Willdan Group (NASDAQ:WLDN) Price Target Increased to $47.00 by Analysts at Roth Mkm

Willdan Group (NASDAQ:WLDN) had its price objective increased by Roth Mkm from $34.00 to $47.00 in a research report sent to investors on Friday morning, Benzinga reports. Roth Mkm currently has a buy rating on the construction company’s stock.

WLDN has been the subject of a number of other reports. Wedbush reiterated an outperform rating and set a $35.00 price target on shares of Willdan Group in a report on Monday, May 6th. StockNews.com cut Willdan Group from a strong-buy rating to a buy rating in a report on Friday, July 26th.

Willdan Group Stock Down 2.1 %

Shares of WLDN opened at $36.24 on Friday. Willdan Group has a 52-week low of $17.09 and a 52-week high of $38.25. The company has a market capitalization of $500.84 million, a PE ratio of 38.97 and a beta of 1.38. The stock has a fifty day simple moving average of $31.28 and a two-hundred day simple moving average of $27.55. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.43.

Willdan Group (NASDAQ:WLDN) last issued its earnings results on Thursday, August 1st. The construction company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.15. Willdan Group had a return on equity of 12.27% and a net margin of 3.10%. The business had revenue of $141.00 million during the quarter, compared to the consensus estimate of $123.07 million. During the same period last year, the company earned $0.19 EPS. As a group, equities analysts forecast that Willdan Group will post 1.54 EPS for the current year.

Insider Buying and Selling at Willdan Group

In other news, Director Thomas Donald Brisbin sold 7,347 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $32.01, for a total transaction of $235,177.47. Following the sale, the director now owns 413,908 shares of the company’s stock, valued at approximately $13,249,195.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Willdan Group news, Director Thomas Donald Brisbin sold 7,347 shares of Willdan Group stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $32.01, for a total transaction of $235,177.47. Following the transaction, the director now owns 413,908 shares of the company’s stock, valued at $13,249,195.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Fund L.P. Forager sold 188,230 shares of Willdan Group stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $29.93, for a total value of $5,633,723.90. Following the transaction, the insider now directly owns 1,255,765 shares in the company, valued at approximately $37,585,046.45. The disclosure for this sale can be found here. Insiders have sold 312,812 shares of company stock valued at $9,603,631 in the last quarter. Corporate insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of WLDN. SG Americas Securities LLC grew its stake in shares of Willdan Group by 27.2% in the 4th quarter. SG Americas Securities LLC now owns 6,776 shares of the construction company’s stock valued at $146,000 after purchasing an additional 1,448 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Willdan Group by 4.2% in the 4th quarter. Conestoga Capital Advisors LLC now owns 55,283 shares of the construction company’s stock valued at $1,189,000 after purchasing an additional 2,210 shares during the last quarter. Bailard Inc. purchased a new position in shares of Willdan Group in the 4th quarter valued at approximately $258,000. Los Angeles Capital Management LLC purchased a new position in shares of Willdan Group in the 4th quarter valued at approximately $309,000. Finally, Rock Point Advisors LLC boosted its stake in shares of Willdan Group by 1.4% in the fourth quarter. Rock Point Advisors LLC now owns 329,475 shares of the construction company’s stock valued at $7,084,000 after buying an additional 4,464 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.