The stock of Willdan Group, Inc. (NASDAQ:WLDN) hit a new 52-week high and has $32.41 target or 48.00% above today’s $21.90 share price. The 6 months bullish chart indicates low risk for the $192.92 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $32.41 price target is reached, the company will be worth $92.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 121,400 shares traded hands or 47.54% up from the average. Willdan Group, Inc. (NASDAQ:WLDN) has risen 109.99% since April 19, 2016 and is uptrending. It has outperformed by 106.13% the S&P500.
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 5 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Wedbush maintained the shares of WLDN in a report on Monday, November 7 with “Outperform” rating. The stock of Willdan Group, Inc. (NASDAQ:WLDN) earned “Speculative Buy” rating by Seaport Global Securities on Friday, January 15. The stock has “Hold” rating given by TheStreet on Tuesday, September 1. Seaport Global Securities initiated Willdan Group, Inc. (NASDAQ:WLDN) rating on Monday, January 18. Seaport Global Securities has “Speculative Buy” rating and $13 price target.
According to Zacks Investment Research, “Willdan Group is a provider of professional technical and consulting services to utilities, private industry, and public agencies at all levels of government. Nationwide, they enable their clients to realize cost and energy savings by providing a wide range of specialized services. They assist their clients with a broad range of complementary services relating to: Energy Efficiency and Sustainability; Engineering and Planning; Economic and Financial Consulting; and National Preparedness and Interoperability. They operate their business through a network of offices located primarily in California and New York. They also have operations in Arizona, Colorado, Florida, Illinois, Kansas, Oregon, Texas, Washington and Washington, DC.”
Insitutional Activity: The institutional sentiment increased to 2.4 in Q2 2016. Its up 1.40, from 1 in 2016Q1. The ratio increased, 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.
Geode Cap Mgmt Ltd Company, a Massachusetts-based fund reported 34,711 shares. Globeflex Capital Ltd Partnership has 40 shares for 0% of their US portfolio. California Public Employees Retirement System has 0% invested in the company for 12,100 shares. Morgan Stanley has 30,617 shares for 0% of their US portfolio. Federated Investors Incorporated Pa reported 360 shares or 0% of all its holdings. Spark Mgmt Ltd Company, a New York-based fund reported 27,500 shares. Walleye Trading Limited Com last reported 0% of its portfolio in the stock. Pnc Grp Incorporated Inc last reported 200 shares in the company. Blackrock Institutional Tru Na holds 0% or 128,213 shares in its portfolio. Blackrock Management Lc reported 1,268 shares or 0% of all its holdings. Tocqueville Asset Management Lp has 206,394 shares for 0.03% of their US portfolio. Oxford Asset Management last reported 14,769 shares in the company. Moreover, Tower Research Ltd (Trc) has 0% invested in Willdan Group, Inc. (NASDAQ:WLDN) for 679 shares. Blackrock Fund Advisors has 18,169 shares for 0% of their US portfolio. Moreover, National Bank & Trust Of America De has 0% invested in Willdan Group, Inc. (NASDAQ:WLDN) for 30,925 shares.
Insider Transactions: Since May 31, 2016, the stock had 4 insider buys, and 3 selling transactions for $360,929 net activity. Another trade for 1,095 shares valued at $20,498 was bought by McEachern Douglas James. Tipermas Marc also sold $38,280 worth of Willdan Group, Inc. (NASDAQ:WLDN) shares.
More news for Willdan Group, Inc. (NASDAQ:WLDN) were recently published by: Latimes.com, which released: “Willdan Group looks beyond California to diversify its client base” on October 05, 2014. Nasdaq.com‘s article titled: “Zacks.com featured highlights: MGM Resorts, Stamps.com, Willdan Group …” and published on November 21, 2016 is yet another important article.
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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