Willdan Group (NASDAQ:WLDN) Given Outperform Rating at Wedbush

Willdan Group (NASDAQ:WLDN)‘s stock had its “outperform” rating reiterated by equities researchers at Wedbush in a research report issued to clients and investors on Monday, RTT News reports. They currently have a $51.00 price objective on the construction company’s stock. Wedbush’s price objective suggests a potential upside of 13.86% from the stock’s current price.

Several other equities research analysts also recently issued reports on WLDN. StockNews.com downgraded Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Roth Mkm increased their target price on Willdan Group from $34.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.

Willdan Group Stock Performance

Shares of WLDN traded up $1.11 on Monday, reaching $44.79. 293,485 shares of the stock traded hands, compared to its average volume of 99,839. The firm has a market cap of $626.79 million, a price-to-earnings ratio of 27.48 and a beta of 1.39. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.81 and a quick ratio of 1.81. Willdan Group has a 12 month low of $17.23 and a 12 month high of $50.00. The stock’s 50-day moving average price is $41.71 and its 200-day moving average price is $35.44.

Willdan Group (NASDAQ:WLDN) last announced its earnings results on Thursday, August 1st. The construction company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. Willdan Group had a net margin of 3.97% and a return on equity of 14.14%. The company had revenue of $141.00 million during the quarter, compared to the consensus estimate of $123.07 million. During the same period in the previous year, the firm posted $0.19 earnings per share. Equities analysts forecast that Willdan Group will post 1.72 EPS for the current fiscal year.

Insider Buying and Selling at Willdan Group

In other news, CEO Michael A. Bieber sold 10,346 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $36.61, for a total transaction of $378,767.06. Following the transaction, the chief executive officer now owns 169,726 shares in the company, valued at approximately $6,213,668.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Michael A. Bieber sold 10,346 shares of Willdan Group stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $36.61, for a total value of $378,767.06. Following the transaction, the chief executive officer now directly owns 169,726 shares of the company’s stock, valued at $6,213,668.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Creighton K. Early sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $36.45, for a total transaction of $364,500.00. Following the sale, the chief financial officer now directly owns 68,342 shares in the company, valued at approximately $2,491,065.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,305 shares of company stock worth $1,105,451 over the last 90 days. Company insiders own 9.80% of the company’s stock.

Institutional Trading of Willdan Group

Several hedge funds have recently modified their holdings of the stock. nVerses Capital LLC increased its stake in shares of Willdan Group by 125.0% during the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Willdan Group during the third quarter valued at about $44,000. ProShare Advisors LLC bought a new position in Willdan Group during the second quarter worth about $48,000. Acadian Asset Management LLC raised its position in shares of Willdan Group by 168.3% in the first 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 period. Finally, EntryPoint Capital LLC purchased a new stake in shares of Willdan Group during the 1st quarter valued at approximately $90,000. Institutional investors own 72.29% of the company’s stock.

About Willdan Group

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.