Willdan Group (NASDAQ:WLDN) Upgraded to Buy at BidaskClub

BidaskClub upgraded shares of Willdan Group (NASDAQ:WLDN) from a hold rating to a buy rating in a report published on Monday, BidAskClub reports.

Other equities analysts have also recently issued reports about the company. Wedbush reaffirmed an outperform rating and issued a $45.00 price objective on shares of Willdan Group in a research report on Thursday, June 6th. ValuEngine cut Willdan Group from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut Willdan Group from a buy rating to a hold rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $41.67.

WLDN stock opened at $39.13 on Monday. The stock has a market capitalization of $444.85 million, a PE ratio of 25.41 and a beta of 1.06. Willdan Group has a 12-month low of $28.98 and a 12-month high of $40.70. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.67. The stock’s 50 day simple moving average is $35.56 and its 200 day simple moving average is $35.88.



Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). The business had revenue of $104.40 million during the quarter, compared to the consensus estimate of $87.13 million. Willdan Group had a net margin of 1.62% and a return on equity of 10.83%. On average, research analysts predict that Willdan Group will post 1.64 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Willdan Group in the 2nd quarter valued at approximately $27,000. New York State Teachers Retirement System bought a new position in shares of Willdan Group during the 1st quarter valued at $33,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Willdan Group by 67,433.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,026 shares of the construction company’s stock valued at $75,000 after buying an additional 2,023 shares during the period. Citadel Advisors LLC bought a new position in shares of Willdan Group during the 2nd quarter valued at $250,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Willdan Group during the 2nd quarter valued at $263,000. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Willdan Group Company Profile

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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