Brokerages Set Willdan Group, Inc. (WLDN) PT at $35.33

Willdan Group, Inc. (NASDAQ:WLDN) has earned a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $35.33.

Several brokerages have recently weighed in on WLDN. Zacks Investment Research upgraded Willdan Group from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Thursday, October 19th. ValuEngine upgraded Willdan Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Seaport Global Securities reiterated a “buy” rating and issued a $37.00 price objective on shares of Willdan Group in a report on Wednesday, October 11th. Finally, BidaskClub lowered Willdan Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th.

In other Willdan Group news, Director Raymond W. Holdsworth, Jr. bought 2,500 shares of Willdan Group stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average price of $25.73 per share, for a total transaction of $64,325.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas James Mceachern purchased 1,180 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $27.32 per share, for a total transaction of $32,237.60. The disclosure for this purchase can be found here. 13.30% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WLDN. JPMorgan Chase & Co. bought a new stake in shares of Willdan Group during the 2nd quarter valued at about $109,000. Nationwide Fund Advisors acquired a new stake in Willdan Group during the second quarter valued at approximately $131,000. Oppenheimer Asset Management Inc. increased its stake in Willdan Group by 33.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,046 shares of the construction company’s stock valued at $185,000 after buying an additional 1,524 shares during the period. The Manufacturers Life Insurance Company increased its stake in Willdan Group by 1,356.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,655 shares of the construction company’s stock valued at $203,000 after buying an additional 6,198 shares during the period. Finally, Rhumbline Advisers bought a new stake in Willdan Group in the second quarter worth approximately $233,000. 66.05% of the stock is owned by institutional investors.

Shares of Willdan Group (WLDN) traded down $0.18 during trading hours on Friday, hitting $24.33. The stock had a trading volume of 52,557 shares, compared to its average volume of 114,349. The company has a market capitalization of $219.18, a P/E ratio of 21.75 and a beta of 1.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.46 and a current ratio of 1.46. Willdan Group has a 1 year low of $20.60 and a 1 year high of $36.87.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data 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 return on equity of 18.10% and a net margin of 3.90%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. sell-side analysts expect that Willdan Group will post 1.16 EPS for the current year.

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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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