StockNews.com Begins Coverage on Willdan Group (NASDAQ:WLDN)

Investment analysts at StockNews.com started coverage on shares of Willdan Group (NASDAQ:WLDN – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the construction company’s stock.

WLDN has been the topic of several other reports. EF Hutton Acquisition Co. I reiterated a “buy” rating and issued a $24.00 price target on shares of Willdan Group in a research report on Friday, March 10th. Wedbush boosted their price target on shares of Willdan Group from $16.00 to $20.00 in a research report on Friday, March 10th.

Willdan Group Price Performance

Shares of NASDAQ WLDN opened at $16.70 on Thursday. Willdan Group has a fifty-two week low of $10.98 and a fifty-two week high of $32.77. The firm’s 50-day simple moving average is $18.58 and its 200 day simple moving average is $17.23. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.53. The stock has a market cap of $222.11 million, a P/E ratio of -25.69 and a beta of 1.26.

Insiders Place Their Bets

In related news, major shareholder Fund L.P. Forager purchased 11,392 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The shares were purchased at an average price of $18.23 per share, with a total value of $207,676.16. Following the purchase, the insider now owns 1,524,976 shares of the company’s stock, valued at approximately $27,800,312.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Fund L.P. Forager purchased 11,392 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The shares were purchased at an average price of $18.23 per share, with a total value of $207,676.16. Following the purchase, the insider now owns 1,524,976 shares of the company’s stock, valued at approximately $27,800,312.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Donald Brisbin sold 2,606 shares of Willdan Group stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $16.39, for a total value of $42,712.34. Following the completion of the transaction, the chief executive officer now directly owns 390,004 shares in the company, valued at approximately $6,392,165.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,255 shares of company stock worth $238,265. 12.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Willdan Group

Several institutional investors and hedge funds have recently bought and sold shares of WLDN. Forager Capital Management LLC grew its stake in Willdan Group by 18.7% during the 4th quarter. Forager Capital Management LLC now owns 1,847,218 shares of the construction company’s stock valued at $33,065,000 after acquiring an additional 290,748 shares in the last quarter. Rock Point Advisors LLC grew its stake in Willdan Group by 57.7% during the 3rd quarter. Rock Point Advisors LLC now owns 325,597 shares of the construction company’s stock valued at $4,822,000 after acquiring an additional 119,160 shares in the last quarter. Amundi grew its stake in Willdan Group by 6.7% during the 4th quarter. Amundi now owns 1,690,216 shares of the construction company’s stock valued at $30,264,000 after acquiring an additional 105,723 shares in the last quarter. First Trust Advisors LP grew its stake in Willdan Group by 241.3% during the 1st quarter. First Trust Advisors LP now owns 124,175 shares of the construction company’s stock valued at $3,811,000 after acquiring an additional 87,793 shares in the last quarter. Finally, Morgan Stanley grew its stake in Willdan Group by 342.6% during the 4th quarter. Morgan Stanley now owns 88,423 shares of the construction company’s stock valued at $1,578,000 after acquiring an additional 68,444 shares in the last quarter. Hedge funds and other institutional investors own 78.70% of the company’s stock.

About Willdan Group

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Willdan Group, Inc engages in the provision of technical and consulting services. It operates through the Energy and the Engineering and Consulting segments. The Energy segment offers energy and sustainability consulting services to utilities, public agencies and private industry. The Engineering and Consulting segment provides civil engineering-related construction management, building and safety, city engineering office management, city planning, civil design, geotechnical, material testing and other engineering consulting services.