Willdan Group Inc. (NASDAQ:WLDN) – Equities research analysts at Wedbush boosted their Q4 2017 earnings estimates for Willdan Group in a note issued to investors on Tuesday. Wedbush analyst A. Kaschalk now anticipates that the brokerage will post earnings of $0.18 per share for the quarter, up from their prior forecast of $0.13. Wedbush has a “Outperform” rating and a $23.00 price target on the stock. Wedbush also issued estimates for Willdan Group’s FY2019 earnings at $1.63 EPS and FY2020 earnings at $1.83 EPS.
Willdan Group (NASDAQ:WLDN) last announced its earnings results on Thursday, November 3rd. The company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.07. The company had revenue of $58.70 million for the quarter, compared to analyst estimates of $51.09 million. Willdan Group had a return on equity of 16.60% and a net margin of 3.88%.
Separately, Zacks Investment Research raised Willdan Group from a “sell” rating to a “hold” rating and set a $22.00 price objective for the company in a report on Saturday, November 5th.
Willdan Group (NASDAQ:WLDN) opened at 23.32 on Friday. The stock’s 50 day moving average price is $18.28 and its 200-day moving average price is $14.40. The company has a market cap of $194.14 million, a price-to-earnings ratio of 27.83 and a beta of 1.42. Willdan Group has a 52 week low of $7.10 and a 52 week high of $25.13.
Institutional investors have recently made changes to their positions in the company. Tocqueville Asset Management L.P. increased its position in shares of 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 last quarter. Morgan Stanley increased 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 during the last quarter. ClariVest Asset Management LLC acquired a new position in shares of Willdan Group during the third quarter worth $350,000. Navellier & Associates Inc acquired a new position in shares of Willdan Group during the third quarter worth $227,000. Finally, Northern Trust Corp acquired a new position in shares of Willdan Group during the third quarter worth $185,000. Hedge funds and other institutional investors own 33.56% of the company’s stock.
In other Willdan Group news, insider Marc Tipermas sold 1,962 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $19.51, for a total transaction of $38,278.62. Following the completion of the sale, the insider now directly owns 43,224 shares of the company’s stock, valued at approximately $843,300.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.30% of the company’s stock.
About Willdan Group