Willdan Group (NASDAQ:WLDN) Sees Strong Trading Volume – What’s Next?

Shares of Willdan Group, Inc. (NASDAQ:WLDN) saw strong trading volume on Tuesday . 316,426 shares were traded during mid-day trading, an increase of 124% from the previous session’s volume of 141,075 shares.The stock last traded at $112.4450 and had previously closed at $109.74.

Analyst Ratings Changes

WLDN has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Willdan Group in a research note on Monday, December 29th. Wall Street Zen raised shares of Willdan Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Wedbush restated an “outperform” rating and set a $120.00 price objective on shares of Willdan Group in a research report on Monday, October 6th. Zacks Research cut shares of Willdan Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Compass Point set a $125.00 target price on shares of Willdan Group in a research note on Friday, January 2nd. 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.00.

Willdan Group Stock Down 1.4%

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market capitalization of $1.66 billion, a P/E ratio of 40.54 and a beta of 0.96. The company’s 50-day simple moving average is $101.93 and its two-hundred day simple moving average is $95.72.

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

Hedge Funds Weigh In On Willdan Group

Several large investors have recently added to or reduced their stakes in WLDN. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Willdan Group in the fourth quarter worth $271,000. GK Wealth Management LLC bought a new position in Willdan Group in the 4th quarter worth $211,000. Tudor Investment Corp ET AL boosted its holdings in Willdan Group by 2.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 89,026 shares of the construction company’s stock worth $8,608,000 after buying an additional 2,014 shares during the period. Harvest Investment Services LLC purchased a new stake in Willdan Group in the 3rd quarter worth $1,002,000. Finally, Kestra Private Wealth Services LLC bought a new stake in Willdan Group during the third quarter valued at about $247,000. 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.