Willdan Group Inc. (NASDAQ:WLDN) had its target price hoisted by Wedbush from $17.00 to $20.00 in a report published on Monday morning. The brokerage currently has an outperform rating on the stock.

Separately, Zacks Investment Research upgraded Willdan Group from a sell rating to a hold rating and set a $22.00 price target for the company in a report on Saturday, November 5th.

Willdan Group (NASDAQ:WLDN) opened at 18.53 on Monday. The firm has a 50-day moving average price of $17.43 and a 200 day moving average price of $13.60. Willdan Group has a 12-month low of $6.95 and a 12-month high of $19.49. The firm has a market cap of $153.76 million, a PE ratio of 28.25 and a beta of 1.42.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. Willdan Group had a return on equity of 16.60% and a net margin of 3.88%. The business earned $58.70 million during the quarter, compared to analysts’ expectations of $51.09 million. Equities research analysts forecast that Willdan Group will post $0.95 EPS for the current year.

Large investors have recently modified their holdings of the company. Tocqueville Asset Management L.P. increased its stake in shares of Willdan Group by 82.3% in the second quarter. Tocqueville Asset Management L.P. now owns 206,394 shares of the company’s stock valued at $2,192,000 after buying an additional 93,194 shares during the period. ClariVest Asset Management LLC bought a new stake in shares of Willdan Group during the third quarter valued at about $350,000. Navellier & Associates Inc bought a new stake in shares of Willdan Group during the third quarter valued at about $227,000. Northern Trust Corp bought a new stake in shares of Willdan Group during the third quarter valued at about $185,000. Finally, Wells Fargo & Company MN bought a new stake in shares of Willdan Group during the third quarter valued at about $163,000. Hedge funds and other institutional investors own 32.09% of the company’s stock.

About Willdan Group

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. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.

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