Willdan Group (NASDAQ:WLDN) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Willdan Group, Inc. (NASDAQ:WLDN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $90.52 and traded as high as $111.48. Willdan Group shares last traded at $111.37, with a volume of 363,112 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Zacks Research upgraded Willdan Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Wedbush reiterated an “outperform” rating and set a $120.00 price target on shares of Willdan Group in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Willdan Group in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $111.50.

Willdan Group Price Performance

The company has a market cap of $1.64 billion, a P/E ratio of 40.06 and a beta of 0.97. The stock has a 50-day simple moving average of $97.77 and a 200 day simple moving average of $90.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 1.48.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, November 6th. The construction company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.40. The business had revenue of $94.97 million during the quarter, compared to analyst estimates of $164.00 million. Willdan Group had a return on equity of 20.23% and a net margin of 6.37%. On average, equities analysts expect that Willdan Group, Inc. will post 1.82 EPS for the current year.

Institutional Trading of Willdan Group

Several institutional investors have recently made changes to their positions in WLDN. Vanguard Group Inc. raised its position in Willdan Group by 27.1% in the third quarter. Vanguard Group Inc. now owns 1,075,270 shares of the construction company’s stock worth $103,968,000 after purchasing an additional 229,357 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Willdan Group by 10.3% in the 2nd quarter. Geode Capital Management LLC now owns 336,752 shares of the construction company’s stock valued at $21,054,000 after purchasing an additional 31,561 shares during the period. Wasatch Advisors LP acquired a new position in shares of Willdan Group in the 2nd quarter worth approximately $20,188,000. Two Sigma Investments LP lifted its position in shares of Willdan Group by 207.1% during the 3rd quarter. Two Sigma Investments LP now owns 302,380 shares of the construction company’s stock worth $29,237,000 after buying an additional 203,912 shares during the period. Finally, Divisadero Street Capital Management LP lifted its position in shares of Willdan Group by 62.3% during the 2nd quarter. Divisadero Street Capital Management LP now owns 278,955 shares of the construction company’s stock worth $17,437,000 after buying an additional 107,033 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Willdan Group Company Profile

Willdan Group, Inc provides energy efficiency, infrastructure engineering, and technical consulting services to a diverse range of public and private sector clients. The company works with utilities, municipalities, state and federal agencies, and commercial enterprises to design, implement, and manage programs that promote sustainable energy use, grid modernization, and resilient infrastructure. Willdan’s offerings span program design and implementation, energy audits, measurement and verification, and project management for both new construction and retrofit initiatives.

Core services include energy advisory and engineering solutions, including feasibility studies, facility commissioning and retro-commissioning, $0 down financing for energy projects, and demand response program development.