Willdan Group’s (WLDN) “Buy (B-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their buy (b-) rating on shares of Willdan Group (NASDAQ:WLDN) in a research report released on Wednesday,Weiss Ratings reports.

A number of other equities analysts also recently issued reports on WLDN. Wedbush reissued an “outperform” rating and set a $120.00 price target on shares of Willdan Group in a research report on Monday, October 6th. Zacks Research raised Willdan Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Finally, Roth Capital reissued a “buy” rating and set a $103.00 price target (up previously from $62.00) on shares of Willdan Group in a research report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

Willdan Group Stock Performance

Shares of Willdan Group stock opened at $89.98 on Wednesday. The stock’s fifty day moving average is $102.53 and its two-hundred day moving average is $71.24. The company has a market capitalization of $1.32 billion, a PE ratio of 37.65 and a beta of 1.25. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. Willdan Group has a 52 week low of $30.43 and a 52 week high of $121.00.

Insider Activity at Willdan Group

In related news, Director Dennis V. Mcginn sold 7,298 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $106.32, for a total transaction of $775,923.36. Following the sale, the director owned 11,330 shares of the company’s stock, valued at $1,204,605.60. This trade represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas Donald Brisbin sold 5,182 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $118.15, for a total value of $612,253.30. Following the sale, the director directly owned 70,696 shares in the company, valued at approximately $8,352,732.40. The trade was a 6.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 416,439 shares of company stock valued at $44,925,389 over the last 90 days. Company insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Willdan Group

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in Willdan Group by 77.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company’s stock valued at $6,468,000 after purchasing an additional 69,047 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Willdan Group by 193.1% in the first quarter. Meeder Asset Management Inc. now owns 9,627 shares of the construction company’s stock worth $392,000 after acquiring an additional 6,342 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Willdan Group by 34.3% in the first quarter. Envestnet Asset Management Inc. now owns 24,002 shares of the construction company’s stock worth $977,000 after acquiring an additional 6,125 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Willdan Group by 21.4% in the first quarter. Victory Capital Management Inc. now owns 36,249 shares of the construction company’s stock worth $1,476,000 after acquiring an additional 6,399 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Willdan Group by 3.9% in the first quarter. Principal Financial Group Inc. now owns 8,526 shares of the construction company’s stock worth $347,000 after acquiring an additional 319 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

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.