Willdan Group (NASDAQ:WLDN) Raised to “Strong-Buy” at BidaskClub

Willdan Group (NASDAQ:WLDN) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday, BidAskClub reports.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research reissued a “sell” rating on shares of Willdan Group in a research note on Saturday, October 5th. ValuEngine downgraded Willdan Group from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, TheStreet downgraded Willdan Group from a “b” rating to a “c+” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Willdan Group has a consensus rating of “Buy” and a consensus price target of $42.50.

Willdan Group stock traded down $0.27 during mid-day trading on Wednesday, hitting $34.90. The company’s stock had a trading volume of 1,268 shares, compared to its average volume of 69,116. The firm’s 50 day moving average is $31.11 and its 200 day moving average is $33.64. The company has a market cap of $388.49 million, a PE ratio of 22.84 and a beta of 1.01. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.47 and a quick ratio of 1.47. Willdan Group has a 52-week low of $26.39 and a 52-week high of $40.70.

Willdan Group (NASDAQ:WLDN) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.22). The business had revenue of $117.49 million during the quarter, compared to analysts’ expectations of $102.52 million. Willdan Group had a return on equity of 9.39% and a net margin of 0.71%. As a group, analysts forecast that Willdan Group will post 1.37 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the stock. DNB Asset Management AS lifted its stake in Willdan Group by 298.8% in the 4th quarter. DNB Asset Management AS now owns 382,413 shares of the construction company’s stock worth $12,153,000 after acquiring an additional 286,520 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Willdan Group by 6.5% in the 3rd quarter. Squarepoint Ops LLC now owns 14,200 shares of the construction company’s stock worth $498,000 after acquiring an additional 872 shares in the last quarter. California State Teachers Retirement System lifted its stake in Willdan Group by 3.2% in the 3rd quarter. California State Teachers Retirement System now owns 15,656 shares of the construction company’s stock worth $549,000 after acquiring an additional 480 shares in the last quarter. Stifel Financial Corp purchased a new stake in Willdan Group in the 3rd quarter worth about $242,000. Finally, State Street Corp lifted its stake in Willdan Group by 1.1% in the 3rd quarter. State Street Corp now owns 186,014 shares of the construction company’s stock worth $6,525,000 after acquiring an additional 2,038 shares in the last quarter. 84.36% of the stock is owned by hedge funds and other institutional investors.

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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