Willdan Group (NASDAQ:WLDN) Coverage Initiated at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Willdan Group (NASDAQ:WLDN – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the construction company’s stock.

Several other equities research analysts have also weighed in on WLDN. EF Hutton Acquisition Co. I restated a “buy” rating and issued a $24.00 target price on shares of Willdan Group in a report on Friday, March 10th. Wedbush boosted their target price on Willdan Group from $16.00 to $20.00 in a report on Friday, March 10th.

Willdan Group Stock Down 2.1 %

WLDN opened at $16.70 on Thursday. The business has a 50 day moving average price of $18.58 and a 200 day moving average price of $17.23. Willdan Group has a twelve month low of $10.98 and a twelve month high of $32.77. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $222.11 million, a P/E ratio of -25.69 and a beta of 1.26.

Insider Transactions at Willdan Group

In other Willdan Group news, major shareholder Fund L.P. Forager purchased 25,126 shares of the business’s stock in a transaction dated Tuesday, January 24th. The stock was bought at an average cost of $17.73 per share, for a total transaction of $445,483.98. Following the completion of the acquisition, the insider now directly owns 1,486,807 shares in the company, valued at $26,361,088.11. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Willdan Group news, major shareholder Fund L.P. Forager purchased 25,126 shares of the business’s stock in a transaction dated Tuesday, January 24th. The stock was bought at an average cost of $17.73 per share, for a total transaction of $445,483.98. Following the completion of the acquisition, the insider now directly owns 1,486,807 shares in the company, valued at $26,361,088.11. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael A. Bieber sold 2,852 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $16.39, for a total value of $46,744.28. Following the completion of the transaction, the president now owns 135,019 shares of the company’s stock, valued at $2,212,961.41. The disclosure for this sale can be found here. Insiders sold a total of 14,255 shares of company stock worth $238,265 over the last three months. 12.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Forager Capital Management LLC raised its stake in shares of Willdan Group by 18.7% in the fourth quarter. Forager Capital Management LLC now owns 1,847,218 shares of the construction company’s stock valued at $33,065,000 after purchasing an additional 290,748 shares in the last quarter. Amundi raised its stake in shares of Willdan Group by 6.7% in the fourth quarter. Amundi now owns 1,690,216 shares of the construction company’s stock valued at $30,264,000 after purchasing an additional 105,723 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Willdan Group by 1.0% in the third quarter. Vanguard Group Inc. now owns 580,147 shares of the construction company’s stock valued at $8,592,000 after purchasing an additional 5,578 shares in the last quarter. Rice Hall James & Associates LLC grew its position in Willdan Group by 0.4% in the first quarter. Rice Hall James & Associates LLC now owns 519,443 shares of the construction company’s stock valued at $15,942,000 after acquiring an additional 2,175 shares during the period. Finally, Summit Creek Advisors LLC grew its position in Willdan Group by 0.4% in the fourth quarter. Summit Creek Advisors LLC now owns 378,296 shares of the construction company’s stock valued at $6,753,000 after acquiring an additional 1,375 shares during the period. 78.70% of the stock is currently owned by institutional investors and hedge funds.

Willdan Group Company Profile

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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.