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

StockNews.com downgraded shares of Willdan Group (NASDAQ:WLDN - Free Report) from a strong-buy rating to a buy rating in a research report report published on Monday morning.

Separately, Wedbush reaffirmed an "outperform" rating and issued a $51.00 target price on shares of Willdan Group in a report on Monday, November 4th.

Willdan Group Stock Performance

NASDAQ WLDN traded up $0.24 on Monday, reaching $31.12. The stock had a trading volume of 146,298 shares, compared to its average volume of 118,363. The stock has a market cap of $439.57 million, a P/E ratio of 19.09 and a beta of 1.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.77 and a current ratio of 1.77. The business's 50-day moving average price is $35.84 and its 200 day moving average price is $39.62. Willdan Group has a 12-month low of $19.70 and a 12-month high of $50.00.

Insider Activity at Willdan Group

In other Willdan Group news, CFO Creighton K. Early sold 4,349 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $43.13, for a total value of $187,572.37. Following the completion of the sale, the chief financial officer now owns 69,146 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.80% of the company's stock.

Hedge Funds Weigh In On Willdan Group

A number of institutional investors and hedge funds have recently made changes to their positions in WLDN. Quantbot Technologies LP acquired a new stake in Willdan Group in the third quarter valued at $26,000. Farther Finance Advisors LLC acquired a new position in Willdan Group in the fourth quarter valued at $40,000. Tower Research Capital LLC TRC boosted its position in shares of Willdan Group by 470.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the construction company's stock worth $64,000 after acquiring an additional 1,387 shares during the last quarter. Legal & General Group Plc grew 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 period. Finally, Meeder Asset Management Inc. purchased a new stake in Willdan Group during the fourth quarter valued at about $125,000. 72.29% of the stock is 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.