Willdan Group (NASDAQ:WLDN) Shares Down 15.3% – Should You Sell?

Shares of Willdan Group, Inc. (NASDAQ:WLDN) were down 15.3% during mid-day trading on Wednesday . The company traded as low as $109.29 and last traded at $107.6450. Approximately 310,153 shares traded hands during trading, a decline of 1% from the average daily volume of 314,015 shares. The stock had previously closed at $127.09.

Analysts Set New Price Targets

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

Willdan Group Stock Down 11.9%

The business’s 50-day moving average is $114.69 and its 200-day moving average is $103.62. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 40.27 and a beta of 0.98. 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 issued its earnings results on Thursday, November 6th. The construction company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.40. The firm had revenue of $94.97 million for the quarter, compared to the consensus estimate of $164.00 million. Willdan Group had a return on equity of 20.23% and a net margin of 6.37%. As a group, equities analysts predict that Willdan Group, Inc. will post 1.82 earnings per share for the current year.

Hedge Funds Weigh In On Willdan Group

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its holdings in Willdan Group by 1,915.4% during the third quarter. SBI Securities Co. Ltd. now owns 262 shares of the construction company’s stock worth $25,000 after buying an additional 249 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of Willdan Group during the 4th quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Willdan Group during the 4th quarter valued at about $28,000. AdvisorShares Investments LLC acquired a new stake in shares of Willdan Group during the 2nd quarter valued at about $30,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Willdan Group in the 4th quarter valued at about $47,000. 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.