Willdan Group, Inc. (NASDAQ:WLDN) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday, August 19th.
Other equities research analysts also recently issued research reports about the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $36.00 target price on shares of Willdan Group in a research report on Friday, June 2nd. Wedbush reaffirmed an “outperform” rating on shares of Willdan Group in a research report on Wednesday, July 12th. Finally, Zacks Investment Research downgraded Willdan Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $32.67.
Willdan Group (WLDN) traded down 1.09% during midday trading on Friday, reaching $30.88. The company’s stock had a trading volume of 108,712 shares. The company has a 50 day moving average of $32.76 and a 200-day moving average of $31.41. Willdan Group has a 1-year low of $15.25 and a 1-year high of $36.87. The company has a market capitalization of $267.51 million, a P/E ratio of 27.45 and a beta of 1.40.
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In other Willdan Group news, Director Raymond W. Holdsworth, Jr. purchased 1,000 shares of Willdan Group stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $30.39 per share, with a total value of $30,390.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc Tipermas sold 5,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $35.78, for a total value of $178,900.00. Following the completion of the transaction, the insider now directly owns 43,333 shares of the company’s stock, valued at approximately $1,550,454.74. The disclosure for this sale can be found here. Corporate insiders own 13.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Navellier & Associates Inc raised its stake in Willdan Group by 3.2% during the second quarter. Navellier & Associates Inc now owns 31,331 shares of the construction company’s stock valued at $957,000 after buying an additional 967 shares in the last quarter. California State Teachers Retirement System acquired a new stake in Willdan Group during the second quarter valued at approximately $409,000. Raymond James Financial Services Advisors Inc. raised its stake in Willdan Group by 4.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 19,684 shares of the construction company’s stock valued at $601,000 after buying an additional 891 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Willdan Group by 1,356.2% during the second quarter. The Manufacturers Life Insurance Company now owns 6,655 shares of the construction company’s stock valued at $203,000 after buying an additional 6,198 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Willdan Group by 30.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 72,189 shares of the construction company’s stock valued at $2,205,000 after buying an additional 16,653 shares in the last quarter. Hedge funds and other institutional investors own 57.22% of the company’s stock.
About Willdan Group
Willdan Group, Inc is a holding company. The Company provides professional technical and consulting services to utilities, private industry and public agencies at all levels of government, primarily in California and New York. It operates through four segments: Energy Efficiency Services, Engineering Services, Public Finance Services and Homeland Security Services.
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