Wall Street Zen Upgrades Willdan Group (NASDAQ:WLDN) to “Strong-Buy”

Willdan Group (NASDAQ:WLDN) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

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

Willdan Group Stock Performance

NASDAQ WLDN opened at $106.66 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.17. Willdan Group has a twelve month low of $30.43 and a twelve month high of $121.00. The business has a 50-day moving average price of $100.38 and a 200-day moving average price of $94.72. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 38.37 and a beta of 0.96.

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

Hedge Funds Weigh In On Willdan Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC purchased a new stake in Willdan Group in the 2nd quarter worth about $1,500,000. Welch Group LLC purchased a new position in shares of Willdan Group during the second quarter valued at approximately $250,000. WealthTrust Axiom LLC bought a new position in shares of Willdan Group during the second quarter valued at approximately $293,000. Geode Capital Management LLC grew its stake in shares of Willdan Group by 10.3% during the second quarter. Geode Capital Management LLC now owns 336,752 shares of the construction company’s stock valued at $21,054,000 after buying an additional 31,561 shares during the last quarter. Finally, Diversified Trust Co purchased a new stake in shares of Willdan Group in the second quarter worth approximately $237,000. 72.29% of the stock is owned by hedge funds and other institutional investors.

About Willdan Group

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.