Willdan Group Inc. (NASDAQ:WLDN) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus target price of $19.00 for the company and are predicting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also assigned Willdan Group an industry rank of 104 out of 265 based on the ratings given to related companies.
Separately, Wedbush reaffirmed an “outperform” rating and issued a $15.00 target price (down previously from $17.00) on shares of Willdan Group in a report on Friday, August 5th.
Several large investors have recently added to or reduced their stakes in WLDN. Acadian Asset Management LLC raised its stake in Willdan Group by 0.5% in the first quarter. Acadian Asset Management LLC now owns 42,365 shares of the company’s stock worth $408,000 after buying an additional 200 shares during the period. Tocqueville Asset Management L.P. raised its stake in Willdan Group by 82.3% in the second quarter. Tocqueville Asset Management L.P. now owns 206,394 shares of the company’s stock worth $2,192,000 after buying an additional 93,194 shares during the period. Dimensional Fund Advisors LP raised its stake in Willdan Group by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 217,341 shares of the company’s stock worth $2,308,000 after buying an additional 2,784 shares during the period. Vanguard Group Inc. raised its stake in Willdan Group by 0.8% in the second quarter. Vanguard Group Inc. now owns 235,156 shares of the company’s stock worth $2,498,000 after buying an additional 1,834 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Willdan Group by 2.1% in the first quarter. Renaissance Technologies LLC now owns 277,200 shares of the company’s stock worth $2,675,000 after buying an additional 5,600 shares during the period. Hedge funds and other institutional investors own 31.95% of the company’s stock.
Shares of Willdan Group (NASDAQ:WLDN) opened at 17.55 on Monday. The company has a 50-day moving average of $16.89 and a 200 day moving average of $12.11. Willdan Group has a 12-month low of $6.95 and a 12-month high of $19.15. The firm has a market cap of $145.63 million, a P/E ratio of 26.75 and a beta of 1.19.
Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, August 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.14. Willdan Group had a return on equity of 13.55% and a net margin of 3.44%. The business earned $58.90 million during the quarter, compared to analysts’ expectations of $49.55 million. Equities analysts predict that Willdan Group will post $0.85 EPS for the current year.
About Willdan Group
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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