Willdan Group, Inc. (NASDAQ:WLDN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus target price of $37.67 for the company and are forecasting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also assigned Willdan Group an industry rank of 55 out of 265 based on the ratings given to its competitors.

Several equities research analysts recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and issued a $40.00 price target (up from $35.00) on shares of Willdan Group in a research note on Friday. Zacks Investment Research cut Willdan Group from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Canaccord Genuity assumed coverage on Willdan Group in a research note on Thursday, March 30th. They issued a “buy” rating on the stock.

In other Willdan Group news, Director Raymond W. Holdsworth, Jr. acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were bought at an average cost of $31.70 per share, with a total value of $31,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc Tipermas sold 4,714 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $31.05, for a total value of $146,369.70. Following the sale, the insider now directly owns 48,333 shares in the company, valued at $1,500,739.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,000 shares of company stock worth $1,396,451. Insiders own 13.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in WLDN. Numeric Investors LLC acquired a new stake in Willdan Group during the fourth quarter valued at approximately $5,648,000. Ellington Management Group LLC acquired a new stake in Willdan Group during the fourth quarter valued at approximately $212,000. Two Sigma Investments LP acquired a new stake in Willdan Group during the fourth quarter valued at approximately $1,488,000. A.R.T. Advisors LLC acquired a new stake in Willdan Group during the fourth quarter valued at approximately $207,000. Finally, Renaissance Technologies LLC boosted its stake in Willdan Group by 38.6% in the fourth quarter. Renaissance Technologies LLC now owns 506,989 shares of the construction company’s stock valued at $11,453,000 after buying an additional 141,189 shares during the period. 35.80% of the stock is currently owned by institutional investors.

Willdan Group (NASDAQ:WLDN) opened at 32.14 on Monday. The company has a market cap of $275.09 million, a price-to-earnings ratio of 28.32 and a beta of 1.73. The firm’s 50-day moving average is $30.89 and its 200 day moving average is $26.54. Willdan Group has a 12-month low of $9.76 and a 12-month high of $36.39.

Willdan Group (NASDAQ:WLDN) last announced its earnings results on Thursday, March 9th. The construction company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $57.43 million during the quarter, compared to the consensus estimate of $42.98 million. Willdan Group had a return on equity of 16.60% and a net margin of 3.88%. On average, equities analysts expect that Willdan Group will post $1.19 earnings per share for the current fiscal year.

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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, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.

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