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

Wedbush reissued their outperform rating on shares of Willdan Group (NASDAQ:WLDN - Free Report) in a research report sent to investors on Friday morning,RTT News reports. They currently have a $56.00 price target on the construction company's stock, up from their prior price target of $51.00.

Separately, StockNews.com downgraded shares of Willdan Group from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd.

Willdan Group Price Performance

NASDAQ WLDN traded down $0.19 on Friday, hitting $40.11. 232,262 shares of the company's stock were exchanged, compared to its average volume of 123,047. Willdan Group has a 52 week low of $24.21 and a 52 week high of $50.00. The stock has a 50-day moving average of $35.67 and a 200-day moving average of $39.61. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. The stock has a market cap of $566.55 million, a price-to-earnings ratio of 24.61 and a beta of 1.41.

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Hedge Funds Weigh In On Willdan Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in WLDN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Willdan Group by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,218 shares of the construction company's stock valued at $275,000 after purchasing an additional 304 shares during the period. Navellier & Associates Inc. raised its position 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 acquiring an additional 341 shares during the last quarter. Wulff Hansen & CO. lifted its stake in shares of Willdan Group by 1.6% in the fourth quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company's stock worth $869,000 after acquiring an additional 370 shares during the period. Stifel Financial Corp boosted its holdings in Willdan Group by 2.9% in the fourth quarter. Stifel Financial Corp now owns 16,494 shares of the construction company's stock valued at $628,000 after acquiring an additional 461 shares during the last quarter. Finally, Inspire Investing LLC increased its position in Willdan Group by 2.4% during the 4th quarter. Inspire Investing LLC now owns 21,390 shares of the construction company's stock valued at $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.