Willdan Group (NASDAQ:WLDN) Reaches New 1-Year High – Still a Buy?

Shares of Willdan Group, Inc. (NASDAQ:WLDN) reached a new 52-week high during trading on Tuesday . The stock traded as high as $135.55 and last traded at $134.94, with a volume of 233412 shares changing hands. The stock had previously closed at $129.04.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WLDN. Zacks Research lowered shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Wedbush raised their target price on Willdan Group from $120.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Willdan Group in a research note on Monday, December 29th. Wall Street Zen downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 11th. Finally, Compass Point set a $125.00 price objective on Willdan Group in a research note on Friday, January 2nd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.33.

Willdan Group Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $1.99 billion, a PE ratio of 48.54 and a beta of 0.96. The company’s 50-day moving average price is $110.61 and its two-hundred day moving average price is $101.37.

Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, November 6th. The construction company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.40. The business had revenue of $94.97 million for the quarter, compared to analysts’ expectations of $164.00 million. Willdan Group had a return on equity of 20.23% and a net margin of 6.37%. On average, equities research analysts forecast that Willdan Group, Inc. will post 1.82 EPS for the current year.

Hedge Funds Weigh In On Willdan Group

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. grew its holdings in shares of Willdan Group by 1,915.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 262 shares of the construction company’s stock worth $25,000 after acquiring an additional 249 shares during the period. Spire Wealth Management purchased a new position in Willdan Group during the fourth quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Willdan Group in the 4th quarter worth about $28,000. AdvisorShares Investments LLC bought a new position in shares of Willdan Group in the 2nd quarter worth about $30,000. Finally, Private Trust Co. NA bought a new stake in Willdan Group during the third quarter worth about $48,000. 72.29% of the stock is owned by institutional investors.

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.