Willdan Group (NASDAQ:WLDN) Cut to “Buy” at Wall Street Zen

Willdan Group (NASDAQ:WLDN) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Willdan Group in a research report on Monday, December 29th. Compass Point set a $125.00 price target on shares of Willdan Group in a research note on Friday, January 2nd. Zacks Research lowered Willdan Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Wedbush restated an “outperform” rating and set a $120.00 price objective on shares of Willdan Group in a report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.00.

Willdan Group Stock Performance

Shares of Willdan Group stock opened at $119.79 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average is $102.43 and its two-hundred day moving average is $96.40. Willdan Group has a 52 week low of $30.43 and a 52 week high of $121.00. The company has a market capitalization of $1.77 billion, a PE ratio of 43.09 and a beta of 0.96.

Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, November 6th. The construction company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.40. The business had revenue of $94.97 million during the quarter, compared to the consensus estimate of $164.00 million. Willdan Group had a return on equity of 20.23% and a net margin of 6.37%. As a group, analysts expect that Willdan Group will post 1.82 earnings per share for the current year.

Hedge Funds Weigh In On Willdan Group

Several institutional investors and hedge funds have recently bought and sold shares of WLDN. SBI Securities Co. Ltd. increased its position in Willdan Group by 1,915.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 262 shares of the construction company’s stock valued at $25,000 after buying an additional 249 shares in the last quarter. AdvisorShares Investments LLC purchased a new stake in shares of Willdan Group during the second quarter worth about $30,000. Private Trust Co. NA acquired a new position in shares of Willdan Group during the third quarter valued at about $48,000. NewEdge Advisors LLC acquired a new position in shares of Willdan Group during the third quarter valued at about $48,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Willdan Group in the 3rd quarter valued at approximately $75,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

About Willdan Group

Willdan Group, Inc provides energy efficiency, infrastructure engineering, and technical consulting services to a diverse range of public and private sector clients. The company works with utilities, municipalities, state and federal agencies, and commercial enterprises to design, implement, and manage programs that promote sustainable energy use, grid modernization, and resilient infrastructure. Willdan’s offerings span program design and implementation, energy audits, measurement and verification, and project management for both new construction and retrofit initiatives.

Core services include energy advisory and engineering solutions, including feasibility studies, facility commissioning and retro-commissioning, $0 down financing for energy projects, and demand response program development.