Willdan Group (NASDAQ:WLDN) Price Target Increased to $47.00 by Analysts at Roth Mkm

Willdan Group (NASDAQ:WLDN) had its price objective upped by Roth Mkm from $34.00 to $47.00 in a research note released on Friday, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

A number of other brokerages also recently issued reports on WLDN. Wedbush restated an outperform rating and issued a $35.00 price target on shares of Willdan Group in a research report on Monday, May 6th. StockNews.com downgraded Willdan Group from a strong-buy rating to a buy rating in a research report on Friday, July 26th.

Willdan Group Stock Down 2.1 %

Shares of WLDN opened at $36.24 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $500.84 million, a price-to-earnings ratio of 38.97 and a beta of 1.38. Willdan Group has a 1 year low of $17.09 and a 1 year high of $38.25. The business’s 50 day simple moving average is $31.28 and its 200-day simple moving average is $27.55.

Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, August 1st. The construction company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.15. The firm had revenue of $141.00 million during the quarter, compared to the consensus estimate of $123.07 million. Willdan Group had a return on equity of 12.27% and a net margin of 3.10%. During the same period in the prior year, the company earned $0.19 EPS. As a group, equities analysts expect that Willdan Group will post 1.54 earnings per share for the current fiscal year.

Insider Transactions at Willdan Group

In other news, major shareholder Fund L.P. Forager sold 188,230 shares of Willdan Group stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $29.93, for a total transaction of $5,633,723.90. Following the completion of the sale, the insider now directly owns 1,255,765 shares in the company, valued at $37,585,046.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Willdan Group news, Director Mohammad Shahidehpour sold 3,000 shares of Willdan Group stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $30.83, for a total value of $92,490.00. Following the transaction, the director now owns 12,792 shares in the company, valued at $394,377.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Fund L.P. Forager sold 188,230 shares of Willdan Group stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $29.93, for a total value of $5,633,723.90. Following the completion of the transaction, the insider now owns 1,255,765 shares in the company, valued at approximately $37,585,046.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 312,812 shares of company stock worth $9,603,631. 9.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Willdan Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in WLDN. Swedbank AB purchased a new stake in shares of Willdan Group during the first quarter worth about $12,628,000. Summit Creek Advisors LLC lifted its holdings in Willdan Group by 3.3% in the first quarter. Summit Creek Advisors LLC now owns 374,597 shares of the construction company’s stock valued at $10,860,000 after acquiring an additional 12,056 shares during the period. Rock Point Advisors LLC lifted its holdings in Willdan Group by 1.4% in the fourth quarter. Rock Point Advisors LLC now owns 329,475 shares of the construction company’s stock valued at $7,084,000 after acquiring an additional 4,464 shares during the period. Essex Investment Management Co. LLC increased its position in shares of Willdan Group by 1.6% in the first quarter. Essex Investment Management Co. LLC now owns 135,336 shares of the construction company’s stock valued at $3,923,000 after buying an additional 2,100 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in shares of Willdan Group by 1.0% in the first quarter. Conestoga Capital Advisors LLC now owns 55,823 shares of the construction company’s stock valued at $1,618,000 after buying an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

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 audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.