Willdan Group (NASDAQ:WLDN) Receives Outperform Rating from Wedbush

Willdan Group (NASDAQ:WLDN)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $130.00 target price on the construction company’s stock. Wedbush’s price objective points to a potential upside of 62.72% from the company’s current price.

A number of other analysts have also recently commented on the company. Zacks Research cut Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Willdan Group in a report on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Willdan Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $127.50.

Willdan Group Stock Performance

WLDN opened at $79.89 on Wednesday. Willdan Group has a 1 year low of $64.67 and a 1 year high of $137.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a fifty day moving average price of $80.18 and a 200 day moving average price of $82.19. The stock has a market cap of $1.22 billion, a P/E ratio of 18.75 and a beta of 1.19.

Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, August 6th. The construction company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.77. The business had revenue of $231.03 million for the quarter, compared to analyst estimates 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. Equities research analysts anticipate that Willdan Group will post 4.1 earnings per share for the current year.

Insider Activity

In other Willdan Group news, Director Thomas Brisbin sold 4,905 shares of Willdan Group stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $79.36, for a total transaction of $389,260.80. Following the transaction, the director directly owned 96,687 shares of the company’s stock, valued at $7,673,080.32. The trade was a 4.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 67,101 shares of company stock valued at $5,871,388 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Willdan Group

A number of hedge funds have recently modified their holdings of the business. Tidal Investments LLC acquired a new stake in shares of Willdan Group in the second quarter valued at $615,000. Integrated Wealth Concepts LLC acquired a new position in Willdan Group in the 2nd quarter valued at about $29,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Willdan Group during the second quarter worth about $811,000. Concurrent Investment Advisors LLC lifted its position in shares of Willdan Group by 8.6% during the second quarter. Concurrent Investment Advisors LLC now owns 7,905 shares of the construction company’s stock worth $625,000 after purchasing an additional 625 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Willdan Group in the second quarter valued at approximately $218,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

About Willdan Group

Willdan Group, Inc (NASDAQ: WLDN) is a professional, technical and consulting services company that helps utilities, government agencies and commercial organizations plan, develop and implement infrastructure and energy-related projects. Founded in 1964, the company serves clients primarily throughout the United States.

Willdan’s energy services include the design and administration of energy-efficiency and demand-response programs, electrification initiatives, distributed energy-resource projects, renewable-energy programs and grid-modernization efforts.