Willdan Group (NASDAQ:WLDN) Lowered to Buy Rating by StockNews.com

Willdan Group (NASDAQ:WLDN) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

Separately, Wedbush raised Willdan Group to a “strong-buy” rating in a research report on Monday, March 10th.

Willdan Group Stock Up 0.9 %

Willdan Group stock opened at $41.92 on Wednesday. The business has a fifty day moving average of $35.99 and a two-hundred day moving average of $39.69. The firm has a market cap of $603.98 million, a P/E ratio of 25.72 and a beta of 1.41. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group has a twelve month low of $25.91 and a twelve month high of $50.00.

Insider Transactions at Willdan Group

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total value of $89,101.60. Following the transaction, the director now directly owns 12,767 shares of the company’s stock, valued at $500,466.40. This represents a 15.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.80% of the company’s stock.

Hedge Funds Weigh In On Willdan Group

Several hedge funds have recently made changes to their positions in WLDN. Principal Financial Group Inc. acquired a new position in shares of Willdan Group in the 3rd quarter valued at $308,000. Quest Partners LLC acquired a new position in shares of Willdan Group in the 3rd quarter valued at $373,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Willdan Group by 56.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,612 shares of the construction company’s stock valued at $1,868,000 after acquiring an additional 16,394 shares during the period. Intech Investment Management LLC acquired a new position in shares of Willdan Group in the 3rd quarter valued at $208,000. Finally, Navellier & Associates Inc. acquired a new position in shares of Willdan Group in the 3rd quarter valued at $320,000. 72.29% of the stock is owned by institutional investors and hedge funds.

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.