Willdan Group (NASDAQ:WLDN) Hits New 52-Week High – Here’s What Happened

Shares of Willdan Group, Inc. (NASDAQ:WLDN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $122.80 and last traded at $120.7880, with a volume of 51291 shares. The stock had previously closed at $119.79.

Analyst Upgrades and Downgrades

WLDN has been the topic of a number of research analyst reports. Compass Point set a $125.00 target price on Willdan Group in a report on Friday, January 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Willdan Group in a research note on Monday, December 29th. Wedbush reissued an “outperform” rating and set a $120.00 price objective on shares of Willdan Group in a research report on Monday, October 6th. Wall Street Zen cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Zacks Research lowered shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Willdan Group presently has an average rating of “Moderate Buy” and an average price target of $116.00.

Willdan Group Stock Performance

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 business has a 50 day moving average price of $102.43 and a 200 day moving average price of $96.66. The stock has a market capitalization of $1.80 billion, a PE ratio of 43.93 and a beta of 0.96.

Willdan Group (NASDAQ:WLDN) last announced its quarterly 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 company had revenue of $94.97 million for the quarter, compared to analysts’ expectations of $164.00 million. As a group, equities research analysts expect that Willdan Group, Inc. will post 1.82 earnings per share for the current year.

Institutional Investors Weigh In On Willdan Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in Willdan Group by 3.2% in the 1st quarter. Royal Bank of Canada now owns 76,990 shares of the construction company’s stock valued at $3,134,000 after acquiring an additional 2,386 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Willdan Group by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,530 shares of the construction company’s stock valued at $307,000 after purchasing an additional 312 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Willdan Group by 35.1% during the first quarter. Goldman Sachs Group Inc. now owns 214,421 shares of the construction company’s stock valued at $8,731,000 after buying an additional 55,704 shares during the last quarter. Jane Street Group LLC increased its holdings in Willdan Group by 205.9% in the 1st quarter. Jane Street Group LLC now owns 25,302 shares of the construction company’s stock worth $1,030,000 after buying an additional 17,031 shares in the last quarter. Finally, Strs Ohio purchased a new position in Willdan Group in the 1st quarter worth about $334,000. Institutional investors 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.