Willdan Group (NASDAQ:WLDN) Stock Passes Above 200-Day Moving Average of $21.71

Shares of Willdan Group, Inc. (NASDAQ:WLDN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.71 and traded as high as $28.17. Willdan Group shares last traded at $27.95, with a volume of 36,547 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Roth Mkm reissued a “buy” rating and set a $34.00 target price (up previously from $27.00) on shares of Willdan Group in a report on Friday, March 22nd. Wedbush upped their target price on shares of Willdan Group from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Finally, StockNews.com lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 16th.

Willdan Group Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.67 and a current ratio of 1.67. The business has a 50 day simple moving average of $25.29 and a 200-day simple moving average of $21.71. The firm has a market capitalization of $386.27 million, a price-to-earnings ratio of 35.38 and a beta of 1.49.

Willdan Group (NASDAQ:WLDN) last posted its earnings results on Thursday, March 7th. The construction company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.37. The company had revenue of $155.68 million for the quarter, compared to analyst estimates of $160.00 million. Willdan Group had a net margin of 2.14% and a return on equity of 10.17%. During the same period in the previous year, the business posted $0.25 EPS. On average, equities analysts expect that Willdan Group, Inc. will post 1.5 EPS for the current year.

Insider Activity

In other Willdan Group news, major shareholder Fund L.P. Forager sold 10,456 shares of Willdan Group stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $29.83, for a total transaction of $311,902.48. Following the completion of the sale, the insider now directly owns 1,900,057 shares in the company, valued at $56,678,700.31. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On Willdan Group

A number of hedge funds and other institutional investors have recently bought and sold shares of WLDN. SG Americas Securities LLC purchased a new stake in shares of Willdan Group during the third quarter worth $109,000. Strs Ohio purchased a new stake in Willdan Group during the 3rd quarter worth about $422,000. Summit Creek Advisors LLC raised its position in Willdan Group by 0.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 382,803 shares of the construction company’s stock valued at $7,821,000 after purchasing an additional 1,587 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Willdan Group by 28.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 42,330 shares of the construction company’s stock valued at $865,000 after buying an additional 9,441 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Willdan Group by 62.6% during the third quarter. New York State Common Retirement Fund now owns 5,200 shares of the construction company’s stock worth $106,000 after buying an additional 2,001 shares in the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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.