Willdan Group (NASDAQ:WLDN) Raised to Strong-Buy at Zacks Research

Willdan Group (NASDAQ:WLDN) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks reports.

WLDN has been the topic of several other reports. Wedbush reissued an “outperform” rating and set a $130.00 target price on shares of Willdan Group in a research note on Wednesday, September 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Willdan Group in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Willdan Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Willdan Group currently has an average rating of “Buy” and a consensus price target of $127.50.

Willdan Group Stock Up 1.8%

Shares of Willdan Group stock opened at $74.71 on Wednesday. The stock’s 50-day moving average is $81.05 and its 200 day moving average is $81.85. Willdan Group has a one year low of $64.67 and a one year high of $137.00. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 17.54 and a beta of 1.20. 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 (NASDAQ:WLDN) last issued its earnings results on Thursday, August 6th. The construction company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.77. Willdan Group had a return on equity of 24.51% and a net margin of 8.80%.The business had revenue of $231.03 million during the quarter, compared to the consensus estimate of $102.27 million. Willdan Group has set its FY 2026 guidance at 5.000-5.150 EPS. Equities research analysts anticipate that Willdan Group will post 4.1 EPS for the current year.

Insider Activity

In related news, Director Thomas Brisbin sold 58,757 shares of Willdan Group stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $88.14, for a total value of $5,178,841.98. Following the completion of the sale, the director owned 96,687 shares of the company’s stock, valued at approximately $8,521,992.18. This trade represents a 37.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 67,101 shares of company stock valued at $5,871,388. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

Willdan Group Company Profile

Willdan Group, Inc is a professional services company that provides technical, engineering, and consulting solutions to utilities, government agencies, and commercial and industrial clients. Its work focuses on energy efficiency, clean energy, infrastructure, and the modernization of public and private facilities.

Through its energy-related services, Willdan designs and manages programs involving energy efficiency, demand response, electrification, distributed energy resources, renewable energy, and grid planning.