Willdan Group (WLDN) Downgraded by Zacks Investment Research to “Sell”

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Zacks Investment Research lowered shares of Willdan Group (NASDAQ:WLDN) from a hold rating to a sell rating in a research note released on Thursday.

According to Zacks, “Willdan Group is a provider of professional technical and consulting services to utilities, private industry, and public agencies at all levels of government. Nationwide, they enable their clients to realize cost and energy savings by providing a wide range of specialized services. They assist their clients with a broad range of complementary services relating to: Energy Efficiency and Sustainability; Engineering and Planning; Economic and Financial Consulting; and National Preparedness and Interoperability. They operate their business through a network of offices located primarily in California and New York. They also have operations in Arizona, Colorado, Florida, Illinois, Kansas, Oregon, Texas, Washington and Washington, DC. “

Separately, BidaskClub raised Willdan Group from a hold rating to a buy rating in a research report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Willdan Group presently has a consensus rating of Buy and an average target price of $41.33.

WLDN stock traded down $0.12 during mid-day trading on Thursday, reaching $36.56. The company had a trading volume of 1,566 shares, compared to its average volume of 46,145. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.49 and a quick ratio of 1.68. The firm has a market capitalization of $406.16 million, a P/E ratio of 23.91 and a beta of 1.14. Willdan Group has a fifty-two week low of $25.11 and a fifty-two week high of $39.19.

Willdan Group (NASDAQ:WLDN) last posted its quarterly earnings results on Thursday, March 7th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $86.44 million during the quarter, compared to analyst estimates of $73.80 million. Willdan Group had a net margin of 3.68% and a return on equity of 15.64%. On average, analysts expect that Willdan Group will post 1.59 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Willdan Group by 41.0% during the 4th quarter. Geode Capital Management LLC now owns 111,762 shares of the construction company’s stock worth $3,909,000 after acquiring an additional 32,499 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Willdan Group by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 467,741 shares of the construction company’s stock worth $16,361,000 after acquiring an additional 4,094 shares in the last quarter. Vestor Capital LLC acquired a new stake in shares of Willdan Group during the 4th quarter worth about $128,000. Legal & General Group Plc raised its position in shares of Willdan Group by 31.5% during the 4th quarter. Legal & General Group Plc now owns 1,507 shares of the construction company’s stock worth $53,000 after acquiring an additional 361 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Willdan Group by 13.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 287,959 shares of the construction company’s stock worth $10,073,000 after acquiring an additional 34,940 shares in the last quarter. 73.65% of the stock is currently owned by institutional investors and hedge funds.

About Willdan Group

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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