Willdan Group (NASDAQ:WLDN) Cut to “Buy” at StockNews.com

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

Separately, Wedbush restated an “outperform” rating and set a $51.00 price objective on shares of Willdan Group in a research report on Monday, November 4th.

Willdan Group Trading Up 0.8 %

Shares of Willdan Group stock opened at $31.12 on Monday. The company has a fifty day simple moving average of $35.84 and a 200-day simple moving average of $39.62. Willdan Group has a 12-month low of $19.70 and a 12-month high of $50.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.37. The stock has a market cap of $439.57 million, a price-to-earnings ratio of 19.09 and a beta of 1.37.

Insiders Place Their Bets

In other news, CFO Creighton K. Early sold 4,349 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $43.13, for a total value of $187,572.37. Following the completion of the transaction, the chief financial officer now owns 69,146 shares in the company, valued at $2,982,266.98. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Willdan Group

A number of large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp purchased a new position in shares of Willdan Group in the 4th quarter valued at about $268,000. Squarepoint Ops LLC increased its holdings in shares of Willdan Group by 126.8% in the 4th quarter. Squarepoint Ops LLC now owns 11,280 shares of the construction company’s stock valued at $430,000 after purchasing an additional 6,306 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in shares of Willdan Group in the 4th quarter valued at about $375,000. Man Group plc grew its stake in Willdan Group by 180.2% in the 4th quarter. Man Group plc now owns 31,924 shares of the construction company’s stock valued at $1,216,000 after acquiring an additional 20,530 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake 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 valued at $7,925,000 after acquiring an additional 119,888 shares during the last quarter. Hedge funds and other 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.