Willdan Group (NASDAQ:WLDN) Raised to Strong-Buy at Zacks Research

Willdan Group (NASDAQ:WLDN – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.

A number of other research analysts have also recently commented on WLDN. Wall Street Zen upgraded Willdan Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Willdan Group in a research report on Tuesday, July 21st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Willdan Group in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $127.50.

View Our Latest Report on WLDN

Willdan Group Price Performance

WLDN stock opened at $74.71 on Wednesday. The company has a 50 day simple moving average of $81.05 and a 200 day simple moving average of $81.85. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 17.54 and a beta of 1.20. Willdan Group has a 1 year low of $64.67 and a 1 year high of $137.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.37 and a quick ratio of 1.37.

Willdan Group (NASDAQ:WLDN – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.30 by $0.77. Willdan Group had a net margin of 8.80% and a return on equity of 24.51%. The business had revenue of $231.03 million during the quarter, compared to the consensus estimate of $102.27 million. Willdan Group has set its FY 2026 guidance at 5.000-5.150 EPS. Research analysts anticipate that Willdan Group will post 4.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Thomas Brisbin sold 58,757 shares of Willdan Group stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $88.14, for a total value of $5,178,841.98. Following the completion of the transaction, the director directly owned 96,687 shares of the company’s stock, valued at approximately $8,521,992.18. This trade represents a 37.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 67,101 shares of company stock worth $5,871,388 over the last ninety days. 5.60% of the stock is owned by company insiders.

Institutional Trading of Willdan Group

Several hedge funds have recently modified their holdings of WLDN. Tidal Investments LLC bought a new stake in Willdan Group in the second quarter valued at $615,000. Integrated Wealth Concepts LLC acquired a new position in Willdan Group during the 2nd quarter worth approximately $29,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Willdan Group in the 2nd quarter worth $811,000. Concurrent Investment Advisors LLC lifted its stake in shares of Willdan Group by 8.6% in the second quarter. Concurrent Investment Advisors LLC now owns 7,905 shares of the construction company’s stock valued at $625,000 after buying an additional 625 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in Willdan Group in the 2nd quarter valued at about $218,000. Institutional investors own 72.29% of the company’s stock.

About Willdan Group

(Get Free Report)

Willdan Group, Inc is a professional services company that provides technical, engineering, and consulting solutions to utilities, government agencies, and commercial and industrial clients. Its work focuses on energy efficiency, clean energy, infrastructure, and the modernization of public and private facilities.

Through its energy-related services, Willdan designs and manages programs involving energy efficiency, demand response, electrification, distributed energy resources, renewable energy, and grid planning.

Further Reading

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