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

Shares of Willdan Group, Inc. (NASDAQ:WLDN) have earned 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 investment analysts have rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price objective of $34.67 for the company and are forecasting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given Willdan Group an industry rank of 113 out of 265 based on the ratings given to related companies.

WLDN has been the topic of several recent research reports. Canaccord Genuity initiated coverage on Willdan Group in a research report on Thursday, March 30th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Willdan Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 18th. Finally, Wedbush restated an “outperform” rating and issued a $23.00 price objective (down from $30.00) on shares of Willdan Group in a research report on Friday, January 20th.

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Shares of Willdan Group (NASDAQ:WLDN) traded down 2.2670% during trading on Thursday, reaching $30.2679. The company had a trading volume of 48,491 shares. Willdan Group has a 52 week low of $9.76 and a 52 week high of $36.39. The firm has a 50-day moving average of $30.68 and a 200 day moving average of $24.56. The firm has a market capitalization of $254.67 million, a price-to-earnings ratio of 31.2040 and a beta of 1.73.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings data on Thursday, March 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. Willdan Group had a return on equity of 16.60% and a net margin of 3.88%. On average, equities research analysts forecast that Willdan Group will post $1.17 earnings per share for the current year.

In other news, insider Marc Tipermas sold 8,286 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $33.85, for a total value of $280,481.10. Following the sale, the insider now directly owns 31,333 shares in the company, valued at $1,060,622.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Thomas Donald Brisbin sold 30,000 shares of the company’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $32.32, for a total value of $969,600.00. The disclosure for this sale can be found here. 13.30% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in Willdan Group by 38.6% in the fourth quarter. Renaissance Technologies LLC now owns 506,989 shares of the company’s stock valued at $11,453,000 after buying an additional 141,189 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Willdan Group by 22.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 302,315 shares of the company’s stock valued at $6,829,000 after buying an additional 56,149 shares during the last quarter. Numeric Investors LLC acquired a new position in Willdan Group during the fourth quarter valued at approximately $5,648,000. Tocqueville Asset Management L.P. raised its position in Willdan Group by 4.7% in the third quarter. Tocqueville Asset Management L.P. now owns 216,000 shares of the company’s stock valued at $3,791,000 after buying an additional 9,606 shares during the last quarter. Finally, Oxford Asset Management acquired a new position in Willdan Group during the fourth quarter valued at approximately $1,709,000. Institutional investors and hedge funds own 35.80% of the company’s stock.

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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