Willdan Group (WLDN) Set to Announce Earnings on Thursday

Willdan Group (NASDAQ:WLDN – Get Rating) will release its earnings data after the market closes on Thursday, March 9th. Analysts expect Willdan Group to post earnings of $0.42 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Willdan Group Stock Performance

NASDAQ:WLDN opened at $18.08 on Thursday. Willdan Group has a twelve month low of $10.98 and a twelve month high of $34.10. The company has a market cap of $240.37 million, a P/E ratio of -26.20 and a beta of 1.26. The company’s 50-day moving average price is $18.70 and its 200-day moving average price is $17.94. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.53.

Insider Buying and Selling

In related news, major shareholder Fund L.P. Forager purchased 83,100 shares of the company’s stock in a transaction on Tuesday, December 13th. The stock was acquired at an average cost of $16.02 per share, for a total transaction of $1,331,262.00. Following the completion of the transaction, the insider now directly owns 1,461,681 shares in the company, valued at $23,416,129.62. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 119,618 shares of company stock worth $1,984,422. Insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Willdan Group

Institutional investors have recently made changes to their positions in the stock. UBS Group AG increased its position in shares of Willdan Group by 68.4% during the third quarter. UBS Group AG now owns 1,694 shares of the construction company’s stock valued at $25,000 after acquiring an additional 688 shares during the last quarter. Barclays PLC boosted its stake in shares of Willdan Group by 499.4% in the fourth quarter. Barclays PLC now owns 3,117 shares of the construction company’s stock valued at $55,000 after purchasing an additional 2,597 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Willdan Group by 42.6% in the first quarter. BNP Paribas Arbitrage SA now owns 4,084 shares of the construction company’s stock valued at $125,000 after purchasing an additional 1,220 shares during the period. BNP Paribas Arbitrage SNC boosted its stake in shares of Willdan Group by 69.3% in the third quarter. BNP Paribas Arbitrage SNC now owns 4,164 shares of the construction company’s stock valued at $62,000 after purchasing an additional 1,704 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of Willdan Group by 56.6% in the first quarter. MetLife Investment Management LLC now owns 7,156 shares of the construction company’s stock valued at $220,000 after purchasing an additional 2,586 shares during the period. 78.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. EF Hutton Acquisition Co. I cut their price objective on shares of Willdan Group from $32.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Wedbush cut their price objective on shares of Willdan Group from $35.00 to $16.00 in a research report on Friday, November 4th.

About Willdan Group

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Willdan Group, Inc engages in the provision of technical and consulting services. It operates through the Energy and the Engineering and Consulting segments. The Energy segment offers energy and sustainability consulting services to utilities, public agencies and private industry. The Engineering and Consulting segment provides civil engineering-related construction management, building and safety, city engineering office management, city planning, civil design, geotechnical, material testing and other engineering consulting services.