Noteworthy Price Action: What Will Happen to Willdan Group, Inc. Next? The Stock Just Declined A Lot

Noteworthy Price Action: What Will Happen to Willdan Group, Inc. Next? The Stock Just Declined A Lot

The stock of Willdan Group, Inc. (NASDAQ:WLDN) is a huge mover today! About 135,240 shares traded hands or 72.50% up from the average. Willdan Group, Inc. (NASDAQ:WLDN) has risen 100.81% since March 7, 2016 and is uptrending. It has outperformed by 93.22% the S&P500.
The move comes after 5 months negative chart setup for the $134.55M company. It was reported on Oct, 10 by We have $14.37 PT which if reached, will make NASDAQ:WLDN worth $18.84 million less.

Analysts await Willdan Group, Inc. (NASDAQ:WLDN) to report earnings on November, 10. They expect $0.20 earnings per share, up 100.00% or $0.10 from last year’s $0.1 per share. WLDN’s profit will be $1.61 million for 20.89 P/E if the $0.20 EPS becomes a reality. After $0.37 actual earnings per share reported by Willdan Group, Inc. for the previous quarter, Wall Street now forecasts -45.95% negative EPS growth.

Willdan Group, Inc. (NASDAQ:WLDN) Ratings Coverage

Out of 2 analysts covering Willdan Group (NASDAQ:WLDN), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Willdan Group has been the topic of 4 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The rating was initiated by Seaport Global Securities with “Speculative Buy” on Monday, January 18. The stock has “Hold” rating given by TheStreet on Tuesday, September 1. The firm has “Speculative Buy” rating given on Friday, January 15 by Seaport Global Securities.

According to Zacks Investment Research, “WILLDAN GROUP, INC. is a leading single resource provider of specialized outsourced services to small and mid-sized public agencies located primarily in California and other western states. Willdan Group, Inc. assists cities and other government agencies with a broad range of services, including civil engineering, building and safety services, geotechnical engineering, financial and economic consulting, and disaster preparedness and homeland security. Strategically located throughout California and other Western states, Willdan’s market focus and competitive advantages support ample opportunities for geographic expansion into attractive, growing markets driven by unmet demand for privatized governmental services. Willdan’s depth of executive expertise and specialized talent base has delivered a track record of consistent growth in contract revenues and strong performance metrics.”

Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.21, from 0.79 in 2016Q1. The ratio is positive, as 1 funds sold all Willdan Group, Inc. shares owned while 12 reduced positions. 2 funds bought stakes while 11 increased positions. They now own 2.64 million shares or 2.88% more from 2.56 million shares in 2016Q1.
Morgan Stanley has invested 0% of its portfolio in Willdan Group, Inc. (NASDAQ:WLDN). Tocqueville Asset Management Limited Partnership holds 0.03% of its portfolio in Willdan Group, Inc. (NASDAQ:WLDN) for 206,394 shares. Jpmorgan Chase & holds 1,783 shares or 0% of its portfolio. Bard Assoc has 243,664 shares for 1.37% of their US portfolio. Tower Ltd Liability Company (Trc) accumulated 679 shares or 0% of the stock. Acadian Asset owns 42,165 shares or 0% of their US portfolio. James Inv Rech last reported 6,146 shares in the company. Bridgeway Capital Mgmt Incorporated accumulated 0.01% or 52,300 shares. Moreover, Globeflex Limited Partnership has 0% invested in Willdan Group, Inc. (NASDAQ:WLDN) for 40 shares. Essex Investment Mngmt Ltd Liability Company holds 0.09% of its portfolio in Willdan Group, Inc. (NASDAQ:WLDN) for 49,539 shares. Rbf Capital Limited Liability Co has invested 0.41% of its portfolio in Willdan Group, Inc. (NASDAQ:WLDN). Blackrock Fund Advsr holds 0% of its portfolio in Willdan Group, Inc. (NASDAQ:WLDN) for 18,169 shares. Walleye Trading Limited Liability owns 898 shares or 0% of their US portfolio. Federated Investors Pa holds 360 shares or 0% of its portfolio. Dimensional Fund Advsr Lp last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 10, 2016, the stock had 3 insider purchases, and 1 sale for $5,938 net activity. On Wednesday, August 17 McEachern Douglas James bought $16,778 worth of the stock or 1,122 shares. The insider Tipermas Marc sold $11,514.

More recent Willdan Group, Inc. (NASDAQ:WLDN) news were published by: which released: “Willdan Group looks beyond California to diversify its client base” on October 05, 2014. Also published the news titled: “Willdan Acquires New York Based Power Engineering Company Genesys Engineering” on February 29, 2016.‘s news article titled: “Willdan Group Reports Second Quarter 2016 Financial Results” with publication date: August 04, 2016 was also an interesting one.

WLDN Company Profile

Willdan Group, Inc., incorporated on February 13, 2006, is a holding company. The Firm provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government. The Firm operates through four divisions: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services. The Firm assists its clients with a range of complementary services relating to energy efficiency and sustainability; engineering and planning; economic and financial consulting, and national preparedness and interoperability. The Company’s client base comprises public and private utilities, commercial and industrial firms, cities, counties, special districts, other local and state agencies, and tribal governments.

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