Willdan Group’s (WLDN) Buy Rating Reaffirmed at Roth Capital

Roth Capital restated their buy rating on shares of Willdan Group (NASDAQ:WLDN) in a research note released on Tuesday,Benzinga reports. Roth Capital currently has a $103.00 price objective on the construction company’s stock, up from their prior price objective of $62.00.

Separately, Wedbush reissued an “outperform” rating on shares of Willdan Group in a research report on Thursday, July 10th.

Willdan Group Stock Performance

Shares of NASDAQ WLDN opened at $91.20 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.61 and a quick ratio of 1.61. The stock’s fifty day moving average price is $68.33 and its two-hundred day moving average price is $49.31. Willdan Group has a one year low of $30.43 and a one year high of $92.76. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 53.96 and a beta of 1.31.

Insider Buying and Selling

In other news, CEO Michael A. Bieber sold 25,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $48.11, for a total transaction of $1,202,750.00. Following the sale, the chief executive officer directly owned 200,981 shares of the company’s stock, valued at approximately $9,669,195.91. This represents a 11.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas Donald Brisbin sold 22,459 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $52.34, for a total value of $1,175,504.06. Following the completion of the transaction, the director owned 422,454 shares in the company, valued at $22,111,242.36. The trade was a 5.05% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,000 shares of company stock valued at $4,994,075. 8.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Willdan Group

Large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Willdan Group by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,218 shares of the construction company’s stock worth $275,000 after buying an additional 304 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in Willdan Group by 4.5% in the second quarter. Concurrent Investment Advisors LLC now owns 7,091 shares of the construction company’s stock valued at $443,000 after acquiring an additional 307 shares during the last quarter. Principal Financial Group Inc. raised its stake in Willdan Group by 3.9% during 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. Stifel Financial Corp raised its stake in Willdan Group by 2.9% during the fourth quarter. Stifel Financial Corp now owns 16,494 shares of the construction company’s stock worth $628,000 after acquiring an additional 461 shares in the last quarter. Finally, AdvisorShares Investments LLC bought a new position in shares of Willdan Group in the second quarter worth about $30,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.

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.