Willdan Group (NASDAQ:WLDN) Upgraded at BidaskClub

BidaskClub upgraded shares of Willdan Group (NASDAQ:WLDN) from a hold rating to a buy rating in a research note released on Thursday, BidAskClub reports.

A number of other equities analysts also recently weighed in on WLDN. Zacks Investment Research raised shares of Willdan Group from a sell rating to a hold rating in a research note on Saturday, May 11th. ValuEngine raised shares of Willdan Group from a hold rating to a buy rating in a research report on Monday, April 1st. Finally, Wedbush reissued an outperform rating and set a $45.00 target price on shares of Willdan Group in a research report on Thursday, June 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Willdan Group currently has a consensus rating of Buy and a consensus price target of $42.50.

NASDAQ WLDN opened at $37.25 on Thursday. Willdan Group has a 1-year low of $27.61 and a 1-year high of $40.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $417.70 million, a P/E ratio of 24.19 and a beta of 1.25. The stock has a fifty day moving average of $33.96.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.02. Willdan Group had a net margin of 2.39% and a return on equity of 12.34%. The business had revenue of $91.79 million for the quarter, compared to the consensus estimate of $80.79 million. Analysts anticipate that Willdan Group will post 1.67 EPS for the current fiscal year.

In other Willdan Group news, SVP Paul Milton Whitelaw sold 3,500 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $31.74, for a total transaction of $111,090.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Thomas Donald Brisbin sold 33,337 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $35.15, for a total transaction of $1,171,795.55. The disclosure for this sale can be found here. Insiders have sold 47,259 shares of company stock worth $1,618,600 over the last three months. Company insiders own 10.80% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. TimesSquare Capital Management LLC boosted its holdings in Willdan Group by 18.7% during the first quarter. TimesSquare Capital Management LLC now owns 721,710 shares of the construction company’s stock valued at $26,754,000 after acquiring an additional 113,945 shares during the period. BlackRock Inc. lifted its stake in shares of Willdan Group by 26.7% in the fourth quarter. BlackRock Inc. now owns 687,836 shares of the construction company’s stock valued at $24,060,000 after buying an additional 145,102 shares during the period. Rice Hall James & Associates LLC lifted its stake in shares of Willdan Group by 111.0% in the first quarter. Rice Hall James & Associates LLC now owns 507,745 shares of the construction company’s stock valued at $18,822,000 after buying an additional 267,081 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Willdan Group by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 467,741 shares of the construction company’s stock valued at $16,361,000 after buying an additional 4,094 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in shares of Willdan Group by 8.5% in the fourth quarter. Eagle Asset Management Inc. now owns 449,137 shares of the construction company’s stock valued at $15,710,000 after buying an additional 35,043 shares during the period. Institutional investors own 78.70% of the company’s stock.

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 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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