Willdan Group, Inc. (NASDAQ:WLDN) Short Interest Update

Willdan Group, Inc. (NASDAQ:WLDN) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,086,670 shares, an increase of 25.6% from the December 31st total of 865,072 shares. Based on an average daily volume of 388,752 shares, the short-interest ratio is currently 2.8 days. Currently, 8.1% of the shares of the stock are sold short. Currently, 8.1% of the shares of the stock are sold short. Based on an average daily volume of 388,752 shares, the short-interest ratio is currently 2.8 days.

Wall Street Analysts Forecast Growth

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

Willdan Group Price Performance

NASDAQ:WLDN opened at $126.20 on Monday. Willdan Group has a one year low of $30.43 and a one year high of $137.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market cap of $1.86 billion, a PE ratio of 45.40 and a beta of 0.97. The stock has a 50 day moving average price of $113.57 and a 200 day moving average price of $102.94.

Willdan Group (NASDAQ:WLDN) last released its quarterly earnings data 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 company had revenue of $94.97 million for 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%. Equities research analysts expect that Willdan Group will post 1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Willdan Group

A number of hedge funds have recently modified their holdings of WLDN. Campbell & CO Investment Adviser LLC acquired a new position in shares of Willdan Group in the 2nd quarter worth approximately $1,500,000. Asset Management One Co. Ltd. purchased a new stake in Willdan Group in the third quarter valued at approximately $3,882,000. Decker Retirement Planning Inc. acquired a new position in Willdan Group during the third quarter worth $3,256,000. David J Yvars Group acquired a new position in Willdan Group during the third quarter worth $862,000. Finally, EFG Asset Management North America Corp. purchased a new position in shares of Willdan Group during the third quarter worth $2,396,000. Hedge funds and other institutional investors own 72.29% of the company’s stock.

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.