Willdan Group (NASDAQ:WLDN) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Willdan Group, Inc. (NASDAQ:WLDN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $99.98 and traded as high as $133.00. Willdan Group shares last traded at $129.91, with a volume of 312,739 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on WLDN shares. Compass Point set a $125.00 price target on shares of Willdan Group in a research report on Friday, January 2nd. Wall Street Zen downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, January 11th. Zacks Research cut shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Wedbush upped their price objective on Willdan Group from $120.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Willdan Group in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $124.33.

Willdan Group Stock Down 0.7%

The stock has a market cap of $1.92 billion, a PE ratio of 46.73 and a beta of 0.96. The firm has a fifty day moving average of $108.51 and a 200 day moving average of $99.98. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.17.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings results on Thursday, November 6th. The construction company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.40. The company 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%. On average, equities research analysts anticipate that Willdan Group, Inc. will post 1.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Willdan Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Willdan Group by 1.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,615 shares of the construction company’s stock valued at $476,000 after acquiring an additional 85 shares in the last quarter. New York State Teachers Retirement System lifted its position in Willdan Group by 11.9% in the third quarter. New York State Teachers Retirement System now owns 1,263 shares of the construction company’s stock valued at $122,000 after purchasing an additional 134 shares during the period. CWM LLC boosted its holdings in Willdan Group by 7.0% in the 3rd quarter. CWM LLC now owns 2,185 shares of the construction company’s stock valued at $211,000 after purchasing an additional 143 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Willdan Group by 15.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,419 shares of the construction company’s stock valued at $89,000 after purchasing an additional 191 shares in the last quarter. Finally, Diversified Trust Co. increased its position in Willdan Group by 4.7% during the 4th quarter. Diversified Trust Co. now owns 4,308 shares of the construction company’s stock worth $447,000 after purchasing an additional 192 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Willdan Group Company Profile

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.