Willdan Group (NASDAQ:WLDN) Raised to Strong-Buy at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Willdan Group (NASDAQ:WLDN – Free Report) from a buy rating to a strong-buy rating in a report issued on Tuesday morning.

WLDN has been the subject of a number of other research reports. Wedbush began coverage on Willdan Group in a research report on Tuesday, September 3rd. They issued an outperform rating and a $51.00 price target for the company. Roth Mkm upped their price target on Willdan Group from $34.00 to $47.00 and gave the stock a buy rating in a research report on Friday, August 2nd.

Read Our Latest Stock Report on WLDN

Willdan Group Stock Down 1.0 %

Willdan Group stock opened at $41.64 on Tuesday. The stock has a market cap of $575.34 million, a PE ratio of 44.77 and a beta of 1.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.81 and a current ratio of 1.81. Willdan Group has a one year low of $17.09 and a one year high of $42.70. The stock has a fifty day moving average of $37.63 and a 200 day moving average of $32.69.

Willdan Group (NASDAQ:WLDN – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. The business had revenue of $141.00 million during the quarter, compared to analysts’ expectations of $123.07 million. Willdan Group had a return on equity of 12.06% and a net margin of 3.10%. During the same quarter in the prior year, the business posted $0.19 earnings per share. As a group, sell-side analysts predict that Willdan Group will post 1.72 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael A. Bieber sold 750 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $36.46, for a total transaction of $27,345.00. Following the completion of the sale, the chief executive officer now owns 169,726 shares in the company, valued at $6,188,209.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Creighton K. Early sold 10,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $36.45, for a total transaction of $364,500.00. Following the completion of the sale, the chief financial officer now owns 68,342 shares in the company, valued at $2,491,065.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael A. Bieber sold 750 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $36.46, for a total value of $27,345.00. Following the sale, the chief executive officer now owns 169,726 shares of the company’s stock, valued at approximately $6,188,209.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 218,535 shares of company stock worth $6,739,175. 9.80% of the stock is owned by corporate insiders.

Institutional Trading of Willdan Group

Institutional investors have recently made changes to their positions in the business. ProShare Advisors LLC bought a new position in Willdan Group during the second quarter valued at approximately $48,000. Acadian Asset Management LLC lifted its stake in shares of Willdan Group by 168.3% in the 1st quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock valued at $78,000 after purchasing an additional 1,725 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Willdan Group in the 1st quarter valued at approximately $90,000. BNP Paribas Financial Markets lifted its stake in shares of Willdan Group by 82.5% in the 1st quarter. BNP Paribas Financial Markets now owns 6,080 shares of the construction company’s stock valued at $176,000 after purchasing an additional 2,748 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Willdan Group by 73.6% in the 1st quarter. Lazard Asset Management LLC now owns 6,800 shares of the construction company’s stock valued at $197,000 after purchasing an additional 2,882 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Willdan Group Company Profile

(Get Free Report)

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.

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