Willdan Group’s (WLDN) “Outperform” Rating Reaffirmed at Wedbush
Willdan Group, Inc. (NASDAQ:WLDN)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a research report issued on Wednesday.
A number of other research firms also recently commented on WLDN. Canaccord Genuity restated a “buy” rating and set a $36.00 price target on shares of Willdan Group in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Willdan Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 18th.
Shares of Willdan Group (NASDAQ:WLDN) traded down 0.55% on Wednesday, reaching $32.57. 61,362 shares of the company’s stock were exchanged. The company has a market capitalization of $280.36 million, a P/E ratio of 28.70 and a beta of 1.31. The stock’s 50-day moving average price is $31.77 and its 200-day moving average price is $29.22. Willdan Group has a 1-year low of $10.02 and a 1-year high of $36.39.
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In related news, COO Daniel Chow sold 1,203 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $30.43, for a total value of $36,607.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Raymond W. Holdsworth, Jr. bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was acquired at an average price of $31.70 per share, for a total transaction of $31,700.00. The disclosure for this purchase can be found here. 13.30% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in Willdan Group during the first quarter worth approximately $105,000. Creative Planning acquired a new stake in Willdan Group during the first quarter worth approximately $107,000. Oppenheimer Asset Management Inc. acquired a new stake in Willdan Group during the first quarter worth approximately $146,000. A.R.T. Advisors LLC acquired a new stake in Willdan Group during the fourth quarter worth approximately $207,000. Finally, Globeflex Capital L P increased its stake in Willdan Group by 18,000.0% in the first quarter. Globeflex Capital L P now owns 7,240 shares of the construction company’s stock worth $234,000 after buying an additional 7,200 shares during the last quarter. Institutional investors and hedge funds own 47.90% of the company’s stock.
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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