Willdan Group (NASDAQ:WLDN) Stock Rating Reaffirmed as Outperform by Wedbush

Willdan Group (NASDAQ:WLDN)‘s stock had its “outperform” rating reiterated by analysts at Wedbush in a research report issued on Wednesday, Benzinga reports. They presently have a $130.00 price objective on the construction company’s stock. Wedbush’s price objective points to a potential upside of 68.37% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Willdan Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Willdan Group in a research report on Tuesday, July 21st. Finally, Zacks Research downgraded shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $127.50.

Willdan Group Stock Performance

Shares of NASDAQ:WLDN traded down $1.69 during trading hours on Wednesday, hitting $77.21. The stock had a trading volume of 181,657 shares, compared to its average volume of 178,599. The stock’s fifty day simple moving average is $80.66 and its 200 day simple moving average is $82.09. Willdan Group has a 1-year low of $64.67 and a 1-year high of $137.00. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.84 and a beta of 1.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.37 and a current ratio of 1.37.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings results on Thursday, August 6th. The construction company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.30 by $0.77. Willdan Group had a net margin of 8.80% and a return on equity of 24.51%. The company had revenue of $231.03 million for the quarter, compared to analyst estimates of $102.27 million. Willdan Group has set its FY 2026 guidance at 5.000-5.150 EPS. Sell-side analysts anticipate that Willdan Group will post 4.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Willdan Group news, Director Thomas Brisbin sold 58,757 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $88.14, for a total transaction of $5,178,841.98. Following the completion of the transaction, the director owned 96,687 shares of the company’s stock, valued at $8,521,992.18. The trade was a 37.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 67,101 shares of company stock worth $5,871,388. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WLDN. BlackRock Inc. bought a new position in shares of Willdan Group during the 2nd quarter worth about $113,795,000. Neumeier Poma Investment Counsel LLC acquired a new position in Willdan Group in the second quarter valued at about $41,939,611. Ranger Investment Management L.P. bought a new position in shares of Willdan Group in the second quarter worth about $21,768,000. Wellington Management Group LLP bought a new position in shares of Willdan Group in the second quarter worth about $16,682,000. Finally, Wasatch Advisors LP raised its stake in shares of Willdan Group by 45.9% during the first quarter. Wasatch Advisors LP now owns 381,581 shares of the construction company’s stock worth $29,214,000 after buying an additional 120,110 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Willdan Group Company Profile

Willdan Group, Inc (NASDAQ: WLDN) is a professional, technical and consulting services company that helps utilities, government agencies and commercial organizations plan, develop and implement infrastructure and energy-related projects. Founded in 1964, the company serves clients primarily throughout the United States.

Willdan’s energy services include the design and administration of energy-efficiency and demand-response programs, electrification initiatives, distributed energy-resource projects, renewable-energy programs and grid-modernization efforts.