Willdan Group (NASDAQ:WLDN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $30.00 price target on the construction company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 15.30% from the company’s current price.
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. “
Separately, Canaccord Genuity set a $36.00 price target on Willdan Group and gave the stock a “buy” rating in a report on Monday, March 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $35.75.
In related news, insider Marc Tipermas sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $25.24, for a total transaction of $75,720.00. Following the transaction, the insider now owns 38,333 shares of the company’s stock, valued at $967,524.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 13.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. purchased a new position in shares of Willdan Group during the third quarter worth about $861,000. Thomson Horstmann & Bryant Inc. grew its holdings in shares of Willdan Group by 12.8% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 154,341 shares of the construction company’s stock worth $3,694,000 after buying an additional 17,529 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Willdan Group by 119.7% during the third quarter. Allianz Asset Management GmbH now owns 44,329 shares of the construction company’s stock worth $1,439,000 after buying an additional 24,149 shares during the last quarter. Summit Creek Advisors LLC grew its holdings in shares of Willdan Group by 29.7% during the fourth quarter. Summit Creek Advisors LLC now owns 209,766 shares of the construction company’s stock worth $5,022,000 after buying an additional 48,040 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Willdan Group during the third quarter worth about $4,356,000. 64.93% of the stock is currently owned by hedge funds and other institutional investors.
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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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