StockNews.com Upgrades Willdan Group (NASDAQ:WLDN) to “Strong-Buy”

Willdan Group (NASDAQ:WLDN) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Separately, Wedbush raised shares of Willdan Group to a “strong-buy” rating in a research note on Monday.

Willdan Group Price Performance

NASDAQ WLDN opened at $39.85 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $574.16 million, a PE ratio of 24.45 and a beta of 1.41. Willdan Group has a 12-month low of $25.61 and a 12-month high of $50.00. The company has a 50 day moving average price of $35.71 and a two-hundred day moving average price of $39.61.

Institutional Investors Weigh In On Willdan Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new position in shares of Willdan Group in the third quarter valued at approximately $308,000. Los Angeles Capital Management LLC grew its stake in Willdan Group by 28.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 54,902 shares of the construction company’s stock valued at $2,248,000 after buying an additional 12,304 shares during the last quarter. Quest Partners LLC bought a new position in Willdan Group in the 3rd quarter worth $373,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Willdan Group by 56.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,612 shares of the construction company’s stock worth $1,868,000 after acquiring an additional 16,394 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Willdan Group during the third quarter valued at about $208,000. 72.29% of the stock is currently 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.