Willdan Group Inc. (NASDAQ:WLDN) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $19.00 for the company and are predicting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also assigned Willdan Group an industry rank of 103 out of 265 based on the ratings given to its competitors.
A number of research firms have recently issued reports on WLDN. Wedbush reissued an “outperform” rating and issued a $15.00 target price (down previously from $17.00) on shares of Willdan Group in a report on Friday, August 5th. Zacks Investment Research raised Willdan Group from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday, June 2nd.
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Willdan Group by 0.8% in the second quarter. Vanguard Group Inc. now owns 235,156 shares of the company’s stock worth $2,498,000 after buying an additional 1,834 shares during the period. Dimensional Fund Advisors LP increased its stake in Willdan Group by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 217,341 shares of the company’s stock worth $2,308,000 after buying an additional 2,784 shares during the period. Tocqueville Asset Management L.P. increased its stake in Willdan Group by 82.3% in the second quarter. Tocqueville Asset Management L.P. now owns 206,394 shares of the company’s stock worth $2,192,000 after buying an additional 93,194 shares during the period. Renaissance Technologies LLC increased its stake in Willdan Group by 2.1% in the first quarter. Renaissance Technologies LLC now owns 277,200 shares of the company’s stock worth $2,675,000 after buying an additional 5,600 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Willdan Group by 0.5% in the first quarter. Acadian Asset Management LLC now owns 42,365 shares of the company’s stock worth $408,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 31.95% of the company’s stock.
Shares of Willdan Group (NASDAQ:WLDN) traded down 3.23% during mid-day trading on Monday, hitting $18.27. The company’s stock had a trading volume of 56,163 shares. The stock has a 50-day moving average of $16.23 and a 200-day moving average of $11.79. The company has a market cap of $151.60 million, a PE ratio of 27.85 and a beta of 1.19. Willdan Group has a 12-month low of $6.95 and a 12-month high of $19.15.
Willdan Group (NASDAQ:WLDN) last released its earnings results on Thursday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. The business had revenue of $58.90 million for the quarter, compared to analyst estimates of $49.55 million. Willdan Group had a return on equity of 13.55% and a net margin of 3.44%. On average, equities research analysts forecast that Willdan Group will post $0.87 EPS for the current year.
Willdan Group Company Profile
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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