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

StockNews.com lowered shares of Willdan Group (NASDAQ:WLDN) from a strong-buy rating to a buy rating in a research note released on Monday.

Separately, Wedbush reiterated an “outperform” rating and set a $51.00 price target on shares of Willdan Group in a report on Monday, November 4th.

Willdan Group Trading Down 3.7 %

NASDAQ:WLDN opened at $31.48 on Monday. The stock’s 50-day moving average is $36.13 and its two-hundred day moving average is $39.70. 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 stock has a market cap of $444.66 million, a PE ratio of 19.31 and a beta of 1.37. Willdan Group has a fifty-two week low of $19.70 and a fifty-two week high of $50.00.

Insider Buying and Selling

In related news, CFO Creighton K. Early sold 4,349 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 69,146 shares of the company’s stock, valued at approximately $2,982,266.98. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Willdan Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Willdan Group during the third quarter worth approximately $26,000. Farther Finance Advisors LLC bought a new position in Willdan Group in the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC raised its holdings in shares of Willdan Group by 470.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company’s stock worth $64,000 after buying an additional 1,387 shares in the last quarter. Legal & General Group Plc boosted its stake in Willdan Group by 26.4% in the fourth quarter. Legal & General Group Plc now owns 2,597 shares of the construction company’s stock valued at $99,000 after buying an additional 542 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Willdan Group during the 4th quarter valued at approximately $125,000. Institutional investors and hedge funds own 72.29% of the company’s stock.

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.