Willdan Group (NASDAQ:WLDN) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Willdan Group (NASDAQ:WLDN) from a strong-buy rating to a buy rating in a report published on Sunday.

A number of other analysts also recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Willdan Group in a research report on Monday, December 29th. Wedbush reiterated an “outperform” rating and set a $120.00 price objective on shares of Willdan Group in a research note on Monday, October 6th. Zacks Research lowered shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Compass Point set a $125.00 target price on shares of Willdan Group in a research note on Friday, January 2nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Willdan Group Trading Up 6.3%

WLDN stock opened at $119.79 on Friday. Willdan Group has a 52 week low of $30.43 and a 52 week high of $121.00. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 43.09 and a beta of 0.96. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $102.43 and a 200-day simple moving average of $96.66.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, November 6th. The construction company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.40. The firm had revenue of $94.97 million during the quarter, compared to the consensus estimate of $164.00 million. Willdan Group had a return on equity of 20.23% and a net margin of 6.37%. On average, equities research analysts expect that Willdan Group will post 1.82 EPS for the current year.

Institutional Trading of Willdan Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in Willdan Group by 601.5% during the 4th quarter. SG Americas Securities LLC now owns 60,357 shares of the construction company’s stock worth $6,257,000 after buying an additional 51,753 shares during the last quarter. Diversified Trust Co. increased its holdings in shares of Willdan Group by 4.7% in the 4th quarter. Diversified Trust Co. now owns 4,308 shares of the construction company’s stock valued at $447,000 after acquiring an additional 192 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Willdan Group during the 4th quarter valued at approximately $271,000. GK Wealth Management LLC acquired a new position in Willdan Group in the fourth quarter worth $211,000. Finally, Tudor Investment Corp ET AL boosted its holdings in Willdan Group by 2.3% in the third quarter. Tudor Investment Corp ET AL now owns 89,026 shares of the construction company’s stock worth $8,608,000 after purchasing an additional 2,014 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.

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.