BidaskClub Lowers Willdan Group (WLDN) to Sell

BidaskClub cut shares of Willdan Group (NASDAQ:WLDN) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

Several other equities analysts have also weighed in on WLDN. Zacks Investment Research reaffirmed a hold rating on shares of Willdan Group in a report on Saturday, January 6th. Canaccord Genuity set a $36.00 target price on shares of Willdan Group and gave the company a buy rating in a report on Monday, March 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Willdan Group presently has an average rating of Buy and an average target price of $35.75.

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NASDAQ:WLDN opened at $29.20 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.04. The company has a market cap of $261.98, a PE ratio of 24.75 and a beta of 0.94. Willdan Group has a 1-year low of $19.25 and a 1-year high of $36.87.

Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, March 8th. The construction company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $64.16 million during the quarter, compared to analyst estimates of $55.44 million. Willdan Group had a net margin of 4.44% and a return on equity of 17.31%. analysts expect that Willdan Group will post 1.57 earnings per share for the current fiscal year.

In related news, insider Marc Tipermas sold 2,500 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $26.47, for a total value of $66,175.00. Following the completion of the sale, the insider now owns 42,500 shares of the company’s stock, valued at approximately $1,124,975. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in Willdan Group in the 4th quarter worth $235,000. Advisor Group Inc. increased its holdings in Willdan Group by 15.5% in the 4th quarter. Advisor Group Inc. now owns 30,302 shares of the construction company’s stock worth $725,000 after acquiring an additional 4,069 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in Willdan Group by 33.5% in the 4th quarter. Thrivent Financial For Lutherans now owns 278,314 shares of the construction company’s stock worth $6,663,000 after acquiring an additional 69,790 shares in the last quarter. BlackRock Inc. increased its holdings in Willdan Group by 0.6% in the 4th quarter. BlackRock Inc. now owns 478,747 shares of the construction company’s stock worth $11,461,000 after acquiring an additional 3,054 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Willdan Group by 20.5% in the 4th quarter. Bank of New York Mellon Corp now owns 30,538 shares of the construction company’s stock worth $731,000 after acquiring an additional 5,205 shares in the last quarter. 64.37% of the stock is owned by institutional investors.

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About Willdan Group

Willdan Group, Inc, together with its subsidiaries, provides professional technical and consulting services to utilities, private industry, and public agencies at various levels of government primarily in the Unites States. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services, and Homeland Security Services.

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