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 research report sent to investors on Wednesday.

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

Willdan Group Trading Up 2.2 %

Willdan Group stock opened at $42.83 on Wednesday. The business has a 50 day moving average price of $36.12 and a two-hundred day moving average price of $39.71. 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 12 month low of $25.91 and a 12 month high of $50.00. The stock has a market cap of $617.09 million, a price-to-earnings ratio of 26.28 and a beta of 1.41.

Insider Activity at Willdan Group

In other Willdan Group news, Director Mohammad Shahidehpour sold 2,273 shares of the company’s 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 sale, the director now directly owns 12,767 shares in the company, valued at $500,466.40. This represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Willdan Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC bought a new stake in shares of Willdan Group in the 3rd quarter worth about $15,608,000. Wells Fargo & Company MN boosted its position in Willdan Group by 2,934.0% in the fourth quarter. Wells Fargo & Company MN now owns 175,334 shares of the construction company’s stock valued at $6,678,000 after buying an additional 169,555 shares in the last quarter. Nuveen Asset Management LLC grew its stake in Willdan Group by 136.0% during the fourth quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company’s stock worth $7,925,000 after buying an additional 119,888 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Willdan Group during the fourth quarter worth approximately $2,389,000. Finally, Vanguard Group Inc. raised its stake in shares of Willdan Group by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company’s stock valued at $28,643,000 after acquiring an additional 50,262 shares during the last quarter. 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.