Willdan Group’s (WLDN) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reaffirmed their outperform rating on shares of Willdan Group (NASDAQ:WLDN) in a research note issued to investors on Monday,Benzinga reports. They currently have a $120.00 price target on the construction company’s stock.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Willdan Group in a report on Saturday, September 27th. Roth Capital reissued a “buy” rating and set a $103.00 price target (up from $62.00) on shares of Willdan Group in a research note on Tuesday, August 5th. Finally, Zacks Research upgraded shares of Willdan Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $111.50.

Willdan Group Trading Down 0.4%

NASDAQ WLDN opened at $90.86 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $101.82 and its two-hundred day simple moving average is $70.24. Willdan Group has a twelve month low of $30.43 and a twelve month high of $121.00. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 38.02 and a beta of 1.25.

Insider Activity at Willdan Group

In related news, Director Thomas Donald Brisbin sold 130,082 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $109.69, for a total value of $14,268,694.58. Following the completion of the transaction, the director directly owned 320,696 shares of the company’s stock, valued at $35,177,144.24. This represents a 28.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Micah Chen sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $106.00, for a total transaction of $1,060,000.00. Following the completion of the sale, the vice president owned 40,423 shares of the company’s stock, valued at $4,284,838. This trade represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 416,439 shares of company stock valued at $44,925,389 over the last three months. Corporate insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Willdan Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Willdan Group by 77.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 158,401 shares of the construction company’s stock valued at $6,468,000 after buying an additional 69,047 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Willdan Group by 193.1% during the first quarter. Meeder Asset Management Inc. now owns 9,627 shares of the construction company’s stock worth $392,000 after acquiring an additional 6,342 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Willdan Group by 34.3% in the first quarter. Envestnet Asset Management Inc. now owns 24,002 shares of the construction company’s stock worth $977,000 after purchasing an additional 6,125 shares during the period. Victory Capital Management Inc. increased its stake in shares of Willdan Group by 21.4% during the first quarter. Victory Capital Management Inc. now owns 36,249 shares of the construction company’s stock valued at $1,476,000 after purchasing an additional 6,399 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Willdan Group by 3.9% during the first quarter. Principal Financial Group Inc. now owns 8,526 shares of the construction company’s stock valued at $347,000 after purchasing an additional 319 shares in 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.