Willdan Group, Inc. (NASDAQ:WLDN)‘s stock had its “buy” rating restated by Seaport Global Securities in a research note issued to investors on Wednesday. They currently have a $37.00 price objective on the construction company’s stock. Seaport Global Securities’ target price would indicate a potential upside of 20.17% from the company’s previous close. Seaport Global Securities also issued estimates for Willdan Group’s Q3 2017 earnings at $0.28 EPS, Q4 2017 earnings at $0.20 EPS, FY2017 earnings at $1.15 EPS, Q1 2018 earnings at $0.38 EPS, Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $1.39 EPS and FY2019 earnings at $1.71 EPS.
A number of other analysts have also recently weighed in on the company. Wedbush restated an “outperform” rating on shares of Willdan Group in a research note on Wednesday, July 12th. BidaskClub cut Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, ValuEngine cut Willdan Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $37.67.
Willdan Group (WLDN) opened at 30.79 on Wednesday. The stock has a 50 day moving average price of $31.10 and a 200-day moving average price of $31.70. The stock has a market capitalization of $266.73 million, a P/E ratio of 27.37 and a beta of 1.30. Willdan Group has a one year low of $15.25 and a one year high of $36.87.
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In other Willdan Group news, insider Marc Tipermas sold 5,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 43,333 shares in the company, valued at $1,550,454.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.30% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of WLDN. Tower Research Capital LLC TRC acquired a new stake in Willdan Group in the first quarter valued at $105,000. JPMorgan Chase & Co. acquired a new stake in Willdan Group in the second quarter valued at $109,000. Nationwide Fund Advisors acquired a new stake in Willdan Group in the second quarter valued at $131,000. Oppenheimer Asset Management Inc. acquired a new stake in Willdan Group in the first quarter valued at $146,000. Finally, The Manufacturers Life Insurance Company raised its stake in Willdan Group by 1,356.2% in the second quarter. The Manufacturers Life Insurance Company now owns 6,655 shares of the construction company’s stock valued at $203,000 after buying an additional 6,198 shares in the last quarter. Institutional investors own 57.22% of the company’s stock.
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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