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

StockNews.com downgraded shares of Willdan Group (NASDAQ:WLDN) from a strong-buy rating to a buy rating in a report released on Wednesday.

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

Willdan Group Price Performance

NASDAQ WLDN opened at $42.83 on Wednesday. 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 stock has a market capitalization of $617.09 million, a PE ratio of 26.28 and a beta of 1.41. Willdan Group has a 12-month low of $25.91 and a 12-month high of $50.00. The company has a 50 day moving average price of $36.12 and a two-hundred day moving average price of $39.71.

Insider Buying and Selling

In related news, Director Mohammad Shahidehpour sold 2,273 shares of the firm’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 transaction, the director now directly owns 12,767 shares in the company, valued at approximately $500,466.40. This trade represents a 15.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of WLDN. Lord Abbett & CO. LLC bought a new position in shares of Willdan Group in the third quarter worth about $15,608,000. Wells Fargo & Company MN grew its holdings in Willdan Group by 2,934.0% in the 4th quarter. Wells Fargo & Company MN now owns 175,334 shares of the construction company’s stock valued at $6,678,000 after buying an additional 169,555 shares during the last quarter. Nuveen Asset Management LLC increased its position in Willdan Group by 136.0% in the 4th quarter. Nuveen Asset Management LLC now owns 208,059 shares of the construction company’s stock worth $7,925,000 after buying an additional 119,888 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Willdan Group during the fourth quarter worth approximately $2,389,000. Finally, Vanguard Group Inc. boosted its position in shares of Willdan Group by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 751,985 shares of the construction company’s stock valued at $28,643,000 after acquiring an additional 50,262 shares during the period. Institutional investors and hedge funds 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.