Willdan Group, Inc. (NASDAQ:WLDN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm presently has a $33.00 price target on the construction company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.49% from the company’s previous close.

According to Zacks, “Willdan Group is a provider of professional technical and consulting services to utilities, private industry, and public agencies at all levels of government. Nationwide, they enable their clients to realize cost and energy savings by providing a wide range of specialized services. They assist their clients with a broad range of complementary services relating to: Energy Efficiency and Sustainability; Engineering and Planning; Economic and Financial Consulting; and National Preparedness and Interoperability. They operate their business through a network of offices located primarily in California and New York. They also have operations in Arizona, Colorado, Florida, Illinois, Kansas, Oregon, Texas, Washington and Washington, DC. “

Other analysts have also issued reports about the stock. BidaskClub lowered shares of Willdan Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine upgraded shares of Willdan Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Seaport Global Securities reiterated a “buy” rating and set a $37.00 target price on shares of Willdan Group in a research report on Wednesday, October 11th. Finally, Wedbush reiterated an “outperform” rating on shares of Willdan Group in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $36.50.

Willdan Group (WLDN) traded down 0.03% during midday trading on Thursday, reaching $29.60. 54,486 shares of the company traded hands. The firm has a market capitalization of $256.42 million, a price-to-earnings ratio of 26.31 and a beta of 1.30. Willdan Group has a 12 month low of $15.25 and a 12 month high of $36.87. The firm’s 50 day moving average price is $30.94 and its 200 day moving average price is $31.63.

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In other Willdan Group news, insider Marc Tipermas sold 5,000 shares of the business’s 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 transaction, the insider now directly owns 43,333 shares in the company, valued at $1,550,454.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.30% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in WLDN. Eagle Asset Management Inc. bought a new position in shares of Willdan Group in the second quarter worth about $5,417,000. Thrivent Financial For Lutherans bought a new position in shares of Willdan Group in the second quarter worth about $5,331,000. Summit Creek Advisors LLC bought a new position in shares of Willdan Group in the third quarter worth about $5,250,000. State Street Corp bought a new position in shares of Willdan Group in the second quarter worth about $3,052,000. Finally, Thomson Horstmann & Bryant Inc. bought a new position in shares of Willdan Group in the second quarter worth about $2,779,000. 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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