Willdan Group Inc. (NASDAQ:WLDN) had its price objective upped by equities researchers at Wedbush from $20.00 to $23.00 in a report issued on Wednesday. The firm currently has an “outperform” rating on the stock. Wedbush’s price target indicates a potential downside of 1.84% from the company’s previous close.
Separately, Zacks Investment Research upgraded Willdan Group from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a report on Saturday, November 5th.
Willdan Group (NASDAQ:WLDN) opened at 23.43 on Wednesday. Willdan Group has a 1-year low of $7.10 and a 1-year high of $23.49. The company’s 50-day moving average price is $18.13 and its 200 day moving average price is $14.31. The firm has a market capitalization of $195.05 million, a PE ratio of 27.96 and a beta of 1.42.
Willdan Group (NASDAQ:WLDN) last announced its earnings results on Thursday, November 3rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.07. The firm had revenue of $58.70 million for the quarter, compared to analysts’ expectations of $51.09 million. Willdan Group had a return on equity of 16.60% and a net margin of 3.88%. On average, equities analysts anticipate that Willdan Group will post $0.95 EPS for the current year.
In other Willdan Group news, insider Marc Tipermas sold 15,566 shares of the stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $18.86, for a total transaction of $293,574.76. Following the transaction, the insider now owns 56,831 shares of the company’s stock, valued at approximately $1,071,832.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 13.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of WLDN. Morgan Stanley raised its position in shares of Willdan Group by 88.7% in the third quarter. Morgan Stanley now owns 57,763 shares of the company’s stock worth $1,013,000 after buying an additional 27,146 shares in the last quarter. Northern Trust Corp acquired a new position in shares of Willdan Group during the third quarter worth $185,000. ClariVest Asset Management LLC acquired a new position in shares of Willdan Group during the third quarter worth $350,000. Tocqueville Asset Management L.P. raised its position in shares of Willdan Group by 4.7% in the third quarter. Tocqueville Asset Management L.P. now owns 216,000 shares of the company’s stock worth $3,791,000 after buying an additional 9,606 shares in the last quarter. Finally, Wells Fargo & Company MN acquired a new position in shares of Willdan Group during the third quarter worth $163,000. 33.56% of the stock is currently owned by institutional investors.
Willdan Group Company Profile