Willdan Group (WLDN) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Willdan Group (NASDAQ:WLDN) from a sell rating to a hold rating in a research note issued to investors on Saturday morning, Zacks.com reports.

According to Zacks, “Willdan Group is a provider of professional technical and consulting services to utilities, private industry, and public agencies at all levels of government. Nationwide, they enable their clients to realize cost and energy savings by providing a wide range of specialized services. They assist their clients with a broad range of complementary services relating to: Energy Efficiency and Sustainability; Engineering and Planning; Economic and Financial Consulting; and National Preparedness and Interoperability. They operate their business through a network of offices located primarily in California and New York. They also have operations in Arizona, Colorado, Florida, Illinois, Kansas, Oregon, Texas, Washington and Washington, DC. “

WLDN has been the topic of several other reports. BidaskClub lowered shares of Willdan Group from a buy rating to a hold rating in a research report on Saturday, January 12th. ValuEngine upgraded shares of Willdan Group from a hold rating to a buy rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Willdan Group presently has an average rating of Buy and a consensus price target of $41.33.



Shares of NASDAQ WLDN opened at $36.52 on Friday. The firm has a market cap of $417.49 million, a price-to-earnings ratio of 23.71 and a beta of 1.11. Willdan Group has a one year low of $26.09 and a one year high of $40.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.49 and a current ratio of 1.37.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, March 7th. The construction company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $86.44 million for the quarter, compared to analysts’ expectations of $73.80 million. Willdan Group had a return on equity of 12.34% and a net margin of 2.39%. Analysts forecast that Willdan Group will post 1.67 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Rice Hall James & Associates LLC boosted its position in shares of Willdan Group by 111.0% in the 1st quarter. Rice Hall James & Associates LLC now owns 507,745 shares of the construction company’s stock worth $18,822,000 after buying an additional 267,081 shares in the last quarter. Northern Trust Corp boosted its position in shares of Willdan Group by 16.2% in the 4th quarter. Northern Trust Corp now owns 133,488 shares of the construction company’s stock worth $4,670,000 after buying an additional 18,562 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Willdan Group by 5.8% in the 3rd quarter. Vanguard Group Inc now owns 402,378 shares of the construction company’s stock worth $13,665,000 after buying an additional 22,218 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Willdan Group by 41.0% in the 4th quarter. Geode Capital Management LLC now owns 111,762 shares of the construction company’s stock worth $3,909,000 after buying an additional 32,499 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of Willdan Group in the 4th quarter worth about $112,000. Institutional investors and hedge funds own 73.21% of the company’s stock.

About Willdan Group

Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive survey, program design, master planning, benchmarking analysis, design engineering, construction management, performance contracting, installation, alternative financing, and measurement and verification services.

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