Willdan Group (NASDAQ:WLDN) Stock Crosses Above 200-Day Moving Average – Here’s Why

Shares of Willdan Group, Inc. (NASDAQ:WLDN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $98.76 and traded as high as $99.19. Willdan Group shares last traded at $97.48, with a volume of 250,277 shares trading hands.

Analysts Set New Price Targets

WLDN has been the topic of several research reports. Wedbush initiated coverage on shares of Willdan Group in a report on Thursday, April 9th. They set an “outperform” rating and a $110.00 price objective on the stock. Wall Street Zen lowered shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of Willdan Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.67.

Willdan Group Stock Down 1.2%

The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 25.96 and a beta of 1.11. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average price is $85.84 and its 200 day moving average price is $98.75.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. The firm had revenue of $92.43 million for the quarter, compared to analyst estimates of $92.17 million. Willdan Group had a net margin of 8.24% and a return on equity of 23.36%. Willdan Group has set its FY 2026 guidance at 4.900-5.050 EPS. As a group, research analysts forecast that Willdan Group, Inc. will post 4.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Willdan Group

In other news, CEO Michael A. Bieber sold 56,676 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $91.58, for a total transaction of $5,190,388.08. Following the sale, the chief executive officer directly owned 249,525 shares of the company’s stock, valued at $22,851,499.50. The trade was a 18.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Willdan Group by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 1,201,517 shares of the construction company’s stock valued at $124,549,000 after purchasing an additional 126,247 shares during the period. Wasatch Advisors LP lifted its position in Willdan Group by 45.9% during the first quarter. Wasatch Advisors LP now owns 381,581 shares of the construction company’s stock valued at $29,214,000 after purchasing an additional 120,110 shares during the period. Geode Capital Management LLC lifted its position in Willdan Group by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 343,000 shares of the construction company’s stock valued at $35,561,000 after purchasing an additional 2,185 shares during the period. Dimensional Fund Advisors LP lifted its position in Willdan Group by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 308,947 shares of the construction company’s stock valued at $23,652,000 after purchasing an additional 21,669 shares during the period. Finally, State Street Corp raised its position in shares of Willdan Group by 2.2% in the fourth quarter. State Street Corp now owns 305,845 shares of the construction company’s stock worth $31,704,000 after acquiring an additional 6,523 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Willdan Group Company Profile

Willdan Group, Inc provides energy efficiency, infrastructure engineering, and technical consulting services to a diverse range of public and private sector clients. The company works with utilities, municipalities, state and federal agencies, and commercial enterprises to design, implement, and manage programs that promote sustainable energy use, grid modernization, and resilient infrastructure. Willdan’s offerings span program design and implementation, energy audits, measurement and verification, and project management for both new construction and retrofit initiatives.

Core services include energy advisory and engineering solutions, including feasibility studies, facility commissioning and retro-commissioning, $0 down financing for energy projects, and demand response program development.