Willdan Group (WLDN) Hits New 12-Month High at $40.32

Willdan Group, Inc. (NASDAQ:WLDN) reached a new 52-week high during trading on Monday . The company traded as high as $40.32 and last traded at $39.60, with a volume of 2876 shares traded. The stock had previously closed at $39.00.

A number of research firms have commented on WLDN. ValuEngine raised shares of Willdan Group from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. BidaskClub raised shares of Willdan Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Zacks Investment Research downgraded shares of Willdan Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.33.

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market cap of $429.78 million, a PE ratio of 25.49 and a beta of 1.12.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, March 7th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Willdan Group had a net margin of 3.68% and a return on equity of 15.64%. The business had revenue of $86.44 million for the quarter, compared to the consensus estimate of $73.80 million. As a group, equities analysts anticipate that Willdan Group, Inc. will post 1.59 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Legal & General Group Plc grew its position in shares of Willdan Group by 31.5% during the 4th quarter. Legal & General Group Plc now owns 1,507 shares of the construction company’s stock valued at $53,000 after acquiring an additional 361 shares during the period. Metropolitan Life Insurance Co. NY purchased a new position in shares of Willdan Group during the 4th quarter valued at $112,000. Vestor Capital LLC purchased a new position in shares of Willdan Group during the 4th quarter valued at $128,000. Barclays PLC lifted its stake in shares of Willdan Group by 36.4% during the 4th quarter. Barclays PLC now owns 4,177 shares of the construction company’s stock valued at $146,000 after buying an additional 1,115 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Willdan Group during the 4th quarter valued at $160,000. 73.13% of the stock is owned by hedge funds and other institutional investors.

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Willdan Group Company Profile (NASDAQ:WLDN)

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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