Wedbush Reaffirms Outperform Rating for Willdan Group (NASDAQ:WLDN)

Willdan Group (NASDAQ:WLDN)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a research report issued on Friday,RTT News reports. They currently have a $56.00 price target on the construction company’s stock, up from their prior price target of $51.00. Wedbush’s price target would suggest a potential upside of 33.97% from the company’s previous close.

Separately, StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd.

Willdan Group Trading Up 29.7 %

NASDAQ:WLDN opened at $41.80 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a 50-day moving average of $35.63 and a 200-day moving average of $39.54. The company has a market cap of $590.43 million, a PE ratio of 25.64 and a beta of 1.41. Willdan Group has a one year low of $24.21 and a one year high of $50.00.

Insiders Place Their Bets

In other Willdan Group news, CFO Creighton K. Early sold 4,349 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $43.13, for a total value of $187,572.37. Following the completion of the sale, the chief financial officer now directly owns 69,146 shares of the company’s stock, valued at approximately $2,982,266.98. This represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Willdan Group

A number of institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Willdan Group by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,218 shares of the construction company’s stock valued at $275,000 after acquiring an additional 304 shares during the last quarter. Navellier & Associates Inc. boosted its stake in Willdan Group by 4.4% in the fourth quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company’s stock valued at $311,000 after acquiring an additional 341 shares during the last quarter. Wulff Hansen & CO. boosted its stake in Willdan Group by 1.6% in the fourth quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company’s stock valued at $869,000 after acquiring an additional 370 shares during the last quarter. Stifel Financial Corp boosted its stake in Willdan Group by 2.9% in the fourth quarter. Stifel Financial Corp now owns 16,494 shares of the construction company’s stock valued at $628,000 after acquiring an additional 461 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Willdan Group by 2.4% in the fourth quarter. Inspire Investing LLC now owns 21,390 shares of the construction company’s stock valued at $815,000 after acquiring an additional 501 shares during the last quarter. 72.29% of the stock is owned by institutional investors.

Willdan Group Company Profile

Willdan Group, Inc, together with its subsidiaries, provides professional, technical, and consulting services primarily in the United States. It operates in two segments, Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services.