Willdan Group (NASDAQ:WLDN) Stock Passes Above 200 Day Moving Average – Here’s Why

Willdan Group, Inc. (NASDAQ:WLDN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $98.76 and traded as high as $99.19. Willdan Group shares last traded at $97.48, with a volume of 250,277 shares.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wedbush assumed coverage on Willdan Group in a research report on Thursday, April 9th. They set an “outperform” rating and a $110.00 price objective for the company. Wall Street Zen lowered Willdan Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings lowered Willdan Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.67.

Willdan Group Price Performance

The stock has a 50-day simple moving average of $85.50 and a 200 day simple moving average of $98.76. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 26.28 and a beta of 1.11.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, May 7th. The construction company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. Willdan Group had a return on equity of 23.36% and a net margin of 8.24%.The company had revenue of $92.43 million during the quarter, compared to the consensus estimate of $92.17 million. Willdan Group has set its FY 2026 guidance at 4.900-5.050 EPS. On average, equities research analysts forecast that Willdan Group, Inc. will post 4.12 EPS for the current fiscal year.

Insider Buying and Selling at Willdan Group

In other news, CEO Michael A. Bieber sold 56,676 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $91.58, for a total transaction of $5,190,388.08. Following the completion of the sale, the chief executive officer directly owned 249,525 shares of the company’s stock, valued at $22,851,499.50. This trade represents a 18.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Willdan Group

A number of hedge funds and other institutional investors have recently made changes to their positions in WLDN. Royal Bank of Canada raised its stake in shares of Willdan Group by 3.2% during the 1st quarter. Royal Bank of Canada now owns 76,990 shares of the construction company’s stock worth $3,134,000 after purchasing an additional 2,386 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Willdan Group by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,530 shares of the construction company’s stock worth $307,000 after purchasing an additional 312 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Willdan Group by 35.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,421 shares of the construction company’s stock worth $8,731,000 after purchasing an additional 55,704 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Willdan Group by 205.9% during the 1st quarter. Jane Street Group LLC now owns 25,302 shares of the construction company’s stock worth $1,030,000 after purchasing an additional 17,031 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Willdan Group by 10.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 87,234 shares of the construction company’s stock worth $5,453,000 after purchasing an additional 8,602 shares in the last quarter. 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.