Willdan Group (NASDAQ:WLDN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Willdan Group (NASDAQ:WLDN) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

A number of other analysts also recently weighed in on WLDN. Wedbush restated an “outperform” rating and issued a $120.00 price objective on shares of Willdan Group in a report on Monday, October 6th. Compass Point set a $125.00 price target on Willdan Group in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Willdan Group in a research report on Monday, December 29th. Finally, Zacks Research upgraded Willdan Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, Willdan Group has an average rating of “Buy” and a consensus price target of $116.00.

Willdan Group Stock Performance

NASDAQ:WLDN opened at $109.74 on Friday. The stock’s 50-day moving average is $100.65 and its 200-day moving average is $95.07. The stock has a market cap of $1.62 billion, a P/E ratio of 39.47 and a beta of 0.96. Willdan Group has a 1-year low of $30.43 and a 1-year high of $121.00. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.17.

Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, November 6th. The construction company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.40. The firm had revenue of $94.97 million for the quarter, compared to analyst estimates of $164.00 million. Willdan Group had a net margin of 6.37% and a return on equity of 20.23%. Equities research analysts anticipate that Willdan Group will post 1.82 earnings per share for the current year.

Institutional Investors Weigh In On Willdan Group

Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. boosted its holdings in shares of Willdan Group by 1,915.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 262 shares of the construction company’s stock worth $25,000 after buying an additional 249 shares in the last quarter. AdvisorShares Investments LLC acquired a new position in shares of Willdan Group during the 2nd quarter valued at $30,000. Private Trust Co. NA acquired a new position in shares of Willdan Group during the 3rd quarter valued at $48,000. NewEdge Advisors LLC bought a new position in Willdan Group during the third quarter worth $48,000. Finally, USA Financial Formulas acquired a new stake in Willdan Group in the second quarter worth $65,000. 72.29% of the stock is currently owned by institutional investors.

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.