Willdan Group, Inc. (WLDN) Given Average Recommendation of “Buy” by Analysts

Shares of Willdan Group, Inc. (NASDAQ:WLDN) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $41.33.

A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Willdan Group from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub raised shares of Willdan Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 20th.

NASDAQ WLDN opened at $36.10 on Friday. Willdan Group has a 12 month low of $25.11 and a 12 month high of $39.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 1.68. The stock has a market cap of $397.68 million, a PE ratio of 23.44 and a beta of 1.14.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings data on Thursday, March 7th. The construction company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). Willdan Group had a net margin of 3.68% and a return on equity of 15.64%. The company had revenue of $86.44 million for the quarter, compared to analyst estimates of $73.80 million. On average, analysts expect that Willdan Group will post 1.59 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of WLDN. Lord Abbett & CO. LLC acquired a new stake in Willdan Group during the 4th quarter worth approximately $11,733,000. BlackRock Inc. increased its position in Willdan Group by 26.7% during the 4th quarter. BlackRock Inc. now owns 687,836 shares of the construction company’s stock worth $24,060,000 after purchasing an additional 145,102 shares in the last quarter. Taylor Wealth Management Partners increased its position in Willdan Group by 295.2% during the 4th quarter. Taylor Wealth Management Partners now owns 162,939 shares of the construction company’s stock worth $5,700,000 after purchasing an additional 121,709 shares in the last quarter. William Blair Investment Management LLC increased its position in Willdan Group by 17.4% during the 3rd quarter. William Blair Investment Management LLC now owns 342,964 shares of the construction company’s stock worth $11,647,000 after purchasing an additional 50,755 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in Willdan Group by 11.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 414,094 shares of the construction company’s stock worth $14,062,000 after purchasing an additional 40,877 shares in the last quarter. 73.65% of the stock is owned by hedge funds and other institutional investors.

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.

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