Willdan Group (NASDAQ:WLDN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Willdan Group, Inc. (NASDAQ:WLDN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $90.52 and traded as high as $111.48. Willdan Group shares last traded at $111.37, with a volume of 363,112 shares changing hands.

Analysts Set New Price Targets

WLDN has been the topic of several analyst reports. Zacks Research upgraded shares of Willdan Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Wedbush restated an “outperform” rating and set a $120.00 target price on shares of Willdan Group in a research note on Monday, October 6th. Wall Street Zen lowered Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Willdan Group in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $111.50.

Willdan Group Price Performance

The business’s 50-day simple moving average is $97.77 and its two-hundred day simple moving average is $90.77. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 40.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.48.

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

Institutional Trading of Willdan Group

A number of hedge funds have recently made changes to their positions in WLDN. SBI Securities Co. Ltd. raised its position in Willdan Group by 1,915.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 262 shares of the construction company’s stock worth $25,000 after purchasing an additional 249 shares during the last quarter. AdvisorShares Investments LLC bought a new stake in Willdan Group in the 2nd quarter valued at about $30,000. Private Trust Co. NA acquired a new position in Willdan Group during the 3rd quarter worth approximately $48,000. NewEdge Advisors LLC bought a new position in Willdan Group in the third quarter worth approximately $48,000. Finally, State of Alaska Department of Revenue acquired a new stake in Willdan Group in the third quarter valued at approximately $75,000. 72.29% of the stock is owned by institutional investors and hedge funds.

About Willdan Group

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.