Willdan Group (NASDAQ:WLDN) Receives “Outperform” Rating from Wedbush

Wedbush restated their outperform rating on shares of Willdan Group (NASDAQ:WLDN) in a research note released on Friday morning,RTT News reports. Wedbush currently has a $56.00 price target on the construction company’s stock, up from their prior price target of $51.00.

Separately, StockNews.com cut shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd.

Willdan Group Stock Up 29.7 %

WLDN stock opened at $41.80 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. Willdan Group has a fifty-two week low of $23.83 and a fifty-two week high of $50.00. The firm’s 50-day simple moving average is $35.57 and its 200 day simple moving average is $39.51. The stock has a market cap of $590.43 million, a PE ratio of 25.64 and a beta of 1.37.

Insider Buying and Selling

In other Willdan Group news, CFO Creighton K. Early sold 4,349 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $43.13, for a total transaction of $187,572.37. Following the transaction, the chief financial officer now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.80% of the company’s stock.

Hedge Funds Weigh In On Willdan Group

Several large investors have recently bought and sold shares of WLDN. Quantbot Technologies LP acquired a new position in Willdan Group during the 3rd quarter valued at about $26,000. Farther Finance Advisors LLC acquired a new position in Willdan Group during the 4th quarter valued at about $40,000. Tower Research Capital LLC TRC increased its stake 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 valued at $64,000 after buying an additional 1,387 shares during the period. Legal & General Group Plc increased its stake in Willdan Group by 26.4% during the 4th 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 during the period. Finally, Meeder Asset Management Inc. acquired a new position in Willdan Group during the 4th quarter valued at about $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.