Willdan Group (WLDN) Cut to “Hold” at ValuEngine

ValuEngine downgraded shares of Willdan Group (NASDAQ:WLDN) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Separately, BidaskClub upgraded shares of Willdan Group from a sell rating to a hold rating in a research report on Wednesday, August 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Willdan Group presently has an average rating of Hold and an average target price of $35.00.

Shares of NASDAQ:WLDN opened at $30.11 on Friday. The firm has a market capitalization of $265.17 million, a P/E ratio of 25.52 and a beta of 1.23. Willdan Group has a 52 week low of $19.25 and a 52 week high of $35.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.65.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, August 2nd. The construction company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company 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%. As a group, equities analysts forecast that Willdan Group will post 1.47 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Sagard Capital Partners Management Corp increased its position in shares of Willdan Group by 130.3% in the second quarter. Sagard Capital Partners Management Corp now owns 179,018 shares of the construction company’s stock valued at $5,544,000 after acquiring an additional 101,280 shares during the period. Rhumbline Advisers purchased a new position in shares of Willdan Group in the second quarter valued at about $232,000. Northern Trust Corp increased its position in shares of Willdan Group by 2.7% in the first quarter. Northern Trust Corp now owns 108,176 shares of the construction company’s stock valued at $3,066,000 after acquiring an additional 2,868 shares during the period. Summit Global Investments purchased a new position in shares of Willdan Group in the second quarter valued at about $712,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Willdan Group by 40.3% in the second quarter. PNC Financial Services Group Inc. now owns 353,160 shares of the construction company’s stock valued at $10,937,000 after acquiring an additional 101,367 shares during the period. Hedge funds and other institutional investors own 68.14% of the company’s stock.

Willdan Group Company Profile

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.

Further Reading: Relative Strength Index

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