Willdan Group (NASDAQ:WLDN) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Willdan Group (NASDAQ:WLDN) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday.

Several other analysts have also recently issued reports on the company. Wedbush restated 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 downgraded Willdan Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Compass Point set a $125.00 price target on Willdan Group in a research report on Friday, January 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Willdan Group in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.00.

Willdan Group Stock Up 4.5%

WLDN stock opened at $127.07 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $103.72 and a 200-day simple moving average of $97.54. The company has a market capitalization of $1.87 billion, a P/E ratio of 45.71 and a beta of 0.96. Willdan Group has a twelve month low of $30.43 and a twelve month high of $127.82.

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 the consensus estimate of $0.81 by $0.40. The firm had revenue of $94.97 million for the quarter, compared to analysts’ expectations of $164.00 million. Willdan Group had a net margin of 6.37% and a return on equity of 20.23%. On average, equities research analysts predict that Willdan Group will post 1.82 earnings per share for the current fiscal year.

Institutional Trading of Willdan Group

Institutional investors have recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Willdan Group during the second quarter valued at $1,500,000. Asset Management One Co. Ltd. purchased a new position in Willdan Group in the 3rd quarter worth about $3,882,000. Welch Group LLC acquired a new stake in Willdan Group during the 2nd quarter worth about $250,000. WealthTrust Axiom LLC purchased a new stake in Willdan Group during the second quarter valued at about $293,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Willdan Group in the third quarter worth about $3,256,000. 72.29% of the stock is owned by institutional investors and hedge funds.

About Willdan Group

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.