The stock of Willdan Group, Inc. (NASDAQ:WLDN) reached all time high today, Nov, 24 and still has $25.30 target or 8.00% above today’s $23.43 share price. This indicates more upside for the $199.99 million company. This technical setup was reported by Barchart.com. If the $25.30 PT is reached, the company will be worth $16.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 4.88% or $1.09 on November 23, hitting $23.43. About 120,603 shares traded hands or 44.02% up from the average. Willdan Group, Inc. (NASDAQ:WLDN) has risen 117.15% since April 22, 2016 and is uptrending. It has outperformed by 111.74% the S&P500.
Analysts await Willdan Group, Inc. (NASDAQ:WLDN) to report earnings on March, 9. They expect $0.16 earnings per share, up 220.00% or $0.11 from last year’s $0.05 per share. WLDN’s profit will be $1.37M for 36.61 P/E if the $0.16 EPS becomes a reality. After $0.28 actual earnings per share reported by Willdan Group, Inc. for the previous quarter, Wall Street now forecasts -42.86% 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 6 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by TheStreet on Tuesday, September 1. Seaport Global Securities initiated the shares of WLDN in a report on Monday, January 18 with “Speculative Buy” rating. The stock of Willdan Group, Inc. (NASDAQ:WLDN) has “Outperform” rating given on Monday, November 7 by Wedbush. The stock of Willdan Group, Inc. (NASDAQ:WLDN) earned “Speculative Buy” rating by Seaport Global Securities on Friday, January 15. The stock of Willdan Group, Inc. (NASDAQ:WLDN) earned “Outperform” rating by Wedbush on Wednesday, November 23.
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 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.
Blackrock Institutional Tru Na has 128,213 shares for 0% of their US portfolio. Moreover, Walleye Trading Limited Liability has 0% invested in Willdan Group, Inc. (NASDAQ:WLDN) for 898 shares. Oxford Asset Mngmt has 0.01% invested in the company for 14,769 shares. Bridgeway Capital Mgmt has 52,300 shares for 0.01% of their US portfolio. Savings Bank Of America Corporation De holds 0% or 30,925 shares in its portfolio. Acadian Asset Mngmt Lc reported 42,165 shares or 0% of all its holdings. Rbf Ltd Liability Co has 193,159 shares for 0.41% of their US portfolio. Blackrock Gru holds 0% or 12,520 shares in its portfolio. Bard Associates Inc last reported 243,664 shares in the company. Jpmorgan Chase holds 0% of its portfolio in Willdan Group, Inc. (NASDAQ:WLDN) for 1,783 shares. Cadence Mngmt Ltd Liability Corp reported 71,449 shares or 0.06% of all its holdings. Moreover, Renaissance Ltd Liability Corp has 0.01% invested in Willdan Group, Inc. (NASDAQ:WLDN) for 307,100 shares. Vanguard Group Inc owns 235,156 shares or 0% of their US portfolio. Tocqueville Asset Lp holds 0.03% or 206,394 shares in its portfolio. Moreover, Federated Investors Pa has 0% invested in Willdan Group, Inc. (NASDAQ:WLDN) for 360 shares.
Insider Transactions: Since May 31, 2016, the stock had 4 insider buys, and 3 selling transactions for $360,929 net activity. Tipermas Marc had sold 15,566 shares worth $293,628 on Wednesday, November 9. McEachern Douglas James had bought 25 shares worth $248 on Tuesday, May 31.
Another recent and important Willdan Group, Inc. (NASDAQ:WLDN) news was published by Latimes.com which published an article titled: “Willdan Group looks beyond California to diversify its client base” on October 05, 2014.
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, primarily in California and New York. The Firm enables its clients to provide a range of specialized services without having to incur and maintain the overhead necessary to develop staffing in-house. 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 Firm serves public and governmental agencies, including cities, counties, public utilities, redevelopment agencies, water districts, school districts and universities, state agencies, federal agencies, a range of other special districts and agencies, private utilities and industry and tribal governments.
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