Willdan Group (NASDAQ:WLDN) coverage launched on StockNews.com

StockNews.com analysts have launched a hedge on the shares of Willdan Group (NASDAQ:WLDN – Get an assessment) in a note released Wednesday to investors. The company has placed a “conservation” rating on the shares of the construction company.

Willdan Group Price Performance

Shares of WLDN opened at $13.21 on Wednesday. Willdan Group has a 12-month low of $13.13 and a 12-month high of $43.22. The company has a debt ratio of 0.56, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a fifty-day moving average price of $21.79 and a 200-day moving average price of $25.31. The company has a market capitalization of $175.46 million, a P/E ratio of -20.64 and a beta of 1.25.

Willdan Group (NASDAQ:WLDN – Get Rating) last released its quarterly earnings data on Thursday, August 4. The construction company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimate of ($0.12) by ($0.04). The company posted revenue of $102.65 million in the quarter, versus analyst estimates of $102.99 million. Willdan Group recorded a positive return on equity of 2.07% and a negative net margin of 2.12%. On average, research analysts expect Willdan Group to post -0.11 earnings per share for the current year.

Insider trading at Willdan Group

Separately, director Mohammad Shahidehpour sold 2,418 shares of the company in a deal that took place on Friday, September 9. The stock was sold at an average price of $20.48, for a total value of $49,520.64. Following the sale, the administrator now directly owns 12,207 shares of the company, valued at approximately $249,999.36. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Insiders hold 12.80% of the shares of the company.

Hedge funds weigh on Willdan Group

Institutional investors and hedge funds have recently been buying and selling stocks. Amalgamated Bank purchased a new stake in Willdan Group stock during Q1 worth approximately $53,000. SG Americas Securities LLC acquired a new stake in Willdan Group during the second quarter for a value of approximately $110,000. BNP Paribas Arbitrage SA increased its position in Willdan Group by 42.6% in the first quarter. BNP Paribas Arbitrage SA now owns 4,084 shares in the construction company worth $125,000 after purchasing an additional 1,220 shares during the period. UBS Group AG acquired a new stake in Willdan Group in the first quarter worth approximately $175,000. Finally, MetLife Investment Management LLC increased its stake in Willdan Group by 56.6% in the 1st quarter. MetLife Investment Management LLC now owns 7,156 shares of the construction company valued at $220,000 after buying 2,586 additional shares last quarter. Institutional investors hold 81.45% of the company’s shares.

Willdan Group Company Profile

(Get a rating)

Willdan Group, Inc, together with its subsidiaries, provides professional, technical and consulting services primarily in the United States. It operates in two segments, Energy and Engineering and Consulting. The Energy segment offers comprehensive audit and investigation, program design, master planning, demand reduction, network optimization, benchmarking, design engineering, construction, performance contracts, installation, alternative financing and measurement and verification, as well as analytical software and data.

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