Willdan Group Inc. (NASDAQ:WLDN) had its price objective boosted by analysts at Wedbush from $20.00 to $23.00 in a report issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price target would indicate a potential upside of 2.95% from the stock’s current price.

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

Shares of Willdan Group (NASDAQ:WLDN) opened at 22.34 on Wednesday. Willdan Group has a 52 week low of $7.10 and a 52 week high of $22.48. The firm has a market capitalization of $185.98 million, a price-to-earnings ratio of 26.66 and a beta of 1.42. The company’s 50-day moving average is $17.99 and its 200 day moving average is $14.24.

Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. Willdan Group had a net margin of 3.88% and a return on equity of 16.60%. The firm earned $58.70 million during the quarter, compared to the consensus estimate of $51.09 million. Analysts anticipate that Willdan Group will post $0.95 EPS for the current fiscal year.

In other Willdan Group news, insider Marc Tipermas sold 15,566 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $18.86, for a total transaction of $293,574.76. Following the completion of the sale, the insider now directly owns 56,831 shares in the company, valued at $1,071,832.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 13.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN purchased a new position in shares of Willdan Group during the third quarter valued at $163,000. Northern Trust Corp purchased a new position in shares of Willdan Group during the third quarter valued at $185,000. Navellier & Associates Inc purchased a new position in shares of Willdan Group during the third quarter valued at $227,000. ClariVest Asset Management LLC purchased a new position in shares of Willdan Group during the third quarter valued at $350,000. Finally, Morgan Stanley increased its position in shares of Willdan Group by 88.7% in the third quarter. Morgan Stanley now owns 57,763 shares of the company’s stock valued at $1,013,000 after buying an additional 27,146 shares during the period. Institutional investors and hedge funds own 33.56% of the company’s stock.

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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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