Willdan Group (NASDAQ:WLDN) Cut to Buy at StockNews.com

StockNews.com downgraded shares of Willdan Group (NASDAQ:WLDN) from a strong-buy rating to a buy rating in a report issued on Wednesday morning.

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

Willdan Group Price Performance

Shares of WLDN opened at $41.96 on Wednesday. The firm has a market capitalization of $604.56 million, a PE ratio of 25.74 and a beta of 1.41. The stock’s 50 day moving average is $36.38 and its two-hundred day moving average is $39.76. Willdan Group has a twelve month low of $25.91 and a twelve month high of $50.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37.

Insider Activity at Willdan Group

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the 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 approximately $500,466.40. This trade represents a 15.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 9.80% of the company’s stock.

Hedge Funds Weigh In On Willdan Group

Large investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in Willdan Group in the third quarter valued at about $26,000. Farther Finance Advisors LLC purchased a new stake in shares of Willdan Group during the 4th quarter valued at about $40,000. Tower Research Capital LLC TRC lifted its position in 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 acquiring an additional 1,387 shares in the last quarter. Legal & General Group Plc boosted its holdings in Willdan Group by 26.4% in the 4th quarter. Legal & General Group Plc now owns 2,597 shares of the construction company’s stock worth $99,000 after acquiring an additional 542 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Willdan Group in the fourth quarter valued at approximately $125,000. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

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.