Willdan Group (NASDAQ:WLDN) has been given a $36.00 price target by stock analysts at Canaccord Genuity in a report issued on Monday, March 5th. The firm presently has a “buy” rating on the construction company’s stock. Canaccord Genuity’s target price points to a potential upside of 39.64% from the stock’s current price.
Separately, Zacks Investment Research reiterated a “hold” rating on shares of Willdan Group in a report on Saturday, January 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $36.50.
Willdan Group (NASDAQ:WLDN) traded down $0.23 during trading on Monday, hitting $25.78. 23,101 shares of the company’s stock were exchanged, compared to its average volume of 68,557. Willdan Group has a 12-month low of $19.25 and a 12-month high of $36.87. The company has a market capitalization of $234.11, a price-to-earnings ratio of 22.24 and a beta of 1.16. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.46 and a quick ratio of 1.46.
In related news, insider Marc Tipermas sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $25.24, for a total transaction of $75,720.00. Following the completion of the sale, the insider now owns 38,333 shares in the company, valued at $967,524.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in Willdan Group by 8.7% during the second quarter. Royal Bank of Canada now owns 16,390 shares of the construction company’s stock worth $500,000 after purchasing an additional 1,315 shares during the period. BlackRock Inc. boosted its position in Willdan Group by 0.6% during the fourth quarter. BlackRock Inc. now owns 478,747 shares of the construction company’s stock worth $11,461,000 after purchasing an additional 3,054 shares during the period. Bank of New York Mellon Corp boosted its position in Willdan Group by 17.0% during the third quarter. Bank of New York Mellon Corp now owns 25,333 shares of the construction company’s stock worth $822,000 after purchasing an additional 3,675 shares during the period. Advisor Group Inc. boosted its position in Willdan Group by 15.5% during the fourth quarter. Advisor Group Inc. now owns 30,302 shares of the construction company’s stock worth $725,000 after purchasing an additional 4,069 shares during the period. Finally, Cadence Capital Management LLC boosted its position in Willdan Group by 7.8% during the fourth quarter. Cadence Capital Management LLC now owns 56,368 shares of the construction company’s stock worth $1,349,000 after purchasing an additional 4,084 shares during the period. Institutional investors and hedge funds own 64.93% 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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