Wedbush Reaffirms Outperform Rating for Willdan Group (NASDAQ:WLDN)

Wedbush reiterated their outperform rating on shares of Willdan Group (NASDAQ:WLDN) in a research note issued to investors on Monday,RTT News reports. Wedbush currently has a $51.00 price target on the construction company’s stock.

WLDN has been the topic of several other research reports. Roth Mkm boosted their price objective on shares of Willdan Group from $34.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. StockNews.com cut Willdan Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 9th.

Willdan Group Stock Performance

Shares of Willdan Group stock opened at $43.36 on Monday. The business has a fifty day simple moving average of $42.01 and a two-hundred day simple moving average of $35.67. The firm has a market capitalization of $612.24 million, a P/E ratio of 26.60 and a beta of 1.39. The company has a current ratio of 1.77, a quick ratio of 1.81 and a debt-to-equity ratio of 0.37. Willdan Group has a 12 month low of $17.23 and a 12 month high of $50.00.

Insider Buying and Selling at Willdan Group

In other news, CEO Michael A. Bieber sold 750 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $36.46, for a total transaction of $27,345.00. Following the sale, the chief executive officer now owns 169,726 shares in the company, valued at $6,188,209.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. nVerses Capital LLC lifted its stake in Willdan Group by 125.0% during the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock valued at $37,000 after acquiring an additional 500 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Willdan Group during the third quarter valued at approximately $44,000. ProShare Advisors LLC purchased a new stake in Willdan Group in the second quarter worth approximately $48,000. Acadian Asset Management LLC grew its position in Willdan Group by 168.3% in the 1st quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock worth $78,000 after purchasing an additional 1,725 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in Willdan Group during the 1st quarter valued at $90,000. 72.29% of the stock is owned by 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.