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

Willdan Group, Inc. (NASDAQ:WLDN)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $99.98 and traded as high as $133.00. Willdan Group shares last traded at $129.91, with a volume of 312,739 shares traded.

Wall Street Analysts Forecast Growth

WLDN has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Willdan Group in a report on Monday, December 29th. Wall Street Zen lowered Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 11th. Zacks Research downgraded Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Compass Point set a $125.00 target price on Willdan Group in a report on Friday, January 2nd. Finally, Wedbush raised their target price on Willdan Group from $120.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.33.

Willdan Group Price Performance

The stock has a 50-day simple moving average of $108.51 and a 200 day simple moving average of $99.98. The company has a market cap of $1.92 billion, a PE ratio of 46.73 and a beta of 0.96. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.17.

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

Hedge Funds Weigh In On Willdan Group

Several large investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Willdan Group in the 4th quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC boosted its position in shares of Willdan Group by 25.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,805 shares of the construction company’s stock worth $19,071,000 after buying an additional 35,706 shares during the period. Spire Wealth Management acquired a new stake in shares of Willdan Group in the fourth quarter valued at $26,000. Cadent Capital Advisors LLC purchased a new stake in shares of Willdan Group in the 4th quarter valued at $1,181,000. Finally, Avanza Fonder AB purchased a new stake in shares of Willdan Group in the 4th quarter valued at $58,000. 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.