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

StockNews.com downgraded shares of Willdan Group (NASDAQ:WLDN) from a strong-buy rating to a buy rating in a report published 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 business’s 50-day moving average price is $36.13 and its two-hundred day moving average price is $39.70. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $444.66 million, a PE ratio of 19.31 and a beta of 1.37. Willdan Group has a 12 month low of $19.70 and a 12 month high of $50.00.

Insiders Place Their Bets

In other news, CFO Creighton K. Early sold 4,349 shares of the 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 owns 69,146 shares in the company, valued at $2,982,266.98. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 9.80% of the company’s stock.

Hedge Funds Weigh In On Willdan Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Willdan Group by 7.2% during the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company’s stock valued at $28,643,000 after buying an additional 50,262 shares during the period. Lord Abbett & CO. LLC boosted its holdings in Willdan Group by 13.4% in the 4th quarter. Lord Abbett & CO. LLC now owns 432,135 shares of the construction company’s stock worth $16,460,000 after buying an additional 51,003 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Willdan Group by 13.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 419,319 shares of the construction company’s stock worth $15,972,000 after acquiring an additional 49,217 shares during the period. Summit Creek Advisors LLC lifted its holdings in Willdan Group by 1.7% during the 4th quarter. Summit Creek Advisors LLC now owns 365,153 shares of the construction company’s stock worth $13,909,000 after purchasing an additional 6,119 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Willdan Group by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 296,398 shares of the construction company’s stock worth $11,293,000 after purchasing an additional 1,601 shares during the period. Hedge funds and other institutional investors 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.