Zacks Research upgraded shares of Willdan Group (NASDAQ:WLDN – Free Report) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks reports.
A number of other research analysts have also issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Willdan Group in a research note on Tuesday, July 21st. Wedbush reissued an “outperform” rating and set a $130.00 price target on shares of Willdan Group in a report on Wednesday, September 23rd. Finally, Wall Street Zen raised Willdan Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One investment 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 company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $127.50.
Read Our Latest Stock Report on WLDN
Willdan Group Trading Up 1.8%
Willdan Group (NASDAQ:WLDN – Get Free Report) last announced its earnings results on Thursday, August 6th. The construction company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.77. The company had revenue of $231.03 million during the quarter, compared to the consensus estimate of $102.27 million. Willdan Group had a net margin of 8.80% and a return on equity of 24.51%. Willdan Group has set its FY 2026 guidance at 5.000-5.150 EPS. As a group, sell-side analysts forecast that Willdan Group will post 4.1 EPS for the current fiscal year.
Insider Transactions at Willdan Group
In other Willdan Group news, Director Thomas Brisbin sold 4,905 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $79.36, for a total transaction of $389,260.80. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 67,101 shares of company stock valued at $5,871,388. Insiders own 5.60% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Willdan Group in the second quarter valued at about $113,795,000. Neumeier Poma Investment Counsel LLC purchased a new position in Willdan Group in the 2nd quarter worth approximately $41,939,611. Wasatch Advisors LP increased its holdings in shares of Willdan Group by 45.9% in the first 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 stake in Willdan Group by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 308,947 shares of the construction company’s stock worth $23,652,000 after buying an additional 21,669 shares during the last quarter. Finally, First Trust Advisors LP grew 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 buying an additional 49,161 shares in the last quarter. 72.29% of the stock is owned by institutional investors and hedge funds.
About Willdan Group
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.
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