Willdan Group (NASDAQ:WLDN) Issues Quarterly Earnings Results

Willdan Group (NASDAQ:WLDN) issued its earnings results on Thursday. The construction company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.40, FiscalAI reports. Willdan Group had a net margin of 5.60% and a return on equity of 18.60%. The company had revenue of $94.97 million during the quarter, compared to analysts’ expectations of $164.00 million. Willdan Group updated its FY 2025 guidance to EPS.

Willdan Group Stock Performance

Willdan Group stock opened at $90.94 on Friday. Willdan Group has a fifty-two week low of $30.43 and a fifty-two week high of $121.00. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 38.05 and a beta of 1.26. The stock has a fifty day moving average of $96.99 and a two-hundred day moving average of $79.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.43 and a current ratio of 1.43.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WLDN shares. Roth Capital restated a “buy” rating and issued a $103.00 price target (up previously from $62.00) on shares of Willdan Group in a report on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Willdan Group in a research report on Thursday, October 30th. Zacks Research lowered Willdan Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Wedbush reaffirmed an “outperform” rating and set a $120.00 price target on shares of Willdan Group in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Willdan Group has a consensus rating of “Moderate Buy” and an average target price of $111.50.

Insider Buying and Selling at Willdan Group

In other news, VP Micah Chen sold 10,000 shares of Willdan Group stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $106.00, for a total transaction of $1,060,000.00. Following the completion of the sale, the vice president directly owned 40,423 shares in the company, valued at $4,284,838. The trade was a 19.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cynthia Downes sold 2,763 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $109.43, for a total transaction of $302,355.09. Following the completion of the transaction, the director directly owned 8,909 shares of the company’s stock, valued at approximately $974,911.87. This represents a 23.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 416,439 shares of company stock valued at $44,925,389. 8.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Willdan Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Willdan Group during the second quarter worth about $80,000. Tower Research Capital LLC TRC increased its stake in shares of Willdan Group by 238.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the construction company’s stock valued at $110,000 after acquiring an additional 1,242 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Willdan Group during the 2nd quarter valued at about $314,000. Engineers Gate Manager LP boosted its position in shares of Willdan Group by 3.3% in the second quarter. Engineers Gate Manager LP now owns 6,925 shares of the construction company’s stock worth $433,000 after acquiring an additional 222 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in Willdan Group in the second quarter valued at approximately $452,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

About Willdan Group

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.