Willdan Group Inc. (WLDN) Downgraded by Zacks Investment Research
Willdan Group Inc. (NASDAQ:WLDN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “sell” rating in a research note issued to investors on Wednesday.
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. “
Separately, Wedbush reaffirmed an “outperform” rating and set a $15.00 price target (down from $17.00) on shares of Willdan Group in a research note on Friday, August 5th.
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Shares of Willdan Group (NASDAQ:WLDN) opened at 17.85 on Wednesday. Willdan Group has a 12 month low of $6.95 and a 12 month high of $19.15. The stock has a 50 day moving average price of $17.71 and a 200-day moving average price of $12.87. The stock has a market cap of $148.12 million, a P/E ratio of 27.21 and a beta of 1.16.
Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.14. Willdan Group had a return on equity of 13.55% and a net margin of 3.44%. The business earned $58.90 million during the quarter, compared to analyst estimates of $49.55 million. On average, analysts forecast that Willdan Group will post $0.85 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Willdan Group by 0.8% in the second quarter. Vanguard Group Inc. now owns 235,156 shares of the company’s stock worth $2,498,000 after buying an additional 1,834 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Willdan Group by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 217,341 shares of the company’s stock worth $2,308,000 after buying an additional 2,784 shares during the period. Finally, Tocqueville Asset Management L.P. increased its stake in shares of Willdan Group by 82.3% in the second quarter. Tocqueville Asset Management L.P. now owns 206,394 shares of the company’s stock worth $2,192,000 after buying an additional 93,194 shares during the period. 31.95% of the stock is owned by hedge funds and other institutional investors.
Willdan Group Company Profile
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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