Willdan Group, Inc. (NASDAQ:WLDN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday, October 19th. The brokerage currently has a $33.00 price target on the construction company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 27.02% from the company’s current price.
According to Zacks, “Willdan Group is a provider of professional technical and consulting services to utilities, private industry, and public agencies at all levels of government. Nationwide, they enable their clients to realize cost and energy savings by providing a wide range of specialized services. They assist their clients with a broad range of complementary services relating to: Energy Efficiency and Sustainability; Engineering and Planning; Economic and Financial Consulting; and National Preparedness and Interoperability. They operate their business through a network of offices located primarily in California and New York. They also have operations in Arizona, Colorado, Florida, Illinois, Kansas, Oregon, Texas, Washington and Washington, DC. “
Other research analysts have also recently issued reports about the company. Wedbush reiterated an “outperform” rating on shares of Willdan Group in a report on Wednesday, July 12th. BidaskClub cut Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. ValuEngine cut Willdan Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $37.00 price objective on shares of Willdan Group in a report on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Willdan Group presently has an average rating of “Buy” and an average target price of $36.50.
Willdan Group (NASDAQ WLDN) traded up $0.17 on Thursday, reaching $25.98. The company had a trading volume of 124,508 shares, compared to its average volume of 64,338. Willdan Group has a 12-month low of $17.35 and a 12-month high of $36.87. The firm has a market capitalization of $228.21, a PE ratio of 22.71 and a beta of 1.21. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.04.
Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Willdan Group had a return on equity of 19.09% and a net margin of 3.90%. The firm had revenue of $69.00 million for the quarter, compared to analysts’ expectations of $60.39 million. Willdan Group’s quarterly revenue was up 17.5% compared to the same quarter last year. equities analysts predict that Willdan Group will post 1.16 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in WLDN. Tower Research Capital LLC TRC purchased a new stake in Willdan Group in the first quarter valued at approximately $105,000. JPMorgan Chase & Co. purchased a new stake in Willdan Group in the second quarter valued at approximately $109,000. Nationwide Fund Advisors purchased a new stake in Willdan Group in the second quarter valued at approximately $131,000. Oppenheimer Asset Management Inc. purchased a new stake in Willdan Group in the first quarter valued at approximately $146,000. Finally, The Manufacturers Life Insurance Company raised its position in Willdan Group by 1,356.2% in the second quarter. The Manufacturers Life Insurance Company now owns 6,655 shares of the construction company’s stock valued at $203,000 after purchasing an additional 6,198 shares during the period. 59.55% of the stock is currently owned by institutional investors.
Willdan Group Company Profile
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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