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

Wedbush reaffirmed their outperform rating on shares of Willdan Group (NASDAQ:WLDN) in a research report report published 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 Performance

Shares of WLDN opened at $41.80 on Friday. Willdan Group has a one year low of $23.83 and a one year high of $50.00. The company has a 50-day moving average of $35.57 and a two-hundred day moving average of $39.51. The stock has a market cap of $590.43 million, a price-to-earnings ratio of 25.64 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.77 and a quick ratio of 1.77.

Insider Buying and Selling

In related news, CFO Creighton K. Early sold 4,349 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $43.13, for a total transaction of $187,572.37. Following the completion of the sale, the chief financial officer now directly owns 69,146 shares in the company, valued at approximately $2,982,266.98. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Willdan Group

Several institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Willdan Group by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,218 shares of the construction company’s stock worth $275,000 after purchasing an additional 304 shares during the period. Navellier & Associates Inc. boosted its holdings in shares of Willdan Group by 4.4% during the fourth quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company’s stock worth $311,000 after purchasing an additional 341 shares during the period. Wulff Hansen & CO. boosted its holdings in shares of Willdan Group by 1.6% during the fourth quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company’s stock worth $869,000 after purchasing an additional 370 shares during the period. Stifel Financial Corp boosted its holdings in shares of Willdan Group by 2.9% during the fourth quarter. Stifel Financial Corp now owns 16,494 shares of the construction company’s stock worth $628,000 after purchasing an additional 461 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Willdan Group by 2.4% during the fourth quarter. Inspire Investing LLC now owns 21,390 shares of the construction company’s stock worth $815,000 after purchasing an additional 501 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.

About Willdan Group

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.