Willdan Group (NASDAQ:WLDN) Trading 3.5% Higher – What’s Next?

Willdan Group, Inc. (NASDAQ:WLDNGet Free Report) shares rose 3.5% on Wednesday . The stock traded as high as $84.45 and last traded at $82.70. 138,706 shares traded hands during trading, a decline of 57% from the average daily volume of 323,545 shares. The stock had previously closed at $79.89.

Wall Street Analyst Weigh In

Several analysts have commented on WLDN shares. Wall Street Zen raised shares of Willdan Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Wedbush restated an “outperform” rating and set a $130.00 price target on shares of Willdan Group in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Willdan Group in a research note on Tuesday, July 21st. Finally, Zacks Research downgraded shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Willdan Group currently has an average rating of “Hold” and an average price target of $127.50.

Check Out Our Latest Stock Report on WLDN

Willdan Group Stock Performance

The stock’s 50-day moving average price is $80.18 and its 200 day moving average price is $82.19. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.23 billion, a P/E ratio of 18.90 and a beta of 1.19.

Willdan Group (NASDAQ:WLDNGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping 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. As a group, research analysts expect that Willdan Group, Inc. will post 4.1 EPS for the current fiscal year.

Insider Activity

In other news, Director Thomas Brisbin sold 4,905 shares of Willdan Group stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $79.36, for a total value of $389,260.80. Following the transaction, the director directly owned 96,687 shares in the company, valued at approximately $7,673,080.32. The trade was a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 67,101 shares of company stock valued at $5,871,388 over the last 90 days. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Willdan Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Willdan Group in the second quarter valued at approximately $113,795,000. Neumeier Poma Investment Counsel LLC acquired a new position in Willdan Group during the 2nd quarter valued at $41,939,611. Wasatch Advisors LP raised its stake in Willdan Group by 45.9% during the 1st quarter. Wasatch Advisors LP now owns 381,581 shares of the construction company’s stock valued at $29,214,000 after purchasing an additional 120,110 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Willdan Group by 7.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 308,947 shares of the construction company’s stock valued at $23,652,000 after purchasing an additional 21,669 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Willdan Group by 20.7% in the 1st quarter. First Trust Advisors LP now owns 286,858 shares of the construction company’s stock valued at $21,962,000 after purchasing an additional 49,161 shares during the period. Institutional investors and hedge funds own 72.29% of the company’s stock.

About Willdan Group

(Get Free Report)

Willdan Group, Inc (NASDAQ: WLDN) is a professional, technical and consulting services company that helps utilities, government agencies and commercial organizations plan, develop and implement infrastructure and energy-related projects. Founded in 1964, the company serves clients primarily throughout the United States.

Willdan’s energy services include the design and administration of energy-efficiency and demand-response programs, electrification initiatives, distributed energy-resource projects, renewable-energy programs and grid-modernization efforts.

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