Willdan Group’s (WLDN) Outperform Rating Reaffirmed at Wedbush

Willdan Group (NASDAQ:WLDN)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a research report issued on Wednesday, September 23rd, Benzinga reports. They currently have a $130.00 price objective on the construction company’s stock. Wedbush’s price target suggests a potential upside of 71.75% from the company’s current price.

WLDN has been the topic of several other research reports. Wall Street Zen raised shares of Willdan Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Willdan Group in a report on Tuesday, July 21st. Finally, Zacks Research cut shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $127.50.

Willdan Group Stock Performance

NASDAQ WLDN traded down $0.03 during trading hours on Wednesday, hitting $75.69. The company’s stock had a trading volume of 11,426 shares, compared to its average volume of 320,699. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.37 and a quick ratio of 1.37. Willdan Group has a 12 month low of $64.67 and a 12 month high of $137.00. The company has a market cap of $1.15 billion, a P/E ratio of 17.77 and a beta of 1.19. The company’s 50 day simple moving average is $80.72 and its two-hundred day simple moving average is $82.03.

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

Insider Transactions at Willdan Group

In other Willdan Group news, Director Thomas Brisbin sold 58,757 shares of Willdan Group stock in a transaction that occurred 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 sale, the director directly owned 96,687 shares in the company, valued at approximately $8,521,992.18. The trade was a 37.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 67,101 shares of company stock worth $5,871,388. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Tidal Investments LLC acquired a new stake in Willdan Group in the 2nd quarter valued at about $615,000. Integrated Wealth Concepts LLC acquired a new stake in Willdan Group in the 2nd quarter valued at approximately $29,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Willdan Group during the 2nd quarter worth about $811,000. Concurrent Investment Advisors LLC boosted its stake in shares of Willdan Group by 8.6% in the second quarter. Concurrent Investment Advisors LLC now owns 7,905 shares of the construction company’s stock valued at $625,000 after purchasing an additional 625 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in shares of Willdan Group in the second quarter worth $218,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

About Willdan Group

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.