Willdan Group (WLDN) Downgraded to Sell at BidaskClub

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Willdan Group (NASDAQ:WLDN) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday, September 19th.

WLDN has been the subject of several other reports. ValuEngine cut Willdan Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Roth Capital assumed coverage on Willdan Group in a research note on Friday, June 15th. They set a “buy” rating and a $39.00 target price for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $35.00.

Shares of WLDN stock traded down $0.38 on Wednesday, hitting $32.92. The stock had a trading volume of 240,837 shares, compared to its average volume of 66,247. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $302.69 million, a PE ratio of 27.90 and a beta of 1.23. Willdan Group has a 1 year low of $19.25 and a 1 year high of $35.11.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Willdan Group had a return on equity of 14.25% and a net margin of 4.72%. The firm had revenue of $59.83 million for the quarter. Research analysts predict that Willdan Group will post 1.47 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Willdan Group by 12.8% during the 2nd quarter. BlackRock Inc. now owns 538,117 shares of the construction company’s stock worth $16,665,000 after acquiring an additional 61,156 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Willdan Group by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 444,378 shares of the construction company’s stock valued at $13,762,000 after purchasing an additional 13,836 shares during the period. Eagle Asset Management Inc. boosted its position in shares of Willdan Group by 34.6% in the 1st quarter. Eagle Asset Management Inc. now owns 372,176 shares of the construction company’s stock valued at $10,551,000 after purchasing an additional 95,742 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Willdan Group by 40.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 353,160 shares of the construction company’s stock valued at $10,937,000 after purchasing an additional 101,367 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Willdan Group by 1.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 281,990 shares of the construction company’s stock valued at $7,994,000 after purchasing an additional 3,676 shares during the period. 67.65% of the stock is 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.

Further Reading: Cash Flow Analysis in Stock Selection

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