BidaskClub upgraded shares of Willdan Group (NASDAQ:WLDN) from a sell rating to a hold rating in a research report released on Thursday morning.
Other research analysts also recently issued reports about the stock. Roth Capital started coverage on shares of Willdan Group in a research report on Friday, June 15th. They set a buy rating and a $39.00 target price for the company. ValuEngine upgraded shares of Willdan Group from a hold rating to a buy rating in a research report on Wednesday, July 4th. Finally, Zacks Investment Research downgraded shares of Willdan Group from a strong-buy rating to a hold rating in a research report on Thursday, May 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Willdan Group presently has an average rating of Buy and an average price target of $35.50.
Shares of WLDN traded up $0.17 during trading hours on Thursday, reaching $32.87. 215 shares of the company traded hands, compared to its average volume of 28,215. The firm has a market capitalization of $288.61 million, a PE ratio of 27.64 and a beta of 1.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.65. Willdan Group has a 12-month low of $19.25 and a 12-month high of $33.75.
Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $59.83 million for the quarter. Willdan Group had a net margin of 4.72% and a return on equity of 14.25%. research analysts anticipate that Willdan Group will post 1.55 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can lifted its position in Willdan Group by 66.4% during the second quarter. Bank of Montreal Can now owns 6,119 shares of the construction company’s stock valued at $191,000 after purchasing an additional 2,441 shares during the period. Rhumbline Advisers acquired a new position in Willdan Group during the second quarter valued at $232,000. Victory Capital Management Inc. acquired a new position in Willdan Group during the first quarter valued at $256,000. Millennium Management LLC acquired a new position in Willdan Group during the fourth quarter valued at $235,000. Finally, Trexquant Investment LP acquired a new position in Willdan Group during the first quarter valued at $286,000. Institutional investors own 67.66% of the company’s stock.
About Willdan Group
Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services to utilities, private industry, and public agencies at various levels of government primarily in the Unites States. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services, and Homeland Security Services.
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