Willdan Group, Inc. (WLDN) Given $38.00 Average Target Price by Analysts
Willdan Group, Inc. (NASDAQ:WLDN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus target price of $38.00 for the company and are expecting that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned Willdan Group an industry rank of 158 out of 265 based on the ratings given to related companies.
Several equities research analysts have weighed in on WLDN shares. Canaccord Genuity reiterated a “buy” rating and issued a $36.00 price objective on shares of Willdan Group in a report on Friday, June 2nd. BidaskClub cut Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Wedbush reiterated an “outperform” rating on shares of Willdan Group in a report on Wednesday, July 12th. Finally, Zacks Investment Research cut Willdan Group from a “hold” rating to a “sell” rating in a report on Thursday, May 11th.
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In other Willdan Group news, insider Marc Tipermas sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $35.78, for a total value of $178,900.00. Following the completion of the sale, the insider now owns 43,333 shares in the company, valued at approximately $1,550,454.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Daniel Chow sold 1,203 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $30.43, for a total value of $36,607.29. The disclosure for this sale can be found here. Company insiders own 13.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new position in Willdan Group during the first quarter worth approximately $146,000. Rice Hall James & Associates LLC boosted its position in Willdan Group by 1.0% in the second quarter. Rice Hall James & Associates LLC now owns 9,926 shares of the construction company’s stock worth $303,000 after buying an additional 103 shares during the last quarter. Creative Planning purchased a new position in Willdan Group during the first quarter worth approximately $107,000. Globeflex Capital L P boosted its position in Willdan Group by 18,000.0% in the first quarter. Globeflex Capital L P now owns 7,240 shares of the construction company’s stock worth $234,000 after buying an additional 7,200 shares during the last quarter. Finally, Algert Global LLC purchased a new position in Willdan Group during the first quarter worth approximately $511,000. Institutional investors own 57.21% of the company’s stock.
Shares of Willdan Group (NASDAQ:WLDN) opened at 30.73 on Wednesday. The firm’s 50-day moving average price is $33.00 and its 200 day moving average price is $31.30. Willdan Group has a one year low of $15.25 and a one year high of $36.87. The company has a market capitalization of $266.21 million, a PE ratio of 27.32 and a beta of 1.32.
About Willdan Group
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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