Willdan Group, Inc. (NASDAQ:WLDN) – Equities researchers at Wedbush raised their Q1 2018 EPS estimates for Willdan Group in a report released on Friday. Wedbush analyst M. Katri now anticipates that the construction company will post earnings of $0.34 per share for the quarter, up from their prior estimate of $0.25. Wedbush also issued estimates for Willdan Group’s Q2 2018 earnings at $0.59 EPS, Q1 2019 earnings at $0.45 EPS and Q2 2019 earnings at $0.73 EPS.
Several other brokerages also recently weighed in on WLDN. Zacks Investment Research reiterated a “hold” rating on shares of Willdan Group in a research note on Saturday, January 6th. Canaccord Genuity set a $36.00 target price on Willdan Group and gave the company a “buy” rating in a research note on Monday, March 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $36.50.
Several institutional investors have recently bought and sold shares of WLDN. Nationwide Fund Advisors purchased a new stake in shares of Willdan Group in the second quarter valued at approximately $131,000. The Manufacturers Life Insurance Company boosted its stake in shares of 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. Millennium Management LLC purchased a new stake in shares of Willdan Group in the fourth quarter valued at approximately $235,000. New York State Common Retirement Fund purchased a new stake in shares of Willdan Group in the second quarter valued at approximately $247,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Willdan Group by 3,388.1% in the third quarter. Wells Fargo & Company MN now owns 9,069 shares of the construction company’s stock valued at $295,000 after buying an additional 8,809 shares in the last quarter. Hedge funds and other institutional investors own 64.93% of the company’s stock.
In other Willdan Group news, insider Marc Tipermas sold 3,000 shares of Willdan Group stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $25.24, for a total value of $75,720.00. Following the transaction, the insider now directly owns 38,333 shares in the company, valued at approximately $967,524.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.30% of the company’s stock.
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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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