Willdan Group’s (WLDN) “Buy (B)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their buy (b) rating on shares of Willdan Group (NASDAQ:WLDN) in a research report sent to investors on Thursday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on WLDN. Wedbush reissued an “outperform” rating and set a $120.00 price target on shares of Willdan Group in a research report on Monday, October 6th. Roth Capital reissued a “buy” rating and set a $103.00 price target (up previously from $62.00) on shares of Willdan Group in a research report on Tuesday, August 5th. Finally, Zacks Research downgraded Willdan Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.50.

Willdan Group Price Performance

Willdan Group stock opened at $94.51 on Thursday. Willdan Group has a 12 month low of $30.43 and a 12 month high of $121.00. The stock’s 50 day moving average is $99.39 and its 200-day moving average is $77.57. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 39.54 and a beta of 1.25.

Insider Activity

In other Willdan Group news, Director Thomas Donald Brisbin sold 5,182 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $118.15, for a total transaction of $612,253.30. Following the completion of the sale, the director directly owned 70,696 shares in the company, valued at $8,352,732.40. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Micah Chen sold 10,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $106.00, for a total value of $1,060,000.00. Following the sale, the vice president owned 40,423 shares of the company’s stock, valued at $4,284,838. The trade was a 19.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 416,439 shares of company stock valued at $44,925,389. Corporate insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On Willdan Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in WLDN. Wasatch Advisors LP bought a new position in shares of Willdan Group in the 2nd quarter valued at $20,188,000. Nuveen LLC bought a new position in shares of Willdan Group in the 1st quarter valued at $10,313,000. Pacer Advisors Inc. bought a new position in shares of Willdan Group in the 1st quarter valued at $4,687,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Willdan Group in the 2nd quarter valued at $6,807,000. Finally, Divisadero Street Capital Management LP lifted its stake in shares of Willdan Group by 62.3% in the 2nd quarter. Divisadero Street Capital Management LP now owns 278,955 shares of the construction company’s stock valued at $17,437,000 after acquiring an additional 107,033 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors.

About Willdan Group

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.