Willdan Group (NASDAQ:WLDN) Lowered to Buy Rating by StockNews.com

Willdan Group (NASDAQ:WLDN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Wednesday.

Separately, Wedbush raised Willdan Group to a "strong-buy" rating in a report on Monday, March 10th.

Willdan Group Stock Down 2.6 %

WLDN stock traded down $1.10 during trading on Wednesday, reaching $41.96. 323,257 shares of the company traded hands, compared to its average volume of 125,986. Willdan Group has a 12 month low of $25.91 and a 12 month high of $50.00. The business has a 50 day simple moving average of $36.38 and a 200 day simple moving average of $39.76. The company has a market capitalization of $604.56 million, a price-to-earnings ratio of 25.74 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77.

Insiders Place Their Bets

In related news, Director Mohammad Shahidehpour sold 2,273 shares of Willdan Group stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $39.20, for a total transaction of $89,101.60. Following the completion of the sale, the director now owns 12,767 shares of the company's stock, valued at $500,466.40. The trade was a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.80% of the company's stock.

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Institutional Trading of Willdan Group

Several institutional investors and hedge funds have recently bought and sold shares of WLDN. Quantbot Technologies LP acquired a new stake in shares of Willdan Group in the third quarter worth $26,000. Farther Finance Advisors LLC acquired a new stake in Willdan Group during the 4th quarter worth about $40,000. Tower Research Capital LLC TRC raised its stake in shares of Willdan Group by 470.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock valued at $64,000 after buying an additional 1,387 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Willdan Group by 26.4% during the 4th quarter. Legal & General Group Plc now owns 2,597 shares of the construction company's stock valued at $99,000 after buying an additional 542 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Willdan Group in the 4th quarter valued at about $125,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

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.