Willdan Group (NASDAQ:WLDN) Upgraded at Zacks Investment Research

Willdan Group (NASDAQ:WLDN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday, Zacks.com reports. The brokerage presently has a $40.00 target price on the construction company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 21.54% from the company’s previous close.

According to Zacks, “Willdan Group is a provider of professional technical and consulting services to utilities, private industry, and public agencies at all levels of government. Nationwide, they enable their clients to realize cost and energy savings by providing a wide range of specialized services. They assist their clients with a broad range of complementary services relating to: Energy Efficiency and Sustainability; Engineering and Planning; Economic and Financial Consulting; and National Preparedness and Interoperability. They operate their business through a network of offices located primarily in California and New York. They also have operations in Arizona, Colorado, Florida, Illinois, Kansas, Oregon, Texas, Washington and Washington, DC. “

WLDN has been the topic of a number of other research reports. ValuEngine downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, Wedbush reissued an “outperform” rating and set a $45.00 price objective on shares of Willdan Group in a report on Thursday, June 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Willdan Group currently has an average rating of “Buy” and a consensus target price of $41.67.

Shares of NASDAQ:WLDN traded down $2.16 during midday trading on Friday, hitting $32.91. The stock had a trading volume of 95,646 shares, compared to its average volume of 45,061. The stock has a market cap of $389.22 million, a P/E ratio of 21.37 and a beta of 1.21. The company’s 50 day moving average price is $34.89. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. Willdan Group has a 1 year low of $27.61 and a 1 year high of $40.70.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). The company had revenue of $104.40 million for the quarter, compared to analysts’ expectations of $87.13 million. Willdan Group had a return on equity of 12.34% and a net margin of 2.39%. Equities analysts forecast that Willdan Group will post 1.69 earnings per share for the current fiscal year.

In other Willdan Group news, Chairman Thomas Donald Brisbin sold 8,701 shares of Willdan Group stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $32.26, for a total transaction of $280,694.26. Following the completion of the transaction, the chairman now owns 211,474 shares in the company, valued at $6,822,151.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Paul Milton Whitelaw sold 3,500 shares of Willdan Group stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $31.74, for a total transaction of $111,090.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,259 shares of company stock valued at $1,618,600. 10.80% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Willdan Group during the second quarter worth about $27,000. New York State Teachers Retirement System acquired a new position in Willdan Group during the first quarter worth about $33,000. Legal & General Group Plc raised its position in Willdan Group by 31.5% during the fourth quarter. Legal & General Group Plc now owns 1,507 shares of the construction company’s stock worth $53,000 after acquiring an additional 361 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Willdan Group by 67,433.3% during the first quarter. BNP Paribas Arbitrage SA now owns 2,026 shares of the construction company’s stock worth $75,000 after acquiring an additional 2,023 shares during the last quarter. Finally, Brinker Capital Inc. acquired a new position in Willdan Group during the first quarter worth about $111,000. Institutional investors own 81.89% 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.

Read More: Rule of 72

Get a free copy of the Zacks research report on Willdan Group (WLDN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Willdan Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Willdan Group and related companies with MarketBeat.com's FREE daily email newsletter.