Willdan Group (NASDAQ:WLDN) Trading 7.9% Higher – Here’s Why

Shares of Willdan Group, Inc. (NASDAQ:WLDN) rose 7.9% during trading on Tuesday . The stock traded as high as $76.98 and last traded at $76.94. Approximately 76,955 shares changed hands during trading, a decline of 78% from the average session volume of 355,934 shares. The stock had previously closed at $71.31.

Analyst Ratings Changes

WLDN has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Willdan Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Zacks Research upgraded Willdan Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Wedbush initiated coverage on Willdan Group in a research note on Thursday, April 9th. They issued an “outperform” rating and a $110.00 price target for the company. Finally, Wall Street Zen lowered Willdan Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Willdan Group has a consensus rating of “Buy” and an average target price of $112.67.

Willdan Group Stock Up 0.2%

The business has a 50-day moving average price of $87.20 and a 200-day moving average price of $94.81. The stock has a market cap of $1.10 billion, a PE ratio of 19.62 and a beta of 1.13. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.15.

Willdan Group (NASDAQ:WLDN) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.81 by $0.10. The company had revenue of $92.43 million during the quarter, compared to analyst estimates of $92.17 million. Willdan Group had a net margin of 8.24% and a return on equity of 23.36%. Willdan Group has set its FY 2026 guidance at 4.900-5.050 EPS. As a group, analysts forecast that Willdan Group, Inc. will post 4.12 earnings per share for the current year.

Insider Activity at Willdan Group

In other news, CEO Michael A. Bieber sold 56,676 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $91.58, for a total transaction of $5,190,388.08. Following the completion of the sale, the chief executive officer owned 249,525 shares of the company’s stock, valued at $22,851,499.50. The trade was a 18.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Willdan Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Spire Wealth Management purchased a new stake in shares of Willdan Group during the fourth quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Willdan Group in the 4th quarter valued at $28,000. Transamerica Financial Advisors LLC boosted its stake in Willdan Group by 203.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 364 shares of the construction company’s stock worth $38,000 after purchasing an additional 244 shares during the last quarter. Leonteq Securities AG acquired a new stake in Willdan Group during the 1st quarter worth $29,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Willdan Group during the fourth quarter worth $47,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

Willdan Group Company Profile

Willdan Group, Inc provides energy efficiency, infrastructure engineering, and technical consulting services to a diverse range of public and private sector clients. The company works with utilities, municipalities, state and federal agencies, and commercial enterprises to design, implement, and manage programs that promote sustainable energy use, grid modernization, and resilient infrastructure. Willdan’s offerings span program design and implementation, energy audits, measurement and verification, and project management for both new construction and retrofit initiatives.

Core services include energy advisory and engineering solutions, including feasibility studies, facility commissioning and retro-commissioning, $0 down financing for energy projects, and demand response program development.