Willdan Group’s (WLDN) Outperform Rating Reiterated at Wedbush

Willdan Group (NASDAQ:WLDN)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a report released on Monday, RTT News reports. They presently have a $51.00 price target on the construction company’s stock. Wedbush’s price target indicates a potential upside of 13.86% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the company. Roth Mkm lifted their price objective on Willdan Group from $34.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th.

Willdan Group Trading Up 2.5 %

Shares of NASDAQ:WLDN traded up $1.11 during trading on Monday, reaching $44.79. 293,485 shares of the company traded hands, compared to its average volume of 99,839. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.40. Willdan Group has a 52-week low of $17.23 and a 52-week high of $50.00. The firm has a market capitalization of $626.79 million, a price-to-earnings ratio of 27.48 and a beta of 1.39. The business’s fifty day moving average is $41.71 and its 200-day moving average is $35.44.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. The firm had revenue of $141.00 million for the quarter, compared to analysts’ expectations of $123.07 million. Willdan Group had a net margin of 3.97% and a return on equity of 14.14%. During the same quarter in the previous year, the company earned $0.19 earnings per share. As a group, analysts forecast that Willdan Group will post 1.72 EPS for the current year.

Insider Activity

In related news, CEO Michael A. Bieber sold 10,346 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $36.61, for a total transaction of $378,767.06. Following the sale, the chief executive officer now owns 169,726 shares of the company’s stock, valued at $6,213,668.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Michael A. Bieber sold 10,346 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $36.61, for a total transaction of $378,767.06. Following the sale, the chief executive officer now directly owns 169,726 shares of the company’s stock, valued at approximately $6,213,668.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael A. Bieber sold 750 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $36.46, for a total transaction of $27,345.00. Following the completion of the transaction, the chief executive officer now owns 169,726 shares of the company’s stock, valued at approximately $6,188,209.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,305 shares of company stock worth $1,105,451 in the last quarter. 9.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Willdan Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC boosted its position in shares of Willdan Group by 28.9% in the third quarter. Los Angeles Capital Management LLC now owns 54,902 shares of the construction company’s stock worth $2,248,000 after purchasing an additional 12,304 shares during the period. Principal Financial Group Inc. bought a new position in Willdan Group in the 3rd quarter worth $308,000. Semanteon Capital Management LP purchased a new stake in Willdan Group in the 3rd quarter worth $579,000. Mount Yale Investment Advisors LLC bought a new stake in Willdan Group during the third quarter valued at about $284,000. Finally, Ausbil Investment Management Ltd purchased a new position in shares of Willdan Group in the third quarter valued at about $352,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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 audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.