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

Willdan Group (NASDAQ:WLDN) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

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

Willdan Group Price Performance

Shares of WLDN stock opened at $43.06 on Wednesday. Willdan Group has a 12-month low of $25.91 and a 12-month high of $50.00. The firm has a market capitalization of $620.41 million, a price-to-earnings ratio of 26.42 and a beta of 1.41. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $36.25 and a 200-day moving average of $39.73.

Insider Buying and Selling

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $39.20, for a total value of $89,101.60. Following the completion of the transaction, the director now directly owns 12,767 shares of the company’s stock, valued at approximately $500,466.40. This represents a 15.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.80% of the company’s stock.

Hedge Funds Weigh In On Willdan Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Willdan Group by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,218 shares of the construction company’s stock worth $275,000 after buying an additional 304 shares during the last quarter. Navellier & Associates Inc. boosted its stake in shares of Willdan Group by 4.4% during the 4th quarter. Navellier & Associates Inc. now owns 8,154 shares of the construction company’s stock worth $311,000 after buying an additional 341 shares during the last quarter. Wulff Hansen & CO. boosted its stake in shares of Willdan Group by 1.6% during the 4th quarter. Wulff Hansen & CO. now owns 22,821 shares of the construction company’s stock worth $869,000 after buying an additional 370 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Willdan Group by 2.9% during the 4th quarter. Stifel Financial Corp now owns 16,494 shares of the construction company’s stock worth $628,000 after buying an additional 461 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Willdan Group by 2.4% during the 4th quarter. Inspire Investing LLC now owns 21,390 shares of the construction company’s stock worth $815,000 after buying an additional 501 shares during the last quarter. 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.