The stock of Willdan Group, Inc. (NASDAQ:WLDN) hit a new 52-week high and has $59.35 target or 196.00% above today’s $20.05 share price. The 8 months bullish chart indicates low risk for the $174.46M company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $59.35 price target is reached, the company will be worth $341.94 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 48,943 shares traded hands. Willdan Group, Inc. (NASDAQ:WLDN) has risen 88.54% since April 14, 2016 and is uptrending. It has outperformed by 83.86% 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 stock with “Outperform” rating in Monday, November 7 report. As per Tuesday, September 1, the company rating was upgraded by TheStreet. The stock of Willdan Group, Inc. (NASDAQ:WLDN) has “Speculative Buy” rating given on Monday, January 18 by Seaport Global Securities. The stock of Willdan Group, Inc. (NASDAQ:WLDN) has “Speculative Buy” rating given on Friday, January 15 by Seaport Global Securities.
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 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 30,617 shares for 0% of their US portfolio. Moreover, Essex Invest Management Lc has 0.09% invested in Willdan Group, Inc. (NASDAQ:WLDN) for 49,539 shares. Deutsche National Bank Ag accumulated 0% or 19,352 shares. Dimensional Fund Lp last reported 217,341 shares in the company. Walleye Trading Lc reported 898 shares or 0% of all its holdings. Federated Investors Pa accumulated 360 shares or 0% of the stock. Bridgeway Capital Mngmt Inc holds 52,300 shares or 0.01% of its portfolio. Acadian Asset Mngmt Limited Liability Company holds 0% of its portfolio in Willdan Group, Inc. (NASDAQ:WLDN) for 42,165 shares. Globeflex Cap Ltd Partnership last reported 0% of its portfolio in the stock. Rbf Cap Limited Com holds 0.41% of its portfolio in Willdan Group, Inc. (NASDAQ:WLDN) for 193,159 shares. Moreover, Tower Research (Trc) has 0% invested in Willdan Group, Inc. (NASDAQ:WLDN) for 679 shares. The New Jersey-based Blackrock Inv Mgmt Limited has invested 0% in Willdan Group, Inc. (NASDAQ:WLDN). Moreover, Oxford Asset Mgmt has 0.01% invested in Willdan Group, Inc. (NASDAQ:WLDN) for 14,769 shares. Manufacturers Life The has 0% invested in the company for 511 shares. Commercial Bank Of America De owns 30,925 shares or 0% of their US portfolio.
Insider Transactions: Since May 31, 2016, the stock had 4 insider purchases, and 2 sales for $293,958 net activity. McEachern Douglas James bought $20,498 worth of stock. Tipermas Marc sold 1,962 shares worth $38,280.
More recent Willdan Group, Inc. (NASDAQ:WLDN) news were published by: Finance.Yahoo.com which released: “Zacks.com featured highlights: SPS Commerce, CryoLife, FormFactor, Willdan …” on November 10, 2016. Also Latimes.com published the news titled: “Willdan Group looks beyond California to diversify its client base” on October 05, 2014. Streetinsider.com‘s news article titled: “Form 4/A Willdan Group, Inc. For: Nov 03 Filed by: BIEBER MICHAEL A” with publication date: November 15, 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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