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

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

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

Willdan Group Price Performance

Shares of WLDN opened at $41.92 on Wednesday. The business’s 50-day moving average is $35.99 and its two-hundred day moving average is $39.69. The company has a market capitalization of $603.98 million, a P/E ratio of 25.72 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. Willdan Group has a fifty-two week low of $25.91 and a fifty-two week high of $50.00.

Insider Transactions at Willdan Group

In other news, Director Mohammad Shahidehpour sold 2,273 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total transaction of $89,101.60. Following the sale, 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 SEC, which is available through this link. Corporate insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC purchased a new position in Willdan Group in the 3rd quarter valued at about $15,608,000. JPMorgan Chase & Co. lifted its stake in Willdan Group by 82.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 76,586 shares of the construction company’s stock valued at $3,136,000 after buying an additional 34,699 shares in the last quarter. Franklin Resources Inc. purchased a new position in Willdan Group in the 3rd quarter valued at about $351,000. Geode Capital Management LLC lifted its stake in Willdan Group by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 294,797 shares of the construction company’s stock valued at $12,075,000 after buying an additional 1,514 shares in the last quarter. Finally, Barclays PLC lifted its stake in Willdan Group by 245.7% in the 3rd quarter. Barclays PLC now owns 17,301 shares of the construction company’s stock valued at $708,000 after buying an additional 12,297 shares in the last quarter. 72.29% of the stock is owned by hedge funds and other institutional investors.

About Willdan Group

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.