Willdan Group (NASDAQ:WLDN) Rating Increased to Strong-Buy at Wedbush

Wedbush upgraded shares of Willdan Group (NASDAQ:WLDN) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

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

Willdan Group Price Performance

Shares of WLDN stock opened at $40.30 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $569.24 million, a PE ratio of 24.72 and a beta of 1.41. The firm’s 50-day moving average is $35.63 and its two-hundred day moving average is $39.58. Willdan Group has a 12 month low of $24.21 and a 12 month high of $50.00.

Institutional Investors Weigh In On Willdan Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Willdan Group in the 3rd quarter valued at about $26,000. Farther Finance Advisors LLC purchased a new position in shares of Willdan Group in the fourth quarter valued at approximately $40,000. Tower Research Capital LLC TRC grew its holdings in shares of Willdan Group by 470.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company’s stock valued at $64,000 after purchasing an additional 1,387 shares in the last quarter. 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 worth $99,000 after buying an additional 542 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Willdan Group during the 4th quarter worth approximately $125,000. 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.