Willdan Group, Inc. (NASDAQ:WLDN) has been given an average rating of “Buy” by the six ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $37.33.
Several research firms have recently weighed in on WLDN. BidaskClub upgraded shares of Willdan Group from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. ValuEngine upgraded shares of Willdan Group from a “hold” rating to a “buy” rating in a research report on Thursday, September 27th.
Shares of WLDN traded up $0.02 during trading hours on Friday, hitting $31.65. 168,187 shares of the stock were exchanged, compared to its average volume of 63,856. Willdan Group has a fifty-two week low of $19.25 and a fifty-two week high of $35.11. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. The stock has a market cap of $302.69 million, a PE ratio of 26.82 and a beta of 1.23.
Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Willdan Group had a net margin of 4.72% and a return on equity of 14.25%. The company had revenue of $59.83 million during the quarter. Sell-side analysts anticipate that Willdan Group will post 1.47 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Sagard Capital Partners Management Corp boosted its stake in Willdan Group by 130.3% during the second quarter. Sagard Capital Partners Management Corp now owns 179,018 shares of the construction company’s stock worth $5,544,000 after acquiring an additional 101,280 shares in the last quarter. Rhumbline Advisers bought a new position in Willdan Group during the second quarter worth $232,000. Northern Trust Corp boosted its stake in Willdan Group by 2.7% during the first quarter. Northern Trust Corp now owns 108,176 shares of the construction company’s stock worth $3,066,000 after acquiring an additional 2,868 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Willdan Group by 40.3% during the second quarter. PNC Financial Services Group Inc. now owns 353,160 shares of the construction company’s stock worth $10,937,000 after acquiring an additional 101,367 shares in the last quarter. Finally, Summit Global Investments bought a new position in Willdan Group during the second quarter worth $712,000. 67.65% of the stock is currently owned by institutional investors and hedge funds.
About Willdan Group
Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services to utilities, private industry, and public agencies at various levels of government primarily in the Unites States. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services, and Homeland Security Services.
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