ValuEngine Lowers Willdan Group (WLDN) to Hold

Willdan Group (NASDAQ:WLDN) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Willdan Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research cut shares of Willdan Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $41.33.

Shares of WLDN opened at $35.25 on Wednesday. The firm has a market cap of $391.54 million, a price-to-earnings ratio of 22.89 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 1.49. Willdan Group has a twelve month low of $25.11 and a twelve month high of $39.19.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings results on Thursday, March 7th. The construction company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). The firm had revenue of $86.44 million for the quarter, compared to analysts’ expectations of $73.80 million. Willdan Group had a net margin of 3.68% and a return on equity of 15.64%. As a group, equities research analysts forecast that Willdan Group will post 1.59 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in WLDN. Lord Abbett & CO. LLC purchased a new stake in Willdan Group during the 4th quarter valued at $11,733,000. BlackRock Inc. lifted its position in shares of Willdan Group by 26.7% in 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 during the period. Taylor Wealth Management Partners lifted its position in shares of Willdan Group by 295.2% in 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 during the period. William Blair Investment Management LLC lifted its position in shares of Willdan Group by 17.4% in 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 during the period. Finally, Eagle Asset Management Inc. lifted its position in shares of Willdan Group by 11.0% in 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 during the period. 73.11% of the stock is owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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