Willdan Group’s (WLDN) Outperform Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Willdan Group (NASDAQ:WLDN) in a research note released on Monday morning, RTT News reports. Wedbush currently has a $51.00 price objective on the construction company’s stock.

WLDN has been the subject of a number of other research reports. StockNews.com downgraded shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Roth Mkm lifted their price target on shares of Willdan Group from $34.00 to $47.00 and gave the company a “buy” rating in a report on Friday, August 2nd.

Willdan Group Trading Up 0.6 %

Shares of WLDN opened at $43.67 on Monday. Willdan Group has a one year low of $17.23 and a one year high of $50.00. The stock has a 50-day moving average price of $41.92 and a 200 day moving average price of $35.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.81 and a current ratio of 1.77. The company has a market capitalization of $616.62 million, a P/E ratio of 26.79 and a beta of 1.39.

Insiders Place Their Bets

In other news, CEO Michael A. Bieber sold 750 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $36.46, for a total transaction of $27,345.00. Following the completion of the sale, the chief executive officer now owns 169,726 shares in the company, valued at approximately $6,188,209.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Willdan Group news, CEO Michael A. Bieber sold 9,209 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $36.36, for a total transaction of $334,839.24. Following the completion of the sale, the chief executive officer now directly owns 169,726 shares in the company, valued at approximately $6,171,237.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael A. Bieber sold 750 shares of Willdan Group stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $36.46, for a total value of $27,345.00. Following the transaction, the chief executive officer now directly owns 169,726 shares in the company, valued at approximately $6,188,209.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.80% of the stock is currently owned by company insiders.

Institutional Trading of Willdan Group

Several institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC lifted its position in Willdan Group by 125.0% in the 3rd quarter. nVerses Capital LLC now owns 900 shares of the construction company’s stock worth $37,000 after buying an additional 500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Willdan Group during the third quarter worth $44,000. ProShare Advisors LLC acquired a new stake in Willdan Group during the second quarter valued at $48,000. Acadian Asset Management LLC grew its stake in Willdan Group by 168.3% in the first quarter. Acadian Asset Management LLC now owns 2,750 shares of the construction company’s stock valued at $78,000 after purchasing an additional 1,725 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Willdan Group in the first quarter valued at about $90,000. 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.