Willdan Group (NASDAQ:WLDN) Reaches New 12-Month High – Still a Buy?

Willdan Group, Inc. (NASDAQ:WLDN) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $122.80 and last traded at $120.7880, with a volume of 51291 shares trading hands. The stock had previously closed at $119.79.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Compass Point set a $125.00 price objective on shares of Willdan Group in a report on Friday, January 2nd. Wedbush reiterated an “outperform” rating and set a $120.00 target price on shares of Willdan Group in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Willdan Group in a report on Monday, December 29th. Wall Street Zen lowered Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Zacks Research downgraded Willdan Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.00.

Willdan Group Trading Up 1.8%

The stock has a fifty day moving average of $102.43 and a 200 day moving average of $96.66. The company has a market capitalization of $1.80 billion, a P/E ratio of 43.93 and a beta of 0.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 1.48.

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

Institutional Investors Weigh In On Willdan Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WLDN. SBI Securities Co. Ltd. boosted its position in shares of Willdan Group by 1,915.4% in the third quarter. SBI Securities Co. Ltd. now owns 262 shares of the construction company’s stock worth $25,000 after purchasing an additional 249 shares during the period. AdvisorShares Investments LLC purchased a new position in shares of Willdan Group during the 2nd quarter valued at $30,000. Private Trust Co. NA purchased 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 in the 3rd quarter worth $48,000. Finally, Avanza Fonder AB purchased a new stake in Willdan Group in the 4th quarter worth $58,000. Institutional investors own 72.29% of the company’s stock.

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.