Shares of Willdan Group, Inc. (NASDAQ:WLDN) have earned an average recommendation of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $35.33.
A number of research firms recently commented on WLDN. Zacks Investment Research raised shares of Willdan Group from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday. Seaport Global Securities reissued a “buy” rating and set a $37.00 price objective on shares of Willdan Group in a report on Wednesday, October 11th. ValuEngine downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub downgraded shares of Willdan Group from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Wedbush reissued an “outperform” rating on shares of Willdan Group in a report on Wednesday, July 12th.
In related news, insider Marc Tipermas sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $35.78, for a total transaction of $178,900.00. Following the transaction, the insider now owns 43,333 shares of the company’s stock, valued at $1,550,454.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.30% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in shares of Willdan Group by 0.6% during the second quarter. Renaissance Technologies LLC now owns 475,700 shares of the construction company’s stock valued at $14,533,000 after buying an additional 2,984 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Willdan Group by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 408,688 shares of the construction company’s stock valued at $12,485,000 after buying an additional 30,030 shares during the period. Vanguard Group Inc. lifted its stake in shares of Willdan Group by 12.8% during the second quarter. Vanguard Group Inc. now owns 306,407 shares of the construction company’s stock valued at $9,361,000 after buying an additional 34,791 shares during the period. Eagle Asset Management Inc. purchased a new position in shares of Willdan Group during the second quarter valued at approximately $5,417,000. Finally, Thrivent Financial For Lutherans purchased a new position in shares of Willdan Group during the second quarter valued at approximately $5,331,000. 57.22% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Willdan Group (WLDN) traded down 0.54% on Friday, reaching $29.61. 37,873 shares of the company were exchanged. The stock has a 50 day moving average of $30.98 and a 200-day moving average of $31.64. The company has a market capitalization of $256.51 million, a P/E ratio of 26.32 and a beta of 1.30. Willdan Group has a 52-week low of $15.25 and a 52-week high of $36.87.
Willdan Group Company Profile
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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