Willdan Group (NASDAQ:WLDN) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Willdan Group (NASDAQ:WLDN) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Willdan Group in a research report on Tuesday, July 21st. Wedbush started coverage on Willdan Group in a report on Thursday, April 9th. They issued an “outperform” rating and a $110.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.67.

Willdan Group Trading Down 3.3%

NASDAQ:WLDN opened at $67.71 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.02 billion, a PE ratio of 18.25 and a beta of 1.13. The firm’s 50 day moving average is $83.79 and its 200 day moving average is $92.19. Willdan Group has a 12 month low of $64.67 and a 12 month high of $137.00.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.10. Willdan Group had a return on equity of 23.36% and a net margin of 8.24%.The business had revenue of $92.43 million during the quarter, compared to analyst estimates of $92.17 million. Willdan Group has set its FY 2026 guidance at 4.900-5.050 EPS. Sell-side analysts expect that Willdan Group will post 4.12 earnings per share for the current year.

Insider Transactions at Willdan Group

In other Willdan Group news, CEO Michael A. Bieber sold 56,676 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $91.58, for a total transaction of $5,190,388.08. Following the sale, the chief executive officer owned 249,525 shares of the company’s stock, valued at $22,851,499.50. The trade was a 18.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Willdan Group

Several hedge funds have recently made changes to their positions in WLDN. Swedbank AB boosted its stake in Willdan Group by 36.8% in the 4th quarter. Swedbank AB now owns 174,800 shares of the construction company’s stock worth $18,120,000 after purchasing an additional 47,000 shares during the period. Handelsbanken Fonder AB increased its position in shares of Willdan Group by 53.8% during the fourth quarter. Handelsbanken Fonder AB now owns 199,671 shares of the construction company’s stock valued at $20,698,000 after buying an additional 69,835 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Willdan Group by 25.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,805 shares of the construction company’s stock worth $19,071,000 after buying an additional 35,706 shares in the last quarter. Precision Wealth Strategies LLC purchased a new stake in shares of Willdan Group in the fourth quarter worth about $1,681,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of Willdan Group by 99.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 79,980 shares of the construction company’s stock valued at $8,852,000 after acquiring an additional 39,832 shares during the period. 72.29% of the stock is currently owned by hedge funds and other 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.