Willdan Group, Inc. (WLDN) Receives Consensus Rating of “Buy” from Analysts

Willdan Group, Inc. (NASDAQ:WLDN) has received an average recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $36.50.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Willdan Group from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Thursday, October 19th. Seaport Global Securities reiterated a “buy” rating and set a $37.00 target price on shares of Willdan Group in a research report on Wednesday, October 11th. Finally, ValuEngine lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

Willdan Group (WLDN) opened at $23.80 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.03. The firm has a market cap of $208.58, a PE ratio of 20.70 and a beta of 1.13. Willdan Group has a 1 year low of $22.35 and a 1 year high of $36.87.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $69.00 million during the quarter, compared to analyst estimates of $60.39 million. Willdan Group had a net margin of 3.90% and a return on equity of 18.10%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. sell-side analysts expect that Willdan Group will post 1.17 EPS for the current fiscal year.

In other news, Director Douglas James Mceachern acquired 1,180 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $27.32 per share, for a total transaction of $32,237.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc Tipermas sold 1,318 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $24.90, for a total transaction of $32,818.20. Following the completion of the transaction, the insider now owns 42,015 shares of the company’s stock, valued at $1,046,173.50. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 4,100 shares of company stock valued at $106,588 and have sold 5,000 shares valued at $125,247. 13.30% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in WLDN. JPMorgan Chase & Co. bought a new position in shares of Willdan Group in the second quarter valued at approximately $109,000. Nationwide Fund Advisors bought a new position in shares of Willdan Group in the second quarter valued at approximately $131,000. The Manufacturers Life Insurance Company boosted its position in shares of Willdan Group by 1,356.2% in the second quarter. The Manufacturers Life Insurance Company now owns 6,655 shares of the construction company’s stock valued at $203,000 after acquiring an additional 6,198 shares during the period. Rhumbline Advisers purchased a new stake in Willdan Group in the second quarter valued at approximately $233,000. Finally, New York State Common Retirement Fund purchased a new stake in Willdan Group in the second quarter valued at approximately $247,000. Institutional investors own 66.07% of the company’s stock.

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About Willdan Group

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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