Willdan Group (NASDAQ:WLDN) Given a $36.00 Price Target at Canaccord Genuity

Canaccord Genuity set a $36.00 price target on Willdan Group (NASDAQ:WLDN) in a research note issued to investors on Sunday, March 11th. The brokerage currently has a buy rating on the construction company’s stock.

Separately, Zacks Investment Research reiterated a hold rating on shares of Willdan Group in a research report on Saturday, January 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Willdan Group currently has a consensus rating of Buy and a consensus target price of $35.75.

Shares of Willdan Group stock traded up $0.28 during trading hours on Friday, hitting $29.69. 81,266 shares of the company’s stock traded hands, compared to its average volume of 74,996. Willdan Group has a 12-month low of $19.25 and a 12-month high of $36.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $259.23, a PE ratio of 25.16 and a beta of 0.94.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, March 8th. The construction company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $64.16 million during the quarter, compared to the consensus estimate of $55.44 million. Willdan Group had a return on equity of 17.31% and a net margin of 4.44%. equities analysts anticipate that Willdan Group will post 1.57 EPS for the current fiscal year.

In other Willdan Group news, insider Marc Tipermas sold 2,500 shares of Willdan Group stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $26.47, for a total value of $66,175.00. Following the transaction, the insider now directly owns 42,500 shares of the company’s stock, valued at approximately $1,124,975. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.30% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Willdan Group by 0.6% in the 4th quarter. BlackRock Inc. now owns 478,747 shares of the construction company’s stock worth $11,461,000 after buying an additional 3,054 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Willdan Group by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 414,920 shares of the construction company’s stock worth $13,468,000 after buying an additional 6,232 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Willdan Group by 12.8% during the second quarter. Vanguard Group Inc. now owns 306,407 shares of the construction company’s stock valued at $9,361,000 after purchasing an additional 34,791 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Willdan Group by 33.5% during the fourth quarter. Thrivent Financial For Lutherans now owns 278,314 shares of the construction company’s stock valued at $6,663,000 after purchasing an additional 69,790 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Willdan Group by 5.4% during the fourth quarter. Eagle Asset Management Inc. now owns 276,434 shares of the construction company’s stock valued at $6,617,000 after purchasing an additional 14,073 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

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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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