the company’s stock, valued at approximately $53,253,085.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 163,684 shares of company stock worth $5,007,042. 9.80% of the stock is currently owned by insiders.

Institutional Trading of Willdan Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Summit Creek Advisors LLC increased its position in Willdan Group by 0.4% during the third quarter. Summit Creek Advisors LLC now owns 382,803 shares of the construction company’s stock worth $7,821,000 after buying an additional 1,587 shares during the period. Rock Point Advisors LLC grew its position in shares of Willdan Group by 1.4% during the fourth quarter. Rock Point Advisors LLC now owns 329,475 shares of the construction company’s stock worth $7,084,000 after acquiring an additional 4,464 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Willdan Group by 0.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 164,272 shares of the construction company’s stock valued at $3,356,000 after acquiring an additional 1,199 shares during the period. Essex Investment Management Co. LLC increased its holdings in shares of Willdan Group by 1.6% in the 1st quarter. Essex Investment Management Co. LLC now owns 135,336 shares of the construction company’s stock valued at $3,923,000 after acquiring an additional 2,100 shares during the period. Finally, EAM Investors LLC purchased a new stake in Willdan Group in the 3rd quarter valued at $1,183,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

Willdan Group Company Profile

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 audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.